Sign In
Buy GVA
Granite Construction Earnings Calls
| Release date | Jul 30, 2026 |
| EPS estimate | $2.25 |
| EPS actual | $2.16 |
| EPS Surprise | -4.00% |
| Revenue estimate | 1.412B |
| Revenue actual | 1.456B |
| Revenue Surprise | 3.11% |
| Release date | Apr 30, 2026 |
| EPS estimate | -$0.767 |
| EPS actual | -$0.96 |
| EPS Surprise | -25.22% |
| Revenue estimate | 782.261M |
| Revenue actual | 912.465M |
| Revenue Surprise | 16.64% |
| Release date | Feb 12, 2026 |
| EPS estimate | $1.34 |
| EPS actual | $1.40 |
| EPS Surprise | 4.48% |
| Revenue estimate | 1.148B |
| Revenue actual | 1.165B |
| Revenue Surprise | 1.54% |
| Release date | Nov 06, 2025 |
| EPS estimate | $2.56 |
| EPS actual | $2.70 |
| EPS Surprise | 5.47% |
| Revenue estimate | 1.148B |
| Revenue actual | 1.433B |
| Revenue Surprise | 24.91% |
Last 4 Quarters for Granite Construction
Below you can see how GVA performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Nov 06, 2025 |
| Price on release | $99.39 |
| EPS estimate | $2.56 |
| EPS actual | $2.70 |
| EPS surprise | 5.47% |
| Date | Price |
|---|---|
| Oct 31, 2025 | $102.91 |
| Nov 03, 2025 | $102.52 |
| Nov 04, 2025 | $102.40 |
| Nov 05, 2025 | $102.76 |
| Nov 06, 2025 | $99.39 |
| Nov 07, 2025 | $98.50 |
| Nov 10, 2025 | $100.11 |
| Nov 11, 2025 | $102.50 |
| Nov 12, 2025 | $102.47 |
| 4 days before | -3.42% |
| 4 days after | 3.10% |
| On release day | -0.90% |
| Change in period | -0.428% |
| Release date | Feb 12, 2026 |
| Price on release | $129.22 |
| EPS estimate | $1.34 |
| EPS actual | $1.40 |
| EPS surprise | 4.48% |
| Date | Price |
|---|---|
| Feb 06, 2026 | $130.18 |
| Feb 09, 2026 | $132.10 |
| Feb 10, 2026 | $132.91 |
| Feb 11, 2026 | $133.17 |
| Feb 12, 2026 | $129.22 |
| Feb 13, 2026 | $130.93 |
| Feb 17, 2026 | $128.61 |
| Feb 18, 2026 | $132.79 |
| Feb 19, 2026 | $133.59 |
| 4 days before | -0.737% |
| 4 days after | 3.38% |
| On release day | 1.32% |
| Change in period | 2.62% |
| Release date | Apr 30, 2026 |
| Price on release | $137.07 |
| EPS estimate | -$0.767 |
| EPS actual | -$0.96 |
| EPS surprise | -25.22% |
| Date | Price |
|---|---|
| Apr 24, 2026 | $123.37 |
| Apr 27, 2026 | $125.77 |
| Apr 28, 2026 | $124.99 |
| Apr 29, 2026 | $122.55 |
| Apr 30, 2026 | $137.07 |
| May 01, 2026 | $139.42 |
| May 04, 2026 | $137.54 |
| May 05, 2026 | $141.66 |
| May 06, 2026 | $142.38 |
| 4 days before | 11.10% |
| 4 days after | 3.87% |
| On release day | 1.71% |
| Change in period | 15.41% |
| Release date | Jul 30, 2026 |
| Price on release | $114.92 |
| EPS estimate | $2.25 |
| EPS actual | $2.16 |
| EPS surprise | -4.00% |
| Date | Price |
|---|---|
| Jul 24, 2026 | $124.47 |
| Jul 27, 2026 | $125.52 |
| Jul 28, 2026 | $121.31 |
| Jul 29, 2026 | $117.88 |
| Jul 30, 2026 | $114.92 |
| Jul 31, 2026 | $120.97 |
| Aug 03, 2026 | $124.07 |
| Aug 04, 2026 | $122.11 |
| Aug 05, 2026 | $123.33 |
| 4 days before | -7.67% |
| 4 days after | 7.32% |
| On release day | 5.26% |
| Change in period | -0.92% |
Granite Construction Earnings Call Transcript Summary of Q2 2026
Key points for investors:
- Strong top-line growth and backlog: Revenue rose 29% year-over-year to $1.5 billion in Q2. Construction backlog (CAP) reached a record $7.4 billion, up $250 million sequentially, driven by wins and the Kenny Seng acquisition (Kenny Seng CAP ~ $150M).
- Improved profitability and cash generation: Adjusted net income increased to $101 million and adjusted EBITDA to $186 million. Year-to-date operating cash flow was $142 million (vs. $5M prior year); company raised its annual operating cash flow target from 10% to 11% of revenue.
- Guidance and outlook: 2026 revenue guidance increased to $5.3–$5.5 billion. Organic revenue growth outlook for 2027 raised from 6–8% to above 10%, citing strong CAP visibility, healthy public/private markets, and robust bidding activity.
- Materials business: Aggregate and asphalt volumes rose (partly from acquisitions); aggregate pricing is tracking mid-single-digit increases. Q2 margins were pressured (gross profit margin down ~800 bps; cash gross profit margin down ~310 bps) due to severe weather in the Southeast (estimated ~$10M impact) and quarry/plant development costs (~$5M impact). Management expects volumes to shift later in the year and to be on track for margin recovery.
- Strategic diversification and growth markets: Management is expanding beyond core publicly funded transportation into federal work, Class 1 rail/intermodal, and data center site development (data center CAP increased from ~$65M a year ago to ~$225M). They launched a dedicated data center division and target ~10% of annual revenue from data center work over time.
- Capital structure and M&A: Company secured inaugural Moody’s and S&P ratings, issued $600M senior unsecured notes, and is settling/calling remaining 3.75% convertible notes. Nonoperating charges of $363M were recorded in Q2 related to the convertible notes (excluded from adjusted metrics); remaining debt discount of $270M will be recognized as interest in Q3. Management plans to use ~ $570M cash to settle most conversions (reducing adjusted diluted shares by ~2M) and remains active on disciplined M&A with a healthy pipeline. Management expects to complete additional acquisitions in 2026 and projects M&A spend in the near term in the low hundreds of millions (and a multi-year historical range of ~$300M–$800M).
