Viking's second quarter 2026 revenue of $2.2B beat expectations by 38% amid robust forward bookings

Viking Holdings reported second quarter 2026 results that significantly surpassed analyst expectations on the top line. Revenue rose 16.5% year-over-year to $2.19 billion, while adjusted EPS reached $1.31. The performance was anchored by a 10.9% increase in capacity passenger cruise days (PCDs) and a 6.2% rise in net yield, signaling continued strength in premium travel demand despite occupancy coming in slightly below estimates.

Key Highlights

• Total revenue reached $2.19 billion, exceeding estimates of $1.58 billion, driven by fleet expansion and higher revenue per PCD.
• Adjusted EBITDA increased 18.2% year-over-year to $748.4 million, while net leverage remained conservative at 1.2x.
• Forward visibility remains high with 96% of 2026 capacity sold and 2027 advance bookings currently 21% higher than 2026 levels at the same point in time.