Short answer
GRANITE CONSTRUCTION INC (GVA) filed its Q2 2026 10-Q quarterly report on Jul 30, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $1.5B (up 29.3% year over year) with net income of −$278M.
Q2 2026 key financials · XBRL
- Revenue
- $1.5B
- +29.3% YoY · +59.6% QoQ
- Net income
- −$278M
- −488.0% YoY · −567.1% QoQ
- Operating margin
- 8.7%
- Gross margin
- 16.4%
- EPS (diluted)
- −$6.37
- −495.7% YoY · −563.5% QoQ
Source: XBRL data from the GRANITE CONSTRUCTION INC (GVA) Q2 2026 10-Q on SEC EDGAR. USD.
GRANITE CONSTRUCTION INC Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $1.456B, up 29.3% YoY from $1.126B
- Total gross margin 16.4% vs 17.7% YoY
- Construction best performer: revenue $1.207B, up 28.8%; margin 16.5% vs 16.4%
- Materials weakest: gross profit $40.1M vs $45.4M; margin 16.1% vs 24.1%
- Cash and securities $931.5M vs $649.8M; $600.0M senior notes issued for convertible-note settlements
Risk Factors
- Convertible-derivative volatility risk: remeasurement losses reached $356.7 million in Q2 and $363.5 million year-to-date
- Financial risk: new $600 million 6.375% senior notes due 2034 issued June 2, 2026
- Equity-market risk: common-stock price fluctuations materially affect derivative liability fair value and operating results
- Compliance risk: mine-safety violations and regulatory matters remain subject to Dodd-Frank Section 1503 disclosure requirements
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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