Royal Caribbean Group (RCL) Q2 2026: Adj. EPS 4.21 (exp. 3.98), Revenue 4.83bln (exp. 4.82bln). Lifts FY guidance: Current FY adj. EPS 17.73-17.87 (exp. 17.32)

Bookings:The overall demand environment remains strong, supported by consumers' continued preference for the company's differentiated experiences. Since the last earnings call, the company has experienced a modest, near-term impact on bookings for select itineraries, primarily due to prolonged geopolitical activity. The company remains booked at record prices, booking volumes are above last year's levels, and load factors remain robust across its vacation portfolio. The company continues to benefit from strong guest engagement and demand for onboard and destination experiences, supported by ongoing enhancements to its product offerings and more targeted pre-cruise engagement.