Norwegian Cruise Line Holdings (NCLH) raised its full-year 2026 adjusted earnings forecast on Thursday, October 29, after its third-quarter results came in above guidance.
The company now expects adjusted earnings per share (EPS) of approximately $1.70, up from the $1.50 forecast it issued when it lowered its outlook on July 30. Full-year adjusted net income guidance increased from approximately $700 million to $789 million.
Third-quarter adjusted net income reached $514 million against July guidance of $414 million, while adjusted EPS was $1.12. Total revenue was $2.947 billion. Onboard and other revenue rose to $1.001 billion from $888.2 million a year earlier, and occupancy was 106.5 per cent.
The company attributed the performance mainly to stronger demand closer to departure and onboard spending, as well as lower-than-expected unit costs.
Chief executive John W. Chidsey said on the earnings call that close-in demand reflected consumers booking nearer departure after putting off summer vacations.
The fourth-quarter outlook incorporates the delayed delivery of Seven Seas Prestige to late December and the cancellation of selected Seven Seas Voyager voyages that would have transited the Suez Canal.
NCLH said these changes create an unfavourable mix effect. It forecasts a fourth-quarter adjusted loss of approximately $0.12 per share. Its fourth-quarter constant-currency net yield forecast is unchanged at a decline of approximately 6.5 per cent.
The 257-metre, 76,550 GT Seven Seas Prestige was launched at Fincantieri's Marghera shipyard in Italy in November 2025. She is the first vessel in Regent Seven Seas Cruises' new class and accommodates 822 guests in 411 suites.