Saia Posts Record Q2 Revenue of $956.5M, EPS Surges 31% to $3.51
SAIA sits 60% above its 52-week low of $249.32.
Summary
Saia delivered record Q2 2026 revenue of $956.5 million and diluted EPS of $3.51, beating the prior year by 17% and 31% respectively, alongside an improved operating ratio and a significantly stronger balance sheet.
Key Events · Earnings and Guidance · SAIA
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Record Q2 Revenue and EPS
Revenue reached $956.5 million, a 17.1% increase year-over-year, and diluted EPS rose to $3.51 from $2.67 in Q2 2025.
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Operating Ratio Improves
Operating ratio improved to 86.9% from 87.8%, driven by operating income growth of 26.0% to $125.2 million.
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Volume Growth Across Network
LTL tonnage per workday increased 8.4% and shipments per workday rose 4.4%, reflecting strong demand and network expansion.
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Balance Sheet Strengthens
Cash and equivalents grew to $84.0 million from $18.8 million a year ago, while total debt fell to $100.1 million from $309.1 million.
Analysis · SAIA · Energy & Transportation
A standout second quarter saw revenue climb 17.1% to a record $956.5 million, while diluted EPS jumped 31% to $3.51. The operating ratio tightened to 86.9%, underscoring better cost leverage even as LTL revenue per hundredweight excluding fuel slipped 2.2%. Tonnage and shipments both posted solid gains, and the balance sheet transformation was dramatic—cash nearly quintupled year-over-year while debt shrank by two-thirds. These results signal that the company's network expansion is gaining traction and fueling profitable growth, though the modest yield pressure warrants attention.
At the time of this filing, SAIA was trading at $399.00 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $10.5B. The 52-week trading range was $249.32 to $494.71. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.