Monitor the Q2 2026 earnings call for commentary on LTL tonnage trends and pricing power, as the 2.1% decline in tonnage per workday suggests ongoing volume headwinds. The flat EPS and slight revenue growth offer no clear catalyst for directional movement.
Price Chart
Executive Summary
Saia reported Q1 2026 diluted EPS of $1.86, flat YoY, on revenue of $806.2M (+2.4% YoY). Operating income fell 4.8% to $66.8M and the operating ratio worsened to 91.7% from 91.1%, reflecting cost pressures. The results are in line with consensus estimates, with no guidance provided, making this a neutral earnings release.
Key Financial Metrics
Key Facts
- Q1 2026 diluted EPS of $1.86, flat vs $1.86 in Q1 2025
- Revenue of $806.2M, up 2.4% YoY from $787.6M
- Operating income of $66.8M, down 4.8% from $70.2M
- Operating ratio of 91.7% vs 91.1% in prior year
- LTL shipments per workday increased 1.0%, tonnage per workday decreased 2.1%
- Net capital expenditures were $63.7M, down from $202.1M in Q1 2025
- Cash and cash equivalents of $39.2M, total debt of $112.8M
- No guidance provided for Q2 2026 or full year
Financial Impact
Revenue $806.2M, EPS $1.86 flat YoY, operating income down 4.8%
Risk Factors
- Continued decline in LTL tonnage per workday (-2.1%) signals weak demand
- Operating ratio deterioration (91.7% vs 91.1%) indicates margin pressure
- No forward guidance leaves uncertainty about near-term trajectory
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-194062 |
| Document: saia-20260430.htm | 0001193125-26-194062 |
| Document: 0001193125-26-194062-index-headers.html | 0001193125-26-194062 |
| Document: 0001193125-26-194062-index.html | 0001193125-26-194062 |
| Document: 0001193125-26-194062.txt | 0001193125-26-194062 |
| 8-K Data (Synthetic) | 0001193125-26-194062 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 3, 2026 29d ago | 8-K | $345.81 $351.05 | ▲ +1.52% | ▲ +2.66% | $351.44 (+1.63%) |
Sep 3, 2026 29d ago | Press Release | $345.81 $351.05 | ▲ +1.52% | ▲ +2.66% | $351.44 (+1.63%) |
Jul 30, 2026 9w ago | 8-K | $350.63 $361.82 | ▲ +3.19% | ▼ −0.43% | $351.44 (+0.23%) |
Jul 1, 2026 13w ago | Press Release | $418.15 $416.00 | ▼ −0.51% | ▼ −0.78% | $351.44 (−15.95%) |
Jun 11, 2026 16w ago | Institutional Cluster | $487.14 $425.86 | ▼ −12.58% | ▼ −13.01% | $351.44 (−27.86%) |
Jun 2, 2026 17w ago | 8-K | $471.15 $479.30 | ▲ +1.73% | ▲ +4.69% | $351.44 (−25.41%) |
Jun 2, 2026 17w ago | Press Release | $471.15 $479.30 | ▼ −1.73% | ▼ −4.69% | $351.44 (+25.41%) |
May 6, 2026 21w ago | 8-K | $448.94 $431.42 | ▼ −3.90% | ▼ −5.41% | $351.44 (−21.72%) |
Apr 30, 2026 22w ago | 8-K | $448.82 $448.94 | ▲ +0.03% | ▼ −1.70% | $351.44 (−21.70%) |
Mar 30, 2026 26w ago | Press Release | $351.28 $400.31 | ▲ +13.96% | ▲ +10.01% | $351.44 (+0.05%) |
US Market Status
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