Filing Flows › Granite Construction (GVA) › Q2 2026
Granite Construction (GVA) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 30, 2026
Granite Construction (GVA) reported revenue of $1.5B for the second quarter 2026 (Q2 2026), +29% from a year earlier and +60% from the quarter before. Operating margin was 8.7%, net loss $272M (18.7% of revenue).
Granite Construction, Q2 2026: revenue $1.5B (+29% year over year), operating margin 8.7%, net loss $272M, operating cash flow $172M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.5B | +60% | +29% |
| Operating profit | $127M | — | +22% |
| Net earnings | −$272M | — | -479% |
| Operating cash flow | $172M | — | 96× |
| Free cash flow | $143M | — | — |
What changed
Revenue was $1.5B in Q2 2026, up 29% year over year and up 60% from the previous quarter. Construction was the largest line at 83% of revenue. Construction added $0.27B year over year (up 29%), 82% of the total change.
Gross margin was 16.4%, down 1.3 points from Q2 2025. Operating profit was $0.13B, a 8.7% margin (down 0.5 points year over year). Of the extra revenue versus Q2 2025, 7% reached operating profit, below the 9% margin then. Operating expenses grew 17% against revenue growth of 29%. The fastest-growing cost line was SG&A (+26%). The quarter ended with a net loss of $0.27B, wider than the previous quarter's $0.04B loss. Net interest and other expense of $0.37B was the main reason.
Operating cash flow was $0.17B (up 9527% year over year). Non-cash charges added back $0.05B of depreciation and amortization and $2.7M of share-based compensation. Working capital and other items added $0.39B. Capital expenditures of $0.03B left free cash flow of $0.14B.
Questions
What was Granite Construction's revenue in the second quarter 2026?
Granite Construction (GVA) reported revenue of $1.5B for the second quarter 2026 (Q2 2026), +29% from a year earlier and +60% from the quarter before.
Was Granite Construction profitable in the second quarter 2026?
Operating profit was $127M (8.7% of revenue) and net loss $272M.