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AI brief of an SEC Form 8-K · Granite Construction (GVA)

Granite Q3 revenue rises 23% to $1.8 billion; GAAP EPS falls to $0.07

Mixed Impact 4 of 5 earnings

Granite reported third-quarter 2026 revenue up 23% to $1.77 billion and adjusted diluted EPS of $3.81, versus $2.70 a year earlier. GAAP diluted EPS fell to $0.07 from $1.98 because of $162 million of non-operating charges from settling convertible note conversions in cash. The company also raised the low end of its 2026 revenue guidance and introduced 2029 financial targets.

Key points

  • Q3 revenue $1.77 billion, up from $1.43 billion; Q3 adjusted EBITDA $283 million, up 32%
  • Q3 GAAP net income attributable to Granite $3 million ($0.07 per diluted share) vs. $103 million ($1.98) a year earlier, after $162 million of net non-operating charges tied to 3.75% convertible notes
  • 2026 revenue guidance raised to $5.4 billion to $5.5 billion from $5.3 billion to $5.5 billion; other 2026 guidance unchanged
  • 2029 targets include organic revenue CAGR of 10% to 12% and adjusted EBITDA margin of 14% to 16%

The filing

CompanyGranite Construction (GVA)
Form8-K, current report
Filed with the SECOct 29, 2026, 6:45 AM ET
Accession number0000861459-26-000040

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 7, 2026, 11:17 PM ET, from this filing only.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.