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Sentiment · FY2026 Q1
| Analyst | Firm | Questions | ChallengePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|---|
| Matt Boss | JPMorgan | 12 | 0% |
| Steve Wieczynski | Stifel | 12 | 0% |
| Brandt Montour | Barclays | 12 | 8% |
| Ben Chaiken | Mizuho Securities | 12 | 0% |
| Robin Farley | UBS | 11 | 0% |
| Conor Cunningham | Melius Research | 10 | 10% |
| Jim Hardiman | Citigroup | 10 | 0% |
| Dave Katz | Jefferies | 9 | 0% |
| Lizzie Dove | Goldman Sachs | 6 | 0% |
| Jaime Katz | Morningstar | 6 | 0% |
| Firm | Analysts | Questions | ChallengePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|---|
| Barclays | 1 | 12 | 8% |
| JPMorgan | 1 | 12 | 0% |
| Mizuho Securities | 1 | 12 | 0% |
| Stifel | 1 |
| 12 |
| 0% |
| UBS | 1 | 11 | 0% |
| Melius Research | 1 | 10 | 10% |
| Citigroup | 1 | 10 | 0% |
| Jefferies | 1 | 9 | 0% |
Carnival posted record Q1 results with net income of $275 million, up over 55% versus prior year, despite yields growing only 2.7% on top of the prior year's strong 7% increase. However, FY2026 EPS guidance was lowered from approximately $2.37 to $2.21 due to a $500 million fuel headwind from geopolitical events, partially offset by $150 million in operational improvement. The company announced a $2.5 billion share repurchase authorization and introduced PROPEL long-term targets through 2029.
Demand | Pricing | Competitive Dynamics | Cost Pressure | Margin | Macroeconomic | Capital Allocation | Product Launch | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 3 | 4 | 4 | 2 | 3 | 1 | 2 | 3 |
| 2025Q1 | 15 | 4 | 6 | 3 | 3 | 6 | 2 | 2 |
| 2025Q2 | 7 | 5 | 5 | 1 | 1 | 3 | 1 | 3 |
| 2025Q3 | 6 | 7 | 5 | 3 | 4 | 1 | 3 | 2 |
| 2025Q4 | 6 | 8 | 8 | 5 | 2 | 1 | 2 | 1 |
| 2026Q1 | 3 | 4 | 3 | 6 | 1 | 2 | 2 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Demand | 3 | 15 | 7 | 6 | 6 | 3 |
| Pricing | 4 | 4 | 5 | 7 | 8 | 4 |
| Competitive Dynamics | 4 | 6 | 5 | 5 | 8 | 3 |
| Cost Pressure | 2 | 3 | 1 | 3 | 5 | 6 |
| Margin | 3 | 3 | 1 | 4 | 2 | 1 |
| Macroeconomic | 1 | 6 | 3 | 1 | 1 | 2 |
| Capital Allocation | 2 | 2 | 1 | 3 | 2 | 2 |
| Product Launch | 3 | 2 | 3 | 2 | 1 |