Norwegian Cruise Q3 revenue and adjusted EPS beat estimates
NCLH•Norwegian Cruise reported Q3 revenue of $2.95 billion and adjusted EPS of $1.12, beating analyst estimates of $2.88 billion and $0.94. It raised its 2026 adjusted EBITDA guidance to about $2.55 billion and expects adjusted EPS of about $1.70.
1. Quarterly results
Norwegian Cruise reported Q3 revenue of $2.95 billion, above the $2.88 billion analyst consensus, and adjusted EPS of $1.12, above the $0.94 consensus. Net income was $491.47 million.
2. Raised outlook
The company raised its full-year 2026 adjusted EBITDA guidance to about $2.55 billion and expects adjusted EPS of about $1.70. It expects Q4 2026 adjusted EBITDA of $414 million.
3. Demand and leadership
The company said stronger-than-expected close-in demand and higher onboard spending drove results above guidance, while cost discipline contributed to lower-than-expected unit costs. Its booked position for the next 12 months improved modestly but remains below the optimal range. Meghan Montana will become finance chief on January 1, succeeding Mark A. Kempa.
