CSX Corporation (CSX) Earnings Call Transcripts

CSX Corporation's Latest Earnings Call - Q2 FY2026

In the second quarter of 2026, CSX Corporation reported a notable revenue increase of 10% year-over-year, reaching a record $3.2 billion, driven by a 6% rise in volume and improved pricing across its merchandise, intermodal, and coal segments. Earnings per share (EPS) surged by 23% to $0.75, reflecting strong operational efficiency and cost discipline, with operating income growing by 17%. Management raised its full-year revenue growth guidance to the mid- to high single digits and expects operating margin expansion of over 350 basis points, signaling confidence in sustained demand and productivity improvements going forward.

Reported metrics

Guidance from management

CSX has raised its full-year revenue growth outlook to the mid- to high single digits and expects operating margin expansion of over 350 basis points, reflecting confidence in ongoing demand and operational improvements.

What management said

Thank you, Audra. Good afternoon, everyone. We are very pleased to have you join our second quarter 2026 earnings call. Joining me from the CSX leadership team are Steve Angel, President and Chief Executive Officer; Mike Cory, EVP and Chief Operating Officer; Kevin Boone, EVP and Chief Financial Officer, and Maryclare Kenney, Senior Vice President and Chief Commercial Officer. In the presentation that accompanies th...

Yes. Thanks, Scott. So I would say, yes, I'll reiterate this year better than last year. I would say we're constantly looking at the markets and having discussions with customers. They want us to reinvest in the business. They understand inflation I would tell you, we have seen improvement in several markets as we've gone throughout the course of this year, but too early to get into '27 at this point.

What analysts pressed on

Analysts expressed concerns regarding service metrics, particularly in terminal dwell and trip plan performance, which have not met expectations despite strong financial results. Additionally, there are worries about potential slowdowns in specific markets, particularly automotive and chemicals, which could impact future performance.

Main topics on the call

• Record Revenue Growth — CSX achieved a record revenue of $3.2 billion in Q2 2026, up 10% year-over-year, driven by strong volume growth and higher pricing. CEO Steve Angel stated, "Stronger demand led to volume growth across our business, and w...
• Operating Efficiency and Margin Expansion — Operating income increased by 17%, with operating margins improving by 240 basis points despite fuel price headwinds. CFO Kevin Boone noted, "These results reflect continued partnership across the business to improve saf...
• Volume and Pricing Dynamics — Total volume rose 6%, with intermodal being a significant contributor, growing 9% in volume and 26% in revenue. Maryclare Kenney highlighted that "customers are increasingly turning to rail for their supply chain needs,"...
• Guidance Adjustment — Management raised its full-year guidance, now expecting revenue growth in the mid- to high single digits and operating margin expansion exceeding 350 basis points. CEO Angel remarked, "The updated outlook reflects strong...

Read the full CSX Corporation transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 90 CSX Corporation earnings call transcripts on record, spanning January 16, 2020 to July 22, 2026. Based on this history, CSX Corporation reports quarterly. The most recent call on file is dated July 22, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

CSX

Exchange

NasdaqGS

Country

US

Sector

Industrials

Industry

Ground Transportation

Calls on record

90

First call

January 16, 2020

Most recent

July 22, 2026

Reporting cadence

quarterly