Analysts expect Carnival Corporation to report Q2 2026 revenue of $6.69 billion and an EPS of $0.34, with the stock currently trading at $30.87 against an average price target of $34.54.

The primary focus for investors is the full-year net yield guidance, as the company enters the report with 85% of its 2026 inventory already booked at historically high prices.

Supporting this visibility are record customer deposits of nearly $8 billion and strong onboard spending trends, which have helped offset concerns regarding unhedged fuel costs. Management's progress on the long-term PROPEL initiative and aggressive debt reduction strategy remain critical factors for maintaining the stock's upward trajectory.