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Carnival (CCL) guidance and outlook
Carnival (CCL) raised some and lowered other parts of its guidance on Sep 29, 2026: Net income $1.9B for FY2027; EBITDA $3.0B for Q4 2026; Net income $150M for FY2026; Depreciation & amortization $750M for Q4 2026. Carnival's 10-Q filed Sep 29, 2026 makes 4 forward-looking statements, 1 of them new and 1 no longer said since the filing before.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Net income | FY2027 | $1.9B | new |
| EBITDA | Q4 2026 | $3.0B | new |
| Net income | FY2026 | $150M | lowered |
| Depreciation & amortization | Q4 2026 | $750M | new |
| Depreciation & amortization | FY2026 | $2.9B | raised |
| Interest expense | Q4 2026 | $260M | new |
| Interest expense | FY2026 | $1.1B | raised |
| EBITDA | Q4 2026 | $1.3B | new |
| EBITDA | FY2026 | $7.1B | raised |
| Net income | Q4 2026 | $274M | new |
| Net income | FY2026 | $3.1B | raised |
| EPS | Q4 2026 | $0.20 | new |
From the earnings release filed Sep 29, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Sep 29, 2026
- These statements are based on current expectations, estimates, forecasts and projections about our business and the industry in which we operate and the beliefs and assumptions of our management.
- We have tried, whenever possible, to identify these statements by using words like “will,” “may,” “could,” “should,” “would,” “believe,” “depends,” “expect,” “goal,” “aspiration,” “anticipate,” “forecast,” “project,” “future,” “intend,” “plan,” “estimate,” “target,” “indicate,” “outlook,” and similar expressions of future intent or the negative of such terms.
- We plan to use existing liquidity and future cash flows from operations to fund our cash requirements including capital expenditures not funded by our export credit facilities.
- new · On September 29, 2026, we expect to file a Shelf Registration Statement on Form S-3 with the SEC, pursuant to which Carnival Corporation Ltd. may from time to time offer debt securities, which may be unconditionally guaranteed, jointly and severally on an unsecured basis by its wholly owned consolidated subsidiary, Carnival UK Ltd.
Carnival's latest quarter
Carnival, Q3 FY26: revenue $8.4B (+4% year over year), operating margin 26.3%, net earnings $1.9B, operating cash flow $1.4B. The chart follows the revenue to costs, profit and cash.
Questions
Did Carnival raise or lower its guidance?
Carnival (CCL) raised some and lowered other parts of its guidance on Sep 29, 2026: Net income $1.9B for FY2027; EBITDA $3.0B for Q4 2026; Net income $150M for FY2026; Depreciation & amortization $750M for Q4 2026.
What does Carnival expect?
On September 29, 2026, we expect to file a Shelf Registration Statement on Form S-3 with the SEC, pursuant to which Carnival Corporation Ltd. may from time to time offer debt securities, which may be unconditionally guaranteed, jointly and severally on an unsecured basis by its wholly owned consolidated subsidiary, Carnival UK Ltd.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.