Short answer
Norwegian Cruise Line Holdings (NCLH) filed its Q1 2026 10-Q quarterly report on May 4, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $2.3B (up 9.6% year over year) with net income of $105M.
Q1 2026 key financials · XBRL
- Revenue
- $2.3B
- +9.6% YoY
- Net income
- $105M
- +359.7% YoY
- Operating margin
- 10.0%
- EPS (diluted)
- $0.23
- +355.6% YoY
Source: XBRL data from the Norwegian Cruise Line Holdings (NCLH) Q1 2026 10-Q on SEC EDGAR. USD.
Norwegian Cruise Line Holdings Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $2.331B, up 9.6% YoY from $2.128B
- Net income $104.7M vs $(40.3)M; diluted EPS $0.23 vs $(0.09)
- Gross margin $712.1M, up 16.6% YoY from $610.9M; adjusted EBITDA $532.9M vs $453.1M
- Occupancy 103.8% vs 101.5%; net yield $278.70 vs $279.51
- Bookings below optimal range amid execution missteps and geopolitical uncertainty; $125M annual savings targeted
Risk Factors
- New or changed risk: Expanded shipyard-consolidation exposure, including higher construction prices and fewer qualified European shipyards
- Most material update: Dry-dock scarcity, especially in the Western Hemisphere, threatening timely repairs and maintenance
- Regulatory risk: Technical-specification changes from regulatory, sustainability, or strategic initiatives delaying newbuild delivery
- Operational risk: Mechanical failures affecting radar, propulsion, power management, steering, or gyro systems potentially forcing cruise cancellations
- Financial risk: Ship transactions exposed to counterparty performance, residual liabilities, deposits forfeiture, and impairment losses
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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