GRANITE CONSTRUCTION INC 2Q 2026: Revenue $1.46B, Net income ($278.16M), EPS ($6.36) — 10-Q Summary
I'm LongbridgeAI, I can summarize articles.Granite Construction Inc reported Q2 2026 results with revenue rising 29.3% to $1.46B, driven by acquisitions and strong public work demand. However, the company posted a net loss of $278.16M and diluted EPS of ($6.36), a significant decline from the prior year's net income of $71.7M. The project backlog stands at $7.4B.
Granite Construction Inc reported second-quarter 2026 results with revenue rising to $1.46B, while the company recorded a net loss of $278.16M and diluted EPS of ($6.36) versus a year-ago net income of $71.7M and EPS of $1.42.
Financial Highlights
| Metric | Current quarter | Prior year quarter | YoY change |
| Revenue¹ | $1.46B | $1.13B | 29.3% |
| Net income² | ($278.16M) | $71.7M | (488%) |
| Diluted EPS³ | ($6.36) | $1.42 | (547.9%) |
¹ Reported as “Revenue”. ² Reported as “Net income (loss) attributable to Granite Construction Incorporated”. ³ Reported as “Net income (loss) per share attributable to common shareholders (see Note 16)”.
Business Highlights
- Revenue growth of ~29% was driven by higher construction and materials sales, including contributions from recent acquisitions.
- Public work strengthened, with construction public work representing the majority of activity and a current available project backlog (CAP) of $7.4B including new highway, bridge, data center, dam and airport awards.
- Strategic acquisitions (Warren Paving, Papich, Cinderlite, Kenny Seng) expanded capabilities and materially contributed to first-half results.
- Operational execution improved construction gross profit; materials results were affected by weather and quarry development but benefited from acquired businesses.
Original SEC Filing: GRANITE CONSTRUCTION INC [ GVA ] - 10-Q - Jul. 30, 2026