CN Q2 Earnings Rise, Raises 2026 Outlook

Canadian National Railway reported stronger Q2 2026 results, with net income and revenue both rising year over year and management lifting its full-year outlook. The company posted roughly C$1.25 billion in net income and about C$2.06 per share, with adjusted earnings per share near C$2.08, and revenue around C$4.75 billion, up about 11% from the prior year. Revenue growth and profit gains fed optimism as CN raised its guidance for 2026, aiming for mid-to-high single-digit growth in adjusted EPS and low single-digit growth in revenue ton miles. The company’s Q2 report highlighted solid performance across segments and a favorable market environment, supported by continued demand for rail services. Analysts noted that CN’s shares were trading higher in pre-market activity following the earnings release. CN’s updated outlook suggests a cautiously optimistic stance for 2026, reflecting improving profitability despite macro headwinds, with further details provided in its earnings communications.