Granite Construction Incorporated (GVA)

Granite Construction beat consensus on both the top and bottom line in the second fiscal quarter of 2026, based on preliminary results reported July 30, as revenue and adjusted EPS both came in ahead of estimates. Revenue rose 29.3% to about $1.5 billion, topping the about $1.4 billion consensus by roughly 3%, with the Construction segment leading at about $1.2 billion, up 28.8%, while public work jumped 45.1% to roughly $946.2 million and Materials climbed 31.7% to about $248.4 million. Adjusted EPS came in at $6.36 versus a $2.25 estimate, about +183%, and was up 229.5% from $1.93 a year ago. Gross profit reached about $238.8 million, gross margin held near 16%, and operating margin was about 9% as operating income came to roughly $126.7 million. Granite also generated operating cash flow of $30.9 million and paid $5.7 million in dividends. Next-period consensus calls for EPS of $3.10 on revenue of $1.66 billion.