Royal Caribbean beats Q1 earnings estimates with $3.60 adjusted EPS, raises 2026 outlook amid strong demand.

Royal Caribbean Group reported a strong first quarter with adjusted EPS of $3.60, surpassing guidance due to higher revenues, lower costs, and joint venture gains. The company returned $1.1 billion to shareholders through buybacks and dividends, and saw robust demand despite some geopolitical disruptions affecting Mediterranean and Mexico itineraries. For 2026, Royal Caribbean raised its adjusted EPS forecast to $17.10-$17.50, expecting double-digit revenue and earnings growth driven by its expanding portfolio and strong bookings. The company continues investing in new ships and loyalty programs to capture more of the global vacation market.