Filing Flows › Granite Construction (GVA) › Q3 2026
Granite Construction (GVA) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 29, 2026
Granite Construction (GVA) reported revenue of $1.8B for the third quarter 2026 (Q3 2026), +23% from a year earlier and +21% from the quarter before. Operating margin was 12.7%, net earnings $3.2M (0.2% of revenue).
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.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.8B | +21% | +23% |
| Gross profit | $336M | +41% | +29% |
| Operating profit | $224M | +77% | +56% |
| Net earnings | $3.2M | — | -97% |
| Operating cash flow | $263M | +52% | -8% |
| Free cash flow | $229M | +60% | -11% |
What changed
Revenue was $1.8B in Q3 2026, up 23% year over year and up 21% from the previous quarter. Construction was the largest line at 83% of revenue. Construction added $0.31B year over year (up 27%), 94% of the total change.
Gross margin was 19.0%, up 0.8 points from Q3 2025. Operating profit was $0.22B, a 12.7% margin (up 2.7 points year over year). Of the extra revenue versus Q3 2025, 24% reached operating profit, above the 10% margin then. Operating expenses fell 5% while revenue rose 23%. Net earnings were $3.2M, down 97% year over year. The effective tax rate was 84.5%.
Operating cash flow was $0.26B (down 8% year over year), 2528% of net income including minority interests. Non-cash charges added back $0.05B of depreciation and amortization and $2.7M of share-based compensation. Working capital and other items added $0.20B. Capital expenditures of $0.03B left free cash flow of $0.23B.
Questions
What was Granite Construction's revenue in the third quarter 2026?
Granite Construction (GVA) reported revenue of $1.8B for the third quarter 2026 (Q3 2026), +23% from a year earlier and +21% from the quarter before.
Was Granite Construction profitable in the third quarter 2026?
Operating profit was $224M (12.7% of revenue) and net earnings $3.2M.