Royal Caribbean shares fall after second-quarter earnings update
The cruise company beat consensus estimates for adjusted profit and revenue, while reporting year-over-year growth in capacity and passenger volume.
Royal Caribbean shares declined about 10.4% in the month following its most recent earnings report, underperforming the S&P 500 during the period.
For the second quarter of 2026, the company reported adjusted earnings of $4.21 per share, topping the Zacks Consensus Estimate of $3.97 by 6.1%. Adjusted earnings were 3.9% below the $4.38 per share recorded in the same quarter a year earlier.
Quarterly revenue rose 6.5% year over year to $4.83 billion, exceeding the $4.81 billion consensus estimate by 0.5%. Passenger ticket revenue increased 4.5% to $3.34 billion, while onboard and other revenue climbed 11.1% to $1.49 billion.
Royal Caribbean reported occupancy of 110.2%. Capacity grew 4.9% from a year earlier, and the number of passengers carried increased 6.4% to nearly 2.4 million. The company said booking volumes were above year-earlier levels and that bookings continued to command record prices.