Norfolk Southern Corporation · NSC · Next earnings

Norfolk Southern Corporation reports Thursday, Oct 22, 2026

NSC reports before market open with consensus EPS at $3.56 and revenue at $3.45B. Last quarter: Norfolk Southern Beats on Volume Strength as Intermodal and Coal Drive Q2 Growth

Reports Before market open32 days awayDate estimated Industrials

What the street expects

Consensus for the coming report
Consensus EPS $3.56 Calendar consensus
Consensus revenue $3.45B Calendar consensus
Report date Oct 22, 2026 Thursday, date estimated
Session Before market open 32 days away

Where NSC left off: FY2026 Q2

Full report

Norfolk Southern Beats on Volume Strength as Intermodal and Coal Drive Q2 Growth

EPS surprise +6.0% Reported $3.52 vs $3.32
Revenue surprise +3.6% Reported $3.50B vs $3.38B
Stock move +5.3% Event window
Subsequent drift -2.8% Up to 20 sessions

Management maintained overall 2026 guidance. Operating expense guidance was raised to $8.8-$8.9B, attributed to higher fuel costs. Capex guidance remains at $1.9B. The $150M cost-takeout target and $650M cumulative three-year savings goal were reiterated.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Higher and persistent fuel prices affecting margins
  • Inflationary pressure on labor, benefits, and materials
  • Macroeconomic uncertainty, including tariff and trade risks
  • Potential slowdown in coal demand from renewable energy growth
  • Labor attrition at approximately 8% annually, requiring targeted hiring

Questions analysts left open

  • Pricing dynamics and future intermodal pricing power
  • Potential need for additional headcount and resource allocation
  • Margin outlook for Q3 and Q4 amid fuel tailwinds and wage increases
  • Impact of the pending CSX merger on customer share loss and recovery
  • Pull-forward of import volumes and tariff deadline effects

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Recent NSC quarters

All NSC earnings
+5.3%FY2026 Q2

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q2

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.