Carnival Corp., BMG2004J1036

Carnival raises 2026 outlook while Carnival Corporation stock gains 1.03 percent

Published on 10/02/2026 at 15:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter revenue beat USD 8.30 billion estimates at USD 8.44 billion. Carnival Corporation stock costs EUR 22.54 on October 2, 2026 versus EUR 22.31.

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Carnival Corporation (BMG2004J1036) was trading at EUR 22.54 at Lang & Schwarz on October 2, 2026 at 3:35 p.m. CEST, up 1.03 percent from the EUR 22.31 prior close. On September 29, 2026, PR Newswire reported that Carnival raised its full-year 2026 outlook after third-quarter results exceeded expectations.

Revenue beats estimates

Revenue in the third quarter reached USD 8.44 billion, versus the USD 8.30 billion average estimate cited by Reuters on September 29, 2026. That represents a 1.69 percent revenue beat against the consensus figure, while adjusted earnings per share came in at USD 1.43 versus USD 1.36, a 5.15 percent premium.

GAAP diluted earnings per share were USD 1.40 in the third quarter, compared with USD 1.33 in the same period of 2025, according to the company's release. Net income attributable to Carnival Corporation was USD 1.92 billion, up from USD 1.85 billion a year earlier.

Bookings support the outlook

The updated outlook calls for 2026 adjusted earnings per share of USD 2.24, compared with USD 2.22 previously. The change equals a 0.90 percent increase and reflects more than USD 150 million of operational improvement against the June guidance, despite higher fuel prices.

Customer deposits reached a third-quarter record of USD 7.6 billion, USD 0.5 billion above the prior-year record, while capacity growth remained flat over the following twelve months. Carnival also said booked occupancy and pricing for 2027 were at record levels, a forward indicator that gives the earnings upgrade more support than a single strong quarter.

Fuel remains the counter-factor

Fuel and currency costs created a USD 131 million unfavorable effect in the third quarter, but fuel consumption per available lower berth day fell 3.80 percent from the prior year. The contrast matters: pricing and bookings improved the revenue picture while input costs still limited margin progress.

Yahoo Finance reported on September 30, 2026 that Morgan Stanley raised its price target to USD 32.50 from USD 31.00 and retained an Overweight rating. The target increase followed a 6.00 percent rise in the firm's fiscal 2028 earnings forecast after Carnival's results.

Stock advances with results

At Lang & Schwarz, Carnival Corporation stock was trading at EUR 22.54 on October 2, 2026 at 3:35 p.m. CEST, plus 1.03 percent versus the prior close of EUR 22.31. The primary listing is NYSE, where the finance quote showed USD 25.59 at 9:45 a.m. ET on October 2, 2026; the same quote placed the 52-week range at USD 21.45 to USD 34.03 and market capitalization at USD 35.0 billion.

The further course of trading is shown by the continuously updated real-time quote of Carnival Corporation stock.