Royal Caribbean Cruises Ltd. (RCL)

Royal Caribbean Cruises topped consensus on both the top and bottom line in the second fiscal quarter of 2026, reported July 28, as revenue rose 6.5% to about $4.8 billion. Revenue of about $4.8 billion edged the $4.82 billion estimate, about +0.3%, while EPS of $4.21 topped the $3.99 estimate, about +5.5%, though it was down 3.9% from $4.38 a year ago. Gross margin held near 47% and operating margin around 27%, with operating income coming in at about $1.3 billion. Net income fell 6.8% to about $1.1 billion from $1.21 billion a year earlier. Operating cash flow was about $1.9 billion, the company repurchased about $199 million of stock, and it paid about $404 million in dividends. Consensus for the next period calls for EPS of $6.26 on revenue of $5.62 billion.