By the Top Tier Newswire AI Desk · July 31, 2026 at 12:18 AM ET · reviewed against 1 wire stories
SAIA INC (SAIA) is drawing unusual attention today. Our newswire has captured 1 story on SAIA across 1 source in the last 36 hours, with AI sentiment reading bullish (avg 67/100).
Why SAIA stock is down today
SAIA stock fell 11.11% to $350.63 in early trading on July 31, 2026, following the release of its Q2 2026 earnings report and a cautious outlook for the third quarter. The company outlined an expected degradation in operating ratio (OR) by approximately 100 basis points sequentially, despite reporting record revenue of $956 million and a 7.1% July General Rate Increase (GRI). The stock has declined 18.8% over the past eight sessions, reflecting investor concerns about near-term profitability.
What Happened
Saia, Inc. reported second quarter 2026 earnings with diluted earnings per share of $3.51, up from $2.67 in the same period in 2025. Revenue for the quarter reached $956.5 million, exceeding estimates. However, the company warned of a projected 100 basis points sequential decline in operating ratio for Q3. This came as part of its Q2 earnings call on July 30, 2026, where CFO Matthew Batteh and CEO Frederick Holzgrefe outlined the impact of the Saia REV rollout and ongoing GRI initiatives. An SEC Form 8-K filed on the same day detailed the company’s results and financial statements, confirming the earnings beat but highlighting the near-term headwinds.
What The Data Shows
The stock has moved down from a 52-week high of $494.71 to its current level of $350.63, representing a significant correction. With a beta of 2.13, SAIA is more volatile than the broader market. The company’s net margin of 7.8% and a price-to-earnings ratio of 41.4 suggest a premium valuation, which may have been challenged by the Q3 guidance. Additionally, recent insider transactions show one sale totaling $137,000 by EVP Norwood Anthony R on May 20, 2026, while no insider purchases have been reported in the last 90 days.
What To Watch
Investors should monitor the company’s Q3 performance and how it manages the projected OR degradation. The stock is currently trading at a 28.1% discount from its 52-week high, and coverage from analysts remains mixed, with recent price targets ranging from $470 to $502.
AI-assisted analysis composed exclusively from headlines and data on the Top Tier newswire. Public view is delayed 4 hours from real time. Not financial advice.