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Norwegian Cruise Line Holdings Ltd. NCLH Q2 2026 earnings

Reported July 30, 2026 · Before market open

Revenue$2.6BMiss by $5.1M
EPS$0.48Beat by $0.07
Revenue estimate$2.6B
EPS estimate$0.41
“We are executing with urgency on our priorities including sharpening our brand positioning and marketing execution, strengthening our revenue management and pricing capabilities, driving meaningful cost efficiencies, including an additional $100 million of savings, and ensuring we have the right team in place to rebuild commercial momentum over time. While we are confident in the strength of our brands and the long-term benefits of the actions underway, we are still in the early stages of our turnaround. Our leadership team is united and focused on delivering sustainable growth and long-term value creation.”
John W. Chidsey

Earnings data and commentary were extracted with AI from company filings and may contain errors. Verify important details in the filing.

Next report

Nov 4, 2026 (in 2 months)
Revenue estimate$2.9B
EPS estimate$0.89

Financials

Q2 2026

Income statement

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Revenue$2.6B+4.9%
Gross profit$1.1B-0.7%
Operating income$363.3M-14.3%
Net income$222.6M+642%
EPS (diluted)$0.48+586%

Balance sheet

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Cash & equivalents$218.1M+18.5%
Total debt$15.0B+9.0%
Total equity$2.6B+63.9%
Total assets$24.0B+11.2%

Cash flow

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Operating cash flow$602.6M-15.7%
CapEx$457.7M+37.2%
Free cash flow$144.9M—

Valuation & ratios

Valuation

as of 09/16/26
See full
Market cap$6.56B-43.3%
Enterprise value$21.37B-15.1%
P/E8.6×-7.5×
P/S0.7×-0.6×

Profitability

See full
Gross margin42.5%+1.1pp
Operating margin15.1%-0.9pp
Net margin7.5%0.0pp

Returns & leverage

See full
Return on equity36.7%-26.8pp
Debt / equity5.8×-2.9×
Current ratio0.2×0.0×

FAQ

When did Norwegian Cruise Line Holdings Ltd. report Q2 2026 earnings?
Norwegian Cruise Line Holdings Ltd. (NCLH) reported Q2 2026 earnings on July 30, 2026 before market open.
What were Norwegian Cruise Line Holdings Ltd.'s Q2 2026 revenue and EPS?
Norwegian Cruise Line Holdings Ltd. reported revenue of $2.6B and eps of $0.48 for Q2 2026.
Did Norwegian Cruise Line Holdings Ltd. beat estimates in Q2 2026?
Revenue missed the consensus estimate of $2.6B by $5.1M. EPS beat the consensus estimate of $0.41 by $0.07.
How did Norwegian Cruise Line Holdings Ltd.'s Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 4.9% from $2.5B a year earlier and eps declined 5.9% from $0.51.
Where can I find Norwegian Cruise Line Holdings Ltd.'s Q2 2026 SEC filings?
You can read the 8-K earnings release (0001171843-26-005050) and the 10-Q periodic report (0001104659-26-089657) directly on SEC EDGAR. The filing index links above go to sec.gov.