Granite Construction

Q2 FY2026 EarningsQ2 FY26 results beat consensus on both top and bottom lines: revenue reached $1.46B vs. $1.41B expected, while adjusted EPS of $2.16 outperformed the $2.15 mean estimate despite a GAAP net loss driven by $360M in convertible debt charges. The Construction segment led growth with a 29% YoY revenue increase, offsetting weather-related margin compression in the Materials segment. Management raised FY26 revenue guidance by $100M to a range of $5.3B-$5.5B, signaling sustained demand in public infrastructure and mission-critical data center projects.