Carnival Corp. (CCL) delivered mixed results in Q2 FY2026 on revenue of $6.7B versus the $6.7B estimate (+5.3% YoY) and EPS of $0.41. The next Carnival Corp. (CCL) earnings date is Sep 28, 2026. Below is the full Carnival Corp. earnings breakdown — the risk-adjusted verdict, price forecast, technicals, options and hedge-fund 13F holdings, decoded in plain English.
$0.41 (vs $0.34 est · +19.1% surprise · -9.3% YoY)
Share price
$28.12 (-1.1%)
Market cap
$38.5B
Carnival Corp. (CCL) Earnings Analysis — beat / miss history
Quarter
Revenue
EPS
EPS surprise
Next-day move
Verdict
Q3 FY2026
$6.7B vs $6.7B est
$0.41 vs $0.34 est
+19.1%
-4.2%
Mixed
Q2 FY2026
$6.2B vs $6.1B est
$0.20 vs $0.18 est
+8.5%
-5.2%
Mixed
Q1 FY2026
$6.3B vs $6.4B est
$0.34 vs $0.25 est
+37.0%
+13.6%
Mixed
Q4 FY2025
$8.2B vs $8.1B est
$1.43 vs $1.32 est
+8.3%
-5.6%
Mixed
Q3 FY2025
$6.3B vs $6.2B est
$0.35 vs $0.25 est
+41.9%
+6.0%
Mixed
Q2 FY2025
$5.8B vs $5.7B est
$0.13 vs $0.03 est
+381.5%
+1.1%
Mixed
Q1 FY2025
$5.9B vs $5.9B est
$0.14 vs $0.06 est
+133.3%
+2.2%
Mixed
Q4 FY2024
$7.9B vs $7.8B est
$1.27 vs $1.16 est
+9.5%
-2.8%
Mixed
Top institutional holders
Holder
% outstanding
Shares
Value
QoQ change
Blackrock, INC.
7.0%
96.3M
$2.8B
+100.0%
Vanguard Capital Management LLC
6.0%
82.7M
$2.4B
+100.0%
Undisclosed filer
4.5%
62.4M
$1.8B
+100.0%
Causeway Capital Management LLC
3.0%
41.2M
$1.2B
+100.0%
Geode Capital Management, LLC
2.6%
36.4M
$1.0B
+100.0%
Fmr LLC
2.6%
35.8M
$1.0B
+100.0%
Barrow Hanley Mewhinney & Strauss LLC
2.0%
27.5M
$785.8M
+100.0%
Jpmorgan Chase & CO
1.8%
24.5M
$715.4M
+100.0%
Dimensional Fund Advisors LP
1.3%
17.3M
$494.4M
+100.0%
Norges Bank
1.1%
15.6M
$445.2M
+100.0%
Recent insider transactions
Insider
Role
Date
Type
Shares
Value
deynes bettina alejandra
officer: Chief Human Resources Officer
2026-05-28
Sell
43K
$1.2M
WEISENBURGER RANDALL J
director
2026-05-08
Buy
8K
—
weinstein joshua ian
director, officer: Chief Executive Officer
2026-05-08
Buy
191K
—
WEIL LAURA A
director
2026-05-08
Buy
8K
—
WEIL LAURA A
director
2026-05-11
Sell
616
$16250
SUBOTNICK STUART
director
2026-05-08
Buy
8K
—
SUBOTNICK STUART
director
2026-05-11
Sell
616
$16250
SUBOTNICK STUART
director
2026-05-11
Sell
0
$5
What you'll find
Next Carnival Corp. (CCL) earnings date, the expected move and the estimates priced in
A clear Beat / Miss / In-line / Mixed verdict the moment Carnival Corp. reports
Revenue & EPS versus estimates, guidance and segment trends
Multi-lens price forecast — analyst, quant, technical and options views
Deep research: red flags, risk decoder and earnings-call sentiment
Technicals, options / implied volatility and unusual-activity signals
Hedge-fund and legendary-investor 13F holdings in Carnival Corp. (CCL)
Side-by-side peer and historical earnings comparison
Frequently asked questions
When is Carnival Corp.'s next earnings date?
Carnival Corp.'s (CCL) next scheduled earnings date is Sep 28, 2026. Magnisto shows the confirmed date, the options-implied expected move and the revenue and EPS estimates Wall Street is modeling into the report.
Did Carnival Corp. (CCL) beat or miss earnings?
In Q2 FY2026, Carnival Corp. (CCL) posted mixed results — revenue of $6.7B versus the $6.7B estimate (-0.4% surprise) and EPS of $0.41 versus $0.34 expected (+19.1% surprise). Magnisto decodes every Carnival Corp. (CCL) report into a clear Beat, Miss, In-line or Mixed verdict and checks whether guidance was raised, held or cut.
How often does Carnival Corp. beat earnings estimates?
Over its last 8 reported quarters, Carnival Corp. (CCL) beat Wall Street EPS estimates 8 times, most recently a mixed result in Q3 FY2026. Magnisto tracks every Carnival Corp. (CCL) quarter's revenue and EPS versus consensus and grades each one Beat, Miss, In-line or Mixed at a unified ±2% threshold.
How much does Carnival Corp. stock move after earnings?
Over its last 8 quarterly reports, Carnival Corp. (CCL) moved an average of ±5.1% the day after earnings — ranging from -5.6% (Q4 FY2025) to +13.6% (Q1 FY2026). The stock rose after 4 of those 8 reports and fell after 4. Heading into its next report on Sep 28, 2026, options-implied volatility is pricing in a move of roughly ±14.0% (derived). Magnisto tracks the realized post-earnings move for every Carnival Corp. (CCL) quarter alongside the beat/miss verdict — past moves don't predict the next one.
Who are the largest shareholders of Carnival Corp.?
Institutions hold about 49.8% of Carnival Corp.'s (CCL) shares outstanding as of the 2026-06-30 13F quarter. Its largest institutional holders include Blackrock, INC. (7.0%), Vanguard Capital Management LLC (6.0%), Undisclosed filer (4.5%). Magnisto lists Carnival Corp.'s (CCL) top 13F holders with each stake size and its quarter-over-quarter change.
Are insiders buying or selling Carnival Corp. (CCL)?
In the most recent Form 4 filings Magnisto tracks, Carnival Corp. (CCL) insiders recorded 7 purchases and 5 sales — net buying. Insider transactions are one signal among many and are often routine (option exercises or scheduled 10b5-1 sales), so Magnisto shows the raw feed for you to judge.
What is the forecast for Carnival Corp. (CCL) stock?
Magnisto blends analyst price targets, quantitative research, technical trend and options-implied moves into a scenario range for Carnival Corp. (CCL), anchored to the current $28.12 share price, so you can weigh the bull, base and bear cases for Carnival Corp. side by side.
Is Carnival Corp. (CCL) a buy right now?
Magnisto does not give buy or sell tips. It gives you the institutional-grade evidence — the verdict, valuation, risks, technicals and hedge-fund 13F flows — so you can decide whether Carnival Corp. fits your own thesis and risk profile. This is research, not investment advice.