Norwegian Cruise Line (NCLH) delivered mixed results in Q2 FY2026 on revenue of $2.6B versus the $2.6B estimate (+4.9% YoY) and EPS of $0.48. The next Norwegian Cruise Line (NCLH) earnings date is Nov 3, 2026. Below is the full Norwegian Cruise Line earnings breakdown — the risk-adjusted verdict, price forecast, technicals, options and hedge-fund 13F holdings, decoded in plain English.
Norwegian Cruise Line (NCLH) Earnings Analysis — key stats
Next earnings date
Nov 3, 2026
Latest reported quarter
Q2 FY2026
Earnings verdict
Mixed
EPS beat rate
6 of last 8 (quarters above estimate)
Avg next-day move
±9.5% (over the last 8 reports)
Post-earnings direction
Up 2 / Down 6 (of the last 8 reports)
Implied move (next report)
±30.1% (options-derived · into Nov 3, 2026)
Institutional ownership
59.8% (13F as of 2026-06-30)
Top 10 holders
43.6% (of shares outstanding)
Insider activity
12 buys / 0 sells (recent Form 4 filings)
Revenue
$2.6B (vs $2.6B est · -0.2% surprise · +4.9% YoY)
EPS
$0.48 (vs $0.41 est · +16.6% surprise · +614.3% YoY)
Share price
$19.01 (-2.8%)
Market cap
$8.7B
Norwegian Cruise Line (NCLH) Earnings Analysis — beat / miss history
Quarter
Revenue
EPS
EPS surprise
Next-day move
Verdict
Q3 FY2026
$2.6B vs $2.6B est
$0.48 vs $0.41 est
+16.6%
-10.7%
Mixed
Q2 FY2026
$2.3B vs $2.4B est
$0.23 vs $0.15 est
+53.3%
-9.9%
Mixed
Q1 FY2026
$2.2B vs $2.3B est
$0.28 vs $0.26 est
+5.8%
-14.2%
Mixed
Q4 FY2025
$2.9B vs $2.3B est
$1.20 vs $1.16 est
+3.4%
-16.1%
Beat
Q3 FY2025
$2.5B vs $3.0B est
$0.51 vs $0.52 est
-1.9%
+4.7%
Mixed
Q2 FY2025
$2.1B vs $2.6B est
$0.07 vs $0.09 est
-22.2%
-6.4%
Miss
Q1 FY2025
$2.1B vs $2.2B est
$0.26 vs $0.10 est
+160.0%
-9.3%
Mixed
Q4 FY2024
$2.8B vs $2.1B est
$0.99 vs $0.94 est
+5.3%
+4.4%
Beat
Top institutional holders
Holder
% outstanding
Shares
Value
QoQ change
Vanguard Capital Management LLC
6.6%
30.0M
$632.7M
+1.2%
Blackrock, INC.
6.4%
29.3M
$619.3M
-15.0%
Ubs Group Ag
5.1%
23.3M
$492.5M
+6.3%
Goldman Sachs Group INC
4.1%
18.9M
$399.2M
+5.5%
Undisclosed filer
4.1%
18.7M
$394.1M
-5.3%
State Street Corp
3.7%
17.0M
$359.1M
+4.6%
Barclays Plc
3.7%
16.7M
$352.6M
+10.6%
Ariel Investments, LLC
3.4%
15.4M
$325.7M
+5.2%
Ameriprise Financial INC
3.3%
15.0M
$316.7M
+3143.9%
Elliott Investment Management L.P.
3.2%
14.7M
$310.0M
+11.4%
Recent insider transactions
Insider
Role
Date
Type
Shares
Value
CHIDSEY JOHN
director, officer: President and CEO
2026-05-22
Buy
153K
$2.5M
COHEN JONATHAN Z
director
2026-05-20
Buy
30K
$474900
Cil Jose E.
director
2026-05-19
Buy
10K
$149100
Cil Jose E.
director
2026-05-18
Buy
5K
$76250
MacDonald Brian P
director
2026-05-11
Buy
15K
$248100
Lansberry Kevin Allen
director
2026-05-07
Buy
11K
$196992
Byng-Thorne Zillah
director
2026-05-07
Buy
25K
$442015
Byng-Thorne Zillah
director
2026-05-07
Buy
4K
$79379
What you'll find
Next Norwegian Cruise Line (NCLH) earnings date, the expected move and the estimates priced in
A clear Beat / Miss / In-line / Mixed verdict the moment Norwegian Cruise Line 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 Norwegian Cruise Line (NCLH)
Side-by-side peer and historical earnings comparison
Frequently asked questions
When is Norwegian Cruise Line's next earnings date?
Norwegian Cruise Line's (NCLH) next scheduled earnings date is Nov 3, 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 Norwegian Cruise Line (NCLH) beat or miss earnings?
In Q2 FY2026, Norwegian Cruise Line (NCLH) posted mixed results — revenue of $2.6B versus the $2.6B estimate (-0.2% surprise) and EPS of $0.48 versus $0.41 expected (+16.6% surprise). Magnisto decodes every Norwegian Cruise Line (NCLH) report into a clear Beat, Miss, In-line or Mixed verdict and checks whether guidance was raised, held or cut.
How often does Norwegian Cruise Line beat earnings estimates?
Over its last 8 reported quarters, Norwegian Cruise Line (NCLH) beat Wall Street EPS estimates 6 times, most recently a mixed result in Q3 FY2026. Magnisto tracks every Norwegian Cruise Line (NCLH) 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 Norwegian Cruise Line stock move after earnings?
Over its last 8 quarterly reports, Norwegian Cruise Line (NCLH) moved an average of ±9.5% the day after earnings — ranging from -16.1% (Q4 FY2025) to +4.7% (Q3 FY2025). The stock rose after 2 of those 8 reports and fell after 6. Heading into its next report on Nov 3, 2026, options-implied volatility is pricing in a move of roughly ±30.1% (derived). Magnisto tracks the realized post-earnings move for every Norwegian Cruise Line (NCLH) quarter alongside the beat/miss verdict — past moves don't predict the next one.
Who are the largest shareholders of Norwegian Cruise Line?
Institutions hold about 59.8% of Norwegian Cruise Line's (NCLH) shares outstanding as of the 2026-06-30 13F quarter. Its largest institutional holders include Vanguard Capital Management LLC (6.6%), Blackrock, INC. (6.4%), Ubs Group Ag (5.1%). Magnisto lists Norwegian Cruise Line's (NCLH) top 13F holders with each stake size and its quarter-over-quarter change.
Are insiders buying or selling Norwegian Cruise Line (NCLH)?
In the most recent Form 4 filings Magnisto tracks, Norwegian Cruise Line (NCLH) insiders recorded 12 purchases and 0 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 Norwegian Cruise Line (NCLH) stock?
Magnisto blends analyst price targets, quantitative research, technical trend and options-implied moves into a scenario range for Norwegian Cruise Line (NCLH), anchored to the current $19.01 share price, so you can weigh the bull, base and bear cases for Norwegian Cruise Line side by side.
Is Norwegian Cruise Line (NCLH) 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 Norwegian Cruise Line fits your own thesis and risk profile. This is research, not investment advice.