Granite Q2 FY26 turns to net loss of $278 million; revenue rises 29.3% to $1.46 billion - GVA News | RalliesGranite Q2 FY26 turns to net loss of $278 million; revenue rises 29.3% to $1.46 billion
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GVA• Quarterly results
- Granite Construction posted a net loss attributable to shareholders of $278 million, or $(6.36) per diluted share, in Q2 2026.
- Revenue climbed 29.3% to $1.46 billion; operating income rose to $126.81 million.
- Adjusted EBITDA (non-GAAP) increased 22.02% to $185.93 million.
- Results reflected a $360 million loss on convertible debt transactions tied to the 3.75% convertible notes.
- 2026 revenue guidance was raised to $5.3 billion-$5.5 billion; adjusted EBITDA margin outlook stayed at 12.25%-13.25%.
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