---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-194062"
form_type: "8-K"
ticker: "SAIA"
cik: "0001177702"
company_name: "SAIA INC"
filed_at: "2026-04-30T23:59:59+00:00"
generated_at: "2026-05-15T00:33:40.523927+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Saia Q1 EPS flat at $1.86; revenue up 2.4% to $806.2M; op ratio worsens

## Summary
- Revenue $806.2M (+2.4%); operating income $66.8M (-4.8%); operating ratio 91.7% vs 91.1%.
- LTL shipments per workday +1.0%, tonnage -2.1%; rev/cwt ex-fuel +1.9%, rev/shipment ex-fuel -1.2%.
- Cash $39.2M, total debt $112.8M; net capex $63.7M in Q1 vs $202.1M year ago.
- Capital expenditure guidance maintained at $350M-$400M for full year 2026.
- Claims ratio improved to 0.5%; shipments grew in both legacy and ramping terminals.

## SEC filing metadata
- accession: 0001193125-26-194062
- form_type: 8-K
- ticker: SAIA
- cik: 0001177702
- company_name: SAIA INC
- filed_at: 2026-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1177702/000119312526194062/0001193125-26-194062-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1177702/000119312526194062/saia-20260430.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-194062
- JSON: https://secwatch.observer/filing/0001193125-26-194062.json
- Plain text: https://secwatch.observer/filing/0001193125-26-194062.txt

## Key facts
- Earnings Releases
  SAIA INC reported first quarter 2026 results: revenue $806.2 million, EPS $1.86.
  - Period: first quarter 2026
  - Revenue: $806.2 million
  - EPS: $1.86
  - Result: reported results
  source text: Saia, Inc. (Nasdaq: SAIA) today reported first quarter 2026 financial results. For both the first quarter of 2026 and 2025 diluted earnings per share were $1.86. Highlights from the first quarter operating results were as follows: First Quarter 2026 Compared to First Quarter 2025 Results • Revenue was $806.2 million, a 2.4% increase • Operating income was $66.8 million, a 4.8% decrease
  evidence_url: https://www.sec.gov/Archives/edgar/data/1177702/000119312526194062/0001193125-26-194062-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.