Royal Caribbean Cruises Ltd. (RCL) shares surged 8.45% during intraday trading on Thursday. The significant upward movement followed the company's release of its fourth-quarter 2025 financial results and robust forward-looking guidance for 2026.

The cruise operator reported net income attributable to shareholders of $754 million for Q4 2025, with adjusted earnings per share of $2.80, meeting analyst expectations. Revenue for the quarter rose to $4.26 billion, driven by strong demand and high occupancy rates, with a load factor of 108%. The company highlighted that guest spending onboard and pre-cruise purchases continue to exceed prior years.

Investor sentiment was further buoyed by guidance that exceeded Wall Street estimates. Royal Caribbean forecast first-quarter 2026 adjusted EPS in the range of $3.18 to $3.28, above the analyst consensus of $2.91. For the full fiscal year 2026, the company expects adjusted EPS between $17.70 and $18.10, surpassing the average estimate of approximately $17.65 to $17.66. The company anticipates double-digit growth in both revenue and earnings for the year, supported by continued strong demand and cost control.

Concurrently, Royal Caribbean announced expansion plans, including agreements with the Chantiers de l'Atlantique shipyard for the construction of its new Discovery Class vessels, with two firm orders and options for four more. The company's Celebrity Cruises brand also plans to add 10 river ships, significantly expanding its vacation portfolio. Analyst firm JP Morgan also raised its price target on the stock, contributing to the positive momentum.