Norwegian Cruise Line's second quarter earnings beat estimates but company lowers full-year 2026 outlook.

Norwegian Cruise Line Holdings reported second quarter revenue of $2.64 billion, in line with analyst estimates, while adjusted EPS of $0.48 beat expectations of $0.39.

Key Highlights

• Adjusted EPS of $0.48 beat guidance of $0.38, driven by stronger-than-expected cost performance, with Adjusted EBITDA of $666 million surpassing the company's $632 million forecast.
• Full-year 2026 Net Yield guidance was lowered, with the company now expecting a decline of approximately 5% versus 2025, citing softer demand from "company-specific execution challenges."
• The company updated its full-year 2026 Adjusted EPS forecast to approximately $1.50 and identified an additional $100 million in annualized cost savings.