Why Is SAIA INC (SAIA) Stock Down Today?

Why SAIA stock is down today

SAIA stock fell 11.47% to $349.21 in early trading on July 30, 2026. The sharp decline followed the company's second quarter earnings report, which showed mixed performance and came after a -2.9% gap down at the open. The stock reached an intraday low of $349.14 before stabilizing slightly in the final minutes of the session.

What Happened

Saia, Inc. (SAIA) filed a Form 8-K with the SEC on July 30, disclosing its second quarter 2026 financial results. The report included diluted earnings per share of $3.51, which exceeded the $3.32 estimate but fell below the $3.39 consensus expected by analysts. The company reported revenue of $956.500 million, which beat the $951.296 million estimate. Despite the revenue beat, the stock opened with a significant gap down, suggesting investor disappointment or caution.

The earnings report was released before market open, and the session saw heavy early selling pressure. The stock traded as high as $390.00 at the open but quickly declined throughout the morning. Volume of 0.3 million shares was 0.7 times the 3-month average, indicating moderate participation. The report also triggered coverage from multiple outlets, including Business Insider and Benzinga, which highlighted the earnings beat and mixed analyst reactions.

What The Data Shows

SAIA has a market cap of $10.9 billion and a P/E ratio of 41.4, suggesting it remains a high-growth stock. The company reported a 0.3% year-to-date revenue increase and a net margin of 7.8%. However, its beta of 2.13 indicates it is more volatile than the broader market. Over the last 8 sessions, the stock had already declined 7.9% from $428.38 to $394.44. Recent insider transactions show one sale of $137,000 in the last 90 days, with no insider buying reported. Congressional trades show one buy in the last 90 days.

What To Watch

Saia has no upcoming earnings report scheduled beyond the July 30 announcement. Investors should monitor analyst coverage and any follow-up commentary from major banks, including Susquehanna and B of A Securities, which recently adjusted their price targets.