Union Pacific (UNP) beat expectations in Q2 FY2026 on revenue of $6.9B versus the $6.7B estimate (+11.5% YoY) and EPS of $3.41. The next Union Pacific (UNP) earnings date is Oct 22, 2026. Below is the full Union Pacific earnings breakdown — the risk-adjusted verdict, price forecast, technicals, options and hedge-fund 13F holdings, decoded in plain English.
Union Pacific (UNP) Earnings Analysis — key stats
Next earnings date
Oct 22, 2026
Latest reported quarter
Q2 FY2026
Earnings verdict
Beat
EPS beat rate
5 of last 8 (quarters above estimate)
Avg next-day move
±4.2% (over the last 8 reports)
Post-earnings direction
Up 3 / Down 5 (of the last 8 reports)
Implied move (next report)
±6.9% (options-derived · into Oct 22, 2026)
Institutional ownership
131.5% (13F as of 2026-06-30)
Top 10 holders
39.5% (of shares outstanding)
Insider activity
12 buys / 0 sells (recent Form 4 filings)
Revenue
$6.9B (vs $6.7B est · +2.2% surprise · +11.5% YoY)
EPS
$3.41 (vs $3.26 est · +4.6% surprise · +6.3% YoY)
Share price
$309.86 (+0.6%)
Market cap
$184.1B
Union Pacific (UNP) Earnings Analysis — beat / miss history
Quarter
Revenue
EPS
EPS surprise
Next-day move
Verdict
Q3 FY2026
$6.9B vs $6.7B est
$3.41 vs $3.26 est
+4.6%
+5.0%
Beat
Q2 FY2026
$6.2B vs $6.2B est
$2.93 vs $2.86 est
+2.4%
+7.7%
Mixed
Q1 FY2026
$6.1B vs $6.1B est
$2.86 vs $2.86 est
+0.0%
-1.4%
In line
Q4 FY2025
$6.2B vs $6.3B est
$3.08 vs $2.99 est
+3.0%
-3.8%
Mixed
Q3 FY2025
$6.2B vs $6.2B est
$3.03 vs $2.91 est
+4.1%
-2.7%
Mixed
Q2 FY2025
$6.0B vs $6.1B est
$2.70 vs $2.74 est
-1.5%
-3.0%
In line
Q1 FY2025
$6.1B vs $6.1B est
$2.91 vs $2.76 est
+5.4%
+5.5%
Mixed
Q4 FY2024
$6.1B vs $6.1B est
$2.75 vs $2.78 est
-1.1%
-4.6%
In line
Top institutional holders
Holder
% outstanding
Shares
Value
QoQ change
Blackrock, INC.
8.1%
47.9M
$13.0B
+0.2%
Vanguard Capital Management LLC
6.5%
38.8M
$10.5B
+0.6%
State Street Corp
4.7%
27.9M
$7.6B
+4.9%
Capital World Investors
4.6%
27.1M
$7.4B
+0.3%
Capital Research Global Investors
2.9%
17.1M
$4.7B
+1.2%
Geode Capital Management, LLC
2.7%
16.1M
$4.4B
+1.6%
Jpmorgan Chase & CO
2.6%
15.7M
$4.3B
-11.2%
Morgan Stanley
2.5%
14.6M
$4.0B
-2.1%
Bank Of America Corp /De/
2.4%
14.5M
$4.0B
+0.4%
Vanguard Portfolio Management LLC
2.4%
14.3M
$3.9B
-1.1%
Recent insider transactions
Insider
Role
Date
Type
Shares
Value
Conlin Christina B
officer: EVP CHIEF LEGAL OFFICER & CORP
2026-08-10
Buy
2
$635
Rocker Kenyatta G
officer: EVP MARKETING & SALES
2026-08-10
Buy
3
$744
Powers Carrie J
officer: VP & CONTROLLER
2026-08-10
Buy
5
$1580
Hamann Jennifer L
officer: EVP & CHIEF FINANCIAL OFFICER
2026-08-10
Buy
8
$2325
Jalali Rahul
officer: EVP & CHIEF INFORMATION OFFICE
2026-08-10
Buy
8
$2400
Rocker Kenyatta G
officer: EVP MARKETING & SALES
2026-07-10
Buy
5
$1400
Rocker Kenyatta G
officer: EVP MARKETING & SALES
2026-07-10
Buy
3
$744
Powers Carrie J
officer: VP & CONTROLLER
2026-07-10
Buy
6
$1580
What you'll find
Next Union Pacific (UNP) earnings date, the expected move and the estimates priced in
A clear Beat / Miss / In-line / Mixed verdict the moment Union Pacific reports
Revenue & EPS versus estimates, guidance and segment trends
Multi-lens price forecast — analyst, quant, technical and options views
Deep research: red flags, risk decoder and earnings-call sentiment
Technicals, options / implied volatility and unusual-activity signals
Hedge-fund and legendary-investor 13F holdings in Union Pacific (UNP)
Side-by-side peer and historical earnings comparison
Frequently asked questions
When is Union Pacific's next earnings date?
Union Pacific's (UNP) next scheduled earnings date is Oct 22, 2026. Magnisto shows the confirmed date, the options-implied expected move and the revenue and EPS estimates Wall Street is modeling into the report.
Did Union Pacific (UNP) beat or miss earnings?
In Q2 FY2026, Union Pacific (UNP) posted beat results — revenue of $6.9B versus the $6.7B estimate (+2.2% surprise) and EPS of $3.41 versus $3.26 expected (+4.6% surprise). Magnisto decodes every Union Pacific (UNP) report into a clear Beat, Miss, In-line or Mixed verdict and checks whether guidance was raised, held or cut.
How often does Union Pacific beat earnings estimates?
Over its last 8 reported quarters, Union Pacific (UNP) beat Wall Street EPS estimates 5 times, most recently a beat result in Q3 FY2026. Magnisto tracks every Union Pacific (UNP) quarter's revenue and EPS versus consensus and grades each one Beat, Miss, In-line or Mixed at a unified ±2% threshold.
How much does Union Pacific stock move after earnings?
Over its last 8 quarterly reports, Union Pacific (UNP) moved an average of ±4.2% the day after earnings — ranging from -4.6% (Q4 FY2024) to +7.7% (Q2 FY2026). The stock rose after 3 of those 8 reports and fell after 5. Heading into its next report on Oct 22, 2026, options-implied volatility is pricing in a move of roughly ±6.9% (derived). Magnisto tracks the realized post-earnings move for every Union Pacific (UNP) quarter alongside the beat/miss verdict — past moves don't predict the next one.
Who are the largest shareholders of Union Pacific?
Institutions hold about 131.5% of Union Pacific's (UNP) shares outstanding as of the 2026-06-30 13F quarter. Its largest institutional holders include Blackrock, INC. (8.1%), Vanguard Capital Management LLC (6.5%), State Street Corp (4.7%). Magnisto lists Union Pacific's (UNP) top 13F holders with each stake size and its quarter-over-quarter change.
Are insiders buying or selling Union Pacific (UNP)?
In the most recent Form 4 filings Magnisto tracks, Union Pacific (UNP) insiders recorded 12 purchases and 0 sales — net buying. Insider transactions are one signal among many and are often routine (option exercises or scheduled 10b5-1 sales), so Magnisto shows the raw feed for you to judge.
What is the forecast for Union Pacific (UNP) stock?
Magnisto blends analyst price targets, quantitative research, technical trend and options-implied moves into a scenario range for Union Pacific (UNP), anchored to the current $309.86 share price, so you can weigh the bull, base and bear cases for Union Pacific side by side.
Is Union Pacific (UNP) a buy right now?
Magnisto does not give buy or sell tips. It gives you the institutional-grade evidence — the verdict, valuation, risks, technicals and hedge-fund 13F flows — so you can decide whether Union Pacific fits your own thesis and risk profile. This is research, not investment advice.