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Royal Caribbean Cruises (RCL) guidance and outlook
Royal Caribbean Cruises (RCL) raised some and lowered other parts of its guidance on Oct 27, 2026: EPS $17.85–$17.95 for FY2026; EPS $20.00 for long-term; Revenue +9% for FY2026; EPS $3.48–$3.58 for Q4 2026. Royal Caribbean Cruises' 10-Q filed Oct 27, 2026 makes 5 forward-looking statements, 1 of them new and 0 no longer said since the filing before.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| EPS | FY2026 | $17.85–$17.95 | raised |
| EPS | long-term | $20.00 | raised |
| Revenue | FY2026 | +9% | reaffirmed |
| EPS | Q4 2026 | $3.48–$3.58 | new |
| Depreciation & amortization | Q4 2026 | $460M–$470M | new |
| Depreciation & amortization | FY2026 | $1.9B | lowered |
| Capital expenditures | FY2026 | $4.6B | lowered |
From the earnings release filed Oct 27, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Oct 27, 2026
- new · We expect to account for the transaction under the equity method of accounting.
- As of September 30, 2026, the dates that the ships on order by our Global and Partner Brands are expected to be delivered, and their approximate berths are as follows:
- updated · As of September 30, 2026, the aggregate expected cost of our ships on order presented in the table above, excluding any ships on order by our Partner Brands, was approximately $19.4 billion, of which we had deposited $1.5 billion.
- updated · As of September 30, 2026, we anticipate overall full year capital expenditures, based on our existing ships on order, will be approximately $4.6 billion for 2026.
- As of September 30, 2026, we were in compliance with our financial covenants and we estimate that we will be in compliance for at least the next twelve months.
Royal Caribbean Cruises' latest quarter
Royal Caribbean Cruises, Q3 2026: revenue $5.6B (+9% year over year), operating margin 33.5%, net earnings $1.7B, operating cash flow $1.6B. The chart follows the revenue to costs, profit and cash.
Questions
Did Royal Caribbean Cruises raise or lower its guidance?
Royal Caribbean Cruises (RCL) raised some and lowered other parts of its guidance on Oct 27, 2026: EPS $17.85–$17.95 for FY2026; EPS $20.00 for long-term; Revenue +9% for FY2026; EPS $3.48–$3.58 for Q4 2026.
What does Royal Caribbean Cruises expect?
We expect to account for the transaction under the equity method of accounting. As of September 30, 2026, the aggregate expected cost of our ships on order presented in the table above, excluding any ships on order by our Partner Brands, was approximately $19.4 billion, of which we had deposited $1.5 billion. As of September 30, 2026, we anticipate overall full year capital expenditures, based on our existing ships on order, will be approximately $4.6 billion for 2026.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.