Royal Caribbean raises 2026 EPS outlook to $17.73-$17.87 as Q2 profit falls
Royal Caribbean reported second quarter 2026 total revenue of $4.8 billion, up 6% year over year, but diluted EPS of $4.20 fell from $4.41 a year earlier. The company raised its full-year 2026 adjusted EPS guidance to $17.73 to $17.87, which it says represents 14% year over year growth, while noting a modest near-term booking impact from geopolitical activity.
Key points
- Q2 2026 total revenue was $4.8 billion, up 6% year over year; load factor was 110%.
- Diluted EPS was $4.20 versus $4.41 a year earlier; adjusted EPS was $4.21 versus $4.38.
- Full-year 2026 adjusted EPS guidance is $17.73 to $17.87; third quarter adjusted EPS guidance is $6.26 to $6.36.
- In Q2 the company returned over $600 million to shareholders, including $199 million of share repurchases and $404 million of dividends; $805 million remains under the buyback authorization.
The filing
Written by AI on Nov 8, 2026, 1:21 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 28, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.