Filing Flows › Granite Construction (GVA) › Guidance history
Granite Construction (GVA) guidance history: what it guided and what it reported
Granite Construction gave guidance in 12 earnings releases on file since Feb 22, 2024. Of 2 guided periods since reported, it met or beat its own guidance twice (100%). Revenue: 2 of 2, on average +1.0% against the guided midpoint. Its releases raised guidance 7 times and lowered it 3 times.
Revenue
Met or beat 2 of 2 periods (1 above, 1 within, 0 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $4.9B–$5.1B (Feb 12, 2026) → raised $5.2B–$5.4B (Apr 30, 2026) → raised $5.3B–$5.5B (Jul 30, 2026) → raised $5.4B–$5.5B (Oct 29, 2026) | — | to be reported | — |
| FY2025 | $4.2B–$4.4B (Feb 13, 2025) → reaffirmed $4.2B–$4.4B (May 1, 2025) → raised $4.3B–$4.5B (Aug 7, 2025) → lowered $4.3B–$4.5B (Nov 6, 2025) | $4.4B | within the range | +0.6% |
| FY2024 | $3.8B–$4.0B (Feb 22, 2024) → reaffirmed $3.8B–$4.0B (May 2, 2024) → raised $3.9B–$4.0B (Aug 1, 2024) → reaffirmed $3.9B–$4.0B (Oct 31, 2024) | $4.0B | above the range | +1.5% |
Capital expenditures
The GAAP figure from the filings is shown for each period reported; it is not judged against the guide, which may leave items out (one-off payments, acquisitions).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $140M–$160M (Feb 12, 2026) → reaffirmed $140M–$160M (Apr 30, 2026) → reaffirmed $140M–$160M (Jul 30, 2026) → reaffirmed $140M–$160M (Oct 29, 2026) | — | to be reported | — |
| FY2025 | $140M–$160M (Feb 13, 2025) → reaffirmed $140M–$160M (May 1, 2025) → reaffirmed $140M–$160M (Aug 7, 2025) → lowered $130M (Nov 6, 2025) | $138M (GAAP) | not judged | — |
| FY2024 | $130M–$150M (Feb 22, 2024) → reaffirmed $130M–$150M (Aug 1, 2024) → lowered $130M (Oct 31, 2024) | $136M (GAAP) | not judged | — |
Operating cash flow
The GAAP figure from the filings is shown for each period reported; it is not judged against the guide, which may leave items out (one-off payments, acquisitions).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2025 | $4.0M (May 1, 2025) | $469M (GAAP) | not judged | — |
Adjusted EBITDA margin
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2029 | 14.0%–16.0% (Oct 29, 2026) | — | to be reported | — |
| FY2026 | 12.0%–13.0% (Feb 12, 2026) → raised 12.2%–13.2% (Apr 30, 2026) → reaffirmed 12.2%–13.2% (Jul 30, 2026) → reaffirmed 12.2%–13.2% (Oct 29, 2026) | — | to be reported | — |
| FY2025 | 11.0%–12.0% (Feb 13, 2025) → reaffirmed 11.0%–12.0% (May 1, 2025) → raised 11.2%–12.2% (Aug 7, 2025) → raised 11.5%–12.5% (Nov 6, 2025) | — | — | — |
| FY2024 | 9.0%–11.0% (Feb 22, 2024) → raised 9.5%–11.5% (May 2, 2024) → reaffirmed 9.5%–11.5% (Aug 1, 2024) → reaffirmed 10.0%–11.0% (Oct 31, 2024) | — | — | — |
The latest quarter
Granite Construction, Q3 2026: revenue $1.8B (+23% year over year), operating margin 12.7%, net earnings $3.2M, operating cash flow $263M. The chart follows the revenue to costs, profit and cash.
Questions
Does Granite Construction beat its guidance?
Granite Construction gave guidance in 12 earnings releases on file since Feb 22, 2024. Of 2 guided periods since reported, it met or beat its own guidance twice (100%). Revenue: 2 of 2, on average +1.0% against the guided midpoint.
How often does Granite Construction raise guidance?
Its earnings releases raised guidance 7 times and lowered it 3 times since Feb 22, 2024.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.