Viking Holdings Ltd (VIK)
NYSE:VIK
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Earnings Data
Report Date
Aug 26, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.24Last Year’s EPS
0.99Same Quarter Last Year
Moderate Buy
Based on 14 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented multiple strong operational and financial positives: healthy revenue and margin growth, substantial improvements in adjusted EBITDA, a very strong advanced booking position for 2026 and encouraging early traction for 2027, a robust cash position and deleveraging, plus strategic fleet additions including sustainability innovations. Key near‑term headwinds include higher vessel maintenance costs, fuel price risk, seasonal Q1 net loss, temporary booking softness tied to geopolitical events, and sizable committed ship CapEx. On balance, the favorable demand, pricing strength, liquidity and pronounced booking momentum materially outweigh the manageable operational and market uncertainties.Company Guidance
Strong Revenue Growth
Total revenue increased 17.5% year‑over‑year to over $1.0B in Q1 2026, driven by higher capacity and improved revenue per PCD.
Improved Profitability Metrics
Adjusted gross margin rose 16.9% year‑over‑year to $717M; adjusted EBITDA was $105M, up 43.9% year‑over‑year; net yield consolidated was $596, up 9.5% versus Q1 2025.
Very Strong Booking Position for 2026 and Early Strength for 2027
2026 core products are 92% booked; advanced bookings consolidated were $6.2B (up 13% YoY). 2027 is already 38% booked with advanced bookings of $3.4B (31% higher versus same point in 2025) and planned core capacity increasing ~15% year‑over‑year.
Segment Performance — River
River adjusted gross margin increased 17.2% YoY; net yield was $761, up 28.3% YoY; occupancy 93.7% (in line with prior year) despite an 8.4% decline in capacity PCDs due to intentional deployment/mix changes.
Segment Performance — Ocean
Ocean capacity PCDs increased 10% YoY, occupancy ~95%, adjusted gross margin up 16.9% YoY and net yield of $527 (up 5.6% YoY), benefiting from the Viking Vesta addition and strong pricing.
Solid Liquidity and Balance Sheet Improvements
Cash and cash equivalents of $4.0B plus an undrawn $1.0B revolver; net debt $1.9B and net leverage improved from 1.1x to 1.0x. Deferred revenue of $5.4B and bond maturities fall in 2028 and beyond.
Fleet Growth and Sustainability Milestones
Delivered/additions include Viking Eldir and Viking Yidun (China), float‑out of two Nile river vessels with further orders for Egypt, and float‑out of Viking Libra — the world's first hydrogen‑powered ocean cruise ship designed for 0 emissions.
Adjusted Loss Improving
Net loss of $54.2M in Q1 2026, an improvement of over $51M compared with Q1 2025, reflecting seasonal dynamics but meaningful progress toward profitability.
VIK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
VIK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 14, 2026 | $82.17 | $86.72 | +5.54% |
Mar 17, 2026 | $71.23 | $72.79 | +2.19% |
Nov 19, 2025 | $58.27 | $61.21 | +5.05% |
Aug 19, 2025 | $60.20 | $59.22 | -1.63% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Viking Holdings Ltd (VIK) report earnings?
Viking Holdings Ltd (VIK) is schdueled to report earning on Aug 26, 2026, Before Open (Confirmed).
What is Viking Holdings Ltd (VIK) earnings time?
Viking Holdings Ltd (VIK) earnings time is at Aug 26, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VIK EPS forecast?
VIK EPS forecast for the fiscal quarter 2026 (Q2) is 1.24.