Carnival Corporation & plc has announced its financial results for the first quarter of 2026, showcasing record operating results and significant bookings. The company reported a diluted earnings per share (EPS) of $0.19, with an adjusted EPS of $0.20, marking a 50% increase compared to the previous year. Total revenues reached $6.2 billion, with gross margin yields up nearly 10%. The company also highlighted a strong demand for bookings, which increased by double digits for 2026, further solidifying its record booked position at historically high prices. In response to its robust financial performance, Carnival has initiated a $2.5 billion share buyback program, reflecting its commitment to returning value to shareholders. The company anticipates an operational improvement of nearly $150 million in adjusted net income for the full year 2026, despite challenges posed by fluctuating fuel prices. CEO Josh Weinstein emphasized the company's strong start to the year and its focus on long-term growth through the introduction of PROPEL, a new set of ambitious targets aimed at enhancing earnings growth and shareholder returns through 2029. The company remains optimistic about its operational outlook, driven by healthy fundamentals and disciplined execution across its business segments.

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