Granite Construction posts Q3 2026 earnings beat and lifts full‑year revenue outlook
Granite Construction reported third‑quarter 2026 revenue of $1.77 billion, up about 23% year‑over‑year, and adjusted earnings of $3.81 per share, beating analyst forecasts. Net income fell to $3.21 million, resulting in diluted EPS of $0.07. The company raised its FY2026 revenue guidance to $5.4 billion‑$5.5 billion and said committed and awarded projects now total roughly $7.5 billion.
Why it matters
The raised revenue guidance signals higher expected sales for the year, which could support the stock price (the company noted the guidance increase in its earnings release). Analysts had expected $3.40 EPS and $1.70 billion revenue, so the beat and outlook upgrade may improve investor sentiment.
Key facts
- 1Adjusted EPS for Q3 2026 was $3.81, beating the $3.40 estimate. investing.com
- 2Quarterly revenue was $1.77 billion, a 23% YoY increase. investing.com
- 3Diluted EPS was $0.07, down from $1.98 a year earlier. tradingview.com
- 4Net income fell to $3.21 million from $102.93 million a year earlier. tradingview.com
- 5Full‑year 2026 revenue guidance was raised to $5.4 billion‑$5.5 billion. investing.com
- 6Committed and awarded projects total $7.5 billion. finance.yahoo.com
Summary written by AlphAI AI Desk from 8 of 8 sources. Not investment advice. Figures are as stated by the linked sources.