Quarterly ResultJul 30, 2026, 06:33 AM
Norwegian Cruise Line Q2 Revenue $2.6B; FY26 Adj. EPS $1.50
AI Summary
Norwegian Cruise Line Holdings Ltd. reported strong second-quarter 2026 financial results, with total revenue increasing 4.9% to $2.6 billion and Adjusted EBITDA of $666 million, both exceeding guidance. The company updated its full-year 2026 Adjusted EPS guidance to approximately $1.50, while also identifying an additional $100 million in annualized cost savings. Despite these positive developments, the booking environment for its Norwegian Cruise Line brand remains pressured due to company-specific execution challenges and geopolitical factors, leading to a cautious outlook for Net Yields.
Key Highlights
- Q2 2026 total revenue grew 4.9% to $2.6 billion.
- Q2 2026 GAAP net income was $223 million with EPS of $0.48.
- Q2 2026 Adjusted EBITDA was $666 million, exceeding guidance.
- Company now expects full year 2026 Adjusted EPS to be approximately $1.50.
- Identified an additional ~$100 million of annualized run-rate savings.
- Entered agreement for sale of Oceania Sirena, expected to close Q3 2026.
- Settled 2027 Exchangeable Senior Notes in cash, reducing FY26 diluted shares by 4 million.
- Liquidity was $1.5 billion as of June 30, 2026, with Net Leverage at 5.3x.
Price Impact
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