Quarterly ResultMay 4, 2026, 06:32 AM
Norwegian Cruise Line Q1 Revenue $2.3B; Lowers FY26 EPS Guidance
AI Summary
Norwegian Cruise Line Holdings Ltd. reported strong first quarter 2026 financial results, with total revenue growing 10% to $2.3 billion and Adjusted EBITDA increasing 18% to $533 million, exceeding guidance. However, the company lowered its full-year 2026 Adjusted EPS guidance to $1.45-$1.79, citing headwinds from Middle East disruptions, higher fuel costs, and softer demand in Europe. The company also announced the delivery of Norwegian Luna, a board refreshment with five new independent directors, and $125 million in annualized SG&A savings.
Key Highlights
- Q1 total revenue grew 10% to $2.3 billion.
- Q1 GAAP net income was $105 million, with EPS of $0.23.
- Q1 Adjusted EBITDA increased 18% to $533 million, exceeding guidance.
- Full year 2026 Adjusted EPS guidance lowered to $1.45-$1.79.
- Full year 2026 Adjusted EBITDA expected at $2.48 billion to $2.64 billion.
- Company took delivery of the new ship Norwegian Luna.
- Appointed five new independent directors to the Board.
- Executed $125 million in annualized SG&A savings initiatives.