EarningsQ2 2026 Earnings Report
MX:SAIA Q2 2026 EPS Results
Actual EPS$63.74
Consensus EPS$61.47
Beat/MissBeat by +$2.27
One Year Ago EPS$48.49
MX:SAIA Q2 2026 Revenue Results
Actual Revenue$17.37B
Expected Revenue$17.37B
Beat/MissBeat by +$5.30M
YoY Revenue Growth+17.06%
Earnings Announcement Details
QuarterQ2 2026
Date07/30/2026
TimeBefore Open
Conference CallThursday, July 30, 2026
MX:SAIA Upcoming Earnings
Saia's next earnings date is estimated for October 29, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:SAIA Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call was broadly positive: management reported a record quarter with strong revenue (+17.1% YoY), improving shipment and tonnage trends, operating income and EPS gains, service and safety improvements, successful network expansion and early pricing traction (10.7% renewals, 7.1% GRI). Offsetting pressures include sharply higher fuel and purchased transportation costs, wage inflation and a continued LA regional mix headwind that have raised cost per shipment and will temper near‑term operating ratio improvement. Management expects further improvement as network investments mature and pricing takes hold, while acknowledging short‑term volatility from fuel and GRI timing.Company Guidance
Record Quarterly Revenue and Strong Top-Line Growth
Q2 revenue of $956.5M, a record for any quarter and up 17.1% year‑over‑year.
Shipment and Tonnage Momentum
Shipments per workday increased 4.4% (record for a second quarter); tonnage per workday increased 8.4%. Monthly detail: April shipments +5.6%/tonnage +6.9%, May shipments +3.7%/tonnage +8.4%, June shipments +3.9%/tonnage +9.9%. July month‑to‑date shipments tracking +1% and tonnage +7.5% per day.
Improving Mix and Revenue per Shipment
Revenue per shipment excluding fuel surcharge rose 1.5% YoY to $303.12 (from $298.71). Revenue per shipment ex‑fuel improved ~4% inside the quarter (June vs April and June YoY). Adjusted core yield ex‑fuel up ~3% YoY after normalizing for weight/length‑of‑haul/LA mix headwinds.
Operating Income, Operating Ratio and EPS Improvement
Operating income increased ~26% YoY to $125M. Operating ratio improved to 86.9% from 87.8% a year ago (90 bps improvement YoY) and improved ~480 basis points sequentially from Q1. Diluted EPS was $3.51, up 31.5% YoY.
Service Quality and Safety Gains
Record low cargo claims ratio of 0.3%. Miles between preventable accidents improved by more than 45% YoY and hours between lost time injuries improved 17% YoY. Customer inquiry handling time improved 50% since decentralization.
Contractual Pricing and GRI Progress
Contractual renewals ~10.7% for June and the quarter. Company implemented a 7.1% GRI in early July with early indications of good acceptance and revenue realization.
Network Expansion and Capital Deployment
Opened 5 new terminals in Q2; terminals opened in 2023–24 operating in the low 90s and improved ~300 bps YoY. Since 2022 deployed ~$1B in real estate (33 new terminals, ~25 relocations/expansions; +25% operational door count) and ~$1B in fleet (≈20% increase in tractors/trailers).
Balance Sheet and Financial Flexibility
Ended quarter with $84M cash and reduced revolver; total debt outstanding $100M, strengthening liquidity and flexibility.
MX:SAIA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed