Saia stock falls 3.09 percent despite a Q2 earnings beat

Saia stock stood at USD 333.22 on Nasdaq on September 24, 2026, down 3.09 percent from the previous close of USD 343.85. The decline contrasts with a second-quarter earnings beat, as revenue rose 17.1 percent year over year to USD 956.5 million and diluted EPS reached USD 3.51.

Q2 revenue sets a record

Saia reported operating income of USD 125.2 million for Q2/2026, an increase of 26.0 percent from the prior-year quarter. The operating ratio improved to 86.9 percent from 87.8 percent, giving investors a concrete measure of cost efficiency alongside the revenue growth.

According to MarketBeat on September 24, 2026, Saia's USD 3.51 quarterly EPS exceeded the USD 3.38 consensus estimate by USD 0.13. That result strengthens the earnings case, but the share price still sits USD 161.49 below its 52-week high of USD 494.71.

Shipment growth supports demand

Saia's operating update adds a volume test to the income statement. In August 2026, LTL shipments per workday increased 1.1 percent year over year, while tonnage per workday rose 8.7 percent and weight per shipment increased 7.5 percent, according to Nasdaq on September 3, 2026.

The comparison matters because shipment counts and tonnage point in different directions when freight mix changes. Saia's Q2 operating ratio of 86.9 percent and its 8.7 percent August tonnage growth therefore provide a more useful read on execution than revenue alone.

Analyst target moves lower

Valuation expectations also became more cautious. Investing.com reported on September 4, 2026, that BofA Securities cut its price target from USD 450 to USD 400 while maintaining a Buy rating. The USD 50 reduction places the analyst view below the prior target even as Q2 revenue and EPS expanded.

Saia stock stays below yearly high

On September 24, 2026, Saia stock was valued at USD 333.22 on Nasdaq, with a market capitalization of USD 8,888,510,212. The 52-week range was USD 249.32 to USD 494.71, leaving the stock 32.65 percent below its yearly high and 33.53 percent above its yearly low.