Jun 2026 (Q2 FY26) — Jul 30, 2026
Granite Construction Q2 FY26 — Record CAP and Raised Revenue Guidance
Read the full callGranite Construction earnings: last reported Thu, 30 Jul 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 1,456 | +29.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 8.7 | −0.5 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | -278 | −488.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Price
1Y: $105.03 on 17 Oct 2025 → $111.74. High $160.39 (26 Jun 2026), low $98.5 (7 Nov 2025).
Overview
Call summaries
Granite Construction Q2 FY26 — Record CAP and Raised Revenue Guidance
Read the full callGranite Q1 FY26 — Strong Start, Raised Guidance, and Strategic Acquisitions
Read the full callEvery analysed call
Financials
Net profit, year on year: −488% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,276 | 977 | 700 | 1,126 | 1,433 | 1,165 | 912 | 1,456 |
| Operating profit | 104 | 61 | -40 | 104 | 144 | 75 | -31 | 127 |
| Operating margin | 8.2% | 6.2% | −5.7% | 9.2% | 10.0% | 6.4% | −3.4% | 8.7% |
| Other income | 5 | 6 | -0 | 4 | 4 | -1 | -17 | -366 |
| Interest | 8 | 8 | 8 | 8 | 13 | 18 | 16 | 22 |
| Profit before tax | 109 | 66 | -40 | 108 | 148 | 74 | -49 | -239 |
| Tax rate | 23.3% | 28.9% | 29.3% | 25.3% | 25.9% | 20.2% | 25.0% | −13.5% |
| Net profit | 79 | 41 | -34 | 72 | 103 | 52 | -42 | -278 |
| EPS ($ per share) | 1.81 | — | -0.77 | 1.64 | 2.35 | — | -0.96 | -6.36 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | 679 | 594 | 425 | 411 | 481 | 502 | 605 | 775 |
| Total liabilities | 1,138 | 1,324 | 1,388 | 1,499 | 1,183 | 1,787 | 1,946 | 2,809 |
| Fixed assets | 550 | 542 | 421 | 434 | 509 | 663 | 716 | 1,261 |
| Investments | — | — | — | 0 | 39 | 36 | 7 | 71 |
| Total assets | 2,427 | 2,502 | 2,380 | 2,495 | 2,168 | 2,814 | 3,026 | 4,030 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 86 | 111 | 268 | 22 | 56 | 184 | 456 | 469 |
| Cash from investing | -40 | -40 | -41 | -21 | -11 | -359 | -229 | -994 |
| Cash from financing | -2 | -82 | -58 | -24 | -164 | 299 | -67 | 476 |
| Net cash flow | 45 | -11 | 170 | -24 | -120 | 124 | 161 | -49 |
| Capital expenditure | -111 | -107 | -93 | -95 | -122 | -140 | -136 | -138 |
| Free cash flow | -25 | 5 | 175 | -73 | -66 | 43 | 320 | 331 |
Constructions shrank from 85% to 83% of revenue over the last two years.
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Constructions | 85% | 84% | 88% | 83% | 81% | 81% | 84% | 83% | +28.8% |
| Materials | 15% | 16% | 12% | 17% | 19% | 19% | 16% | 17% | +31.7% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
69 filings between Nov 5, 2025 and Aug 6, 2026.
Purchases
$156.6K
4 purchases by 2 insiders
Sales
$9.71M
16 sales by 6 insiders
75% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Larkin Kyle T | — | $5.43M | Mar 30, 2026 |
| Tatusko Michael G | — | $1.06M | Jun 8, 2026 |
| Williams Bradley Jay | — | $949.5K | Jun 8, 2026 |
| Mastin Celeste Beeks | — | $801.3K | Nov 24, 2025 |
| WOOLSEY STACI M | — | $752.2K | Mar 27, 2026 |
| Dowd Brian R | — | $726.1K | Mar 27, 2026 |
| Romer John Timothy | $107.0K | — | Jun 15, 2026 |
| HERNANDEZ CARLOS M | $49.6K | — | Aug 6, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Aug 6, 2026 | NASH GEORGE Director | Award | 993 | $0 |
| Aug 6, 2026 | HERNANDEZ CARLOS M Director | Purchase | 400 | $49.6K |
| Jun 15, 2026 | Romer John Timothy Director | Purchase | 273 | $39.1K |
| Jun 15, 2026 | Romer John Timothy Director | Purchase | 102 | $14.7K |
| Jun 12, 2026 | Romer John Timothy Director | Purchase | 375 | $53.2K |
| Jun 8, 2026 | CALDERA LOUIS E Director | Award | 1,036 | $0 |
| Jun 8, 2026 | McNally Michael F Director | Award | 1,501 | $0 |
| Jun 8, 2026 | HERNANDEZ CARLOS M Director | Award | 1,036 | $0 |
| Jun 8, 2026 | Mullen Laura M Director | Award | 1,036 | $0 |
| Jun 8, 2026 | Krusi Alan Director | Award | 1,036 | $0 |
| Jun 8, 2026 | Mastin Celeste Beeks Director | Award | 1,036 | $0 |
| Jun 8, 2026 | CAMPBELL MOLLY Director | Award | 1,036 | $0 |
| Jun 8, 2026 | Romer John Timothy Director | Award | 1,036 | $0 |
| Jun 8, 2026 | Williams Bradley Jay Senior Vice President | Sale | 6,734 | $949.5K |
| Jun 8, 2026 | Tatusko Michael G Senior Vice President | Sale | 7,500 | $1.06M |
| Mar 30, 2026 | Larkin Kyle T President & CEO | Sale 10b5-1 plan | 300 | $35.6K |
| Mar 30, 2026 | Larkin Kyle T President & CEO | Sale 10b5-1 plan | 8,290 | $965.5K |
| Mar 30, 2026 | Larkin Kyle T President & CEO | Sale 10b5-1 plan | 1,588 | $185.9K |
| Mar 30, 2026 | Larkin Kyle T President & CEO | Sale 10b5-1 plan | 1,846 | $213.6K |
| Mar 27, 2026 | Dowd Brian R Senior Vice President | Sale 10b5-1 plan | 2,025 | $240.1K |
| Mar 27, 2026 | Larkin Kyle T President & CEO | Sale 10b5-1 plan | 13,066 | $1.54M |
| Mar 27, 2026 | Dowd Brian R Senior Vice President | Sale 10b5-1 plan | 4,050 | $486.0K |
| Mar 27, 2026 | WOOLSEY STACI M Chief Financial Officer | Sale 10b5-1 plan | 3,501 | $415.1K |
| Mar 27, 2026 | Larkin Kyle T President & CEO | Sale 10b5-1 plan | 12,285 | $1.45M |
| Mar 27, 2026 | Larkin Kyle T President & CEO | Sale 10b5-1 plan | 1,300 | $154.9K |
| Mar 23, 2026 | WOOLSEY STACI M Chief Financial Officer | Tax withheld | 3,090 | $369.7K |
| Mar 23, 2026 | Tatusko Michael G Senior Vice President | Tax withheld | 1,512 | $180.9K |
| Mar 23, 2026 | Tatusko Michael G Senior Vice President | Tax withheld | 3,469 | $415.1K |
| Mar 23, 2026 | Larkin Kyle T President & CEO | Tax withheld | 12,157 | $1.45M |
| Mar 23, 2026 | WOOLSEY STACI M Chief Financial Officer | Tax withheld | 1,346 | $161.0K |
| Mar 23, 2026 | Dowd Brian R Senior Vice President | Tax withheld | 1,737 | $207.8K |
| Mar 23, 2026 | Williams Bradley Jay Senior Vice President | Tax withheld | 533 | $63.8K |
| Mar 23, 2026 | Dowd Brian R Senior Vice President | Tax withheld | 3,986 | $476.9K |
| Mar 23, 2026 | Williams Bradley Jay Senior Vice President | Tax withheld | 3,148 | $376.7K |
| Mar 23, 2026 | Dowd Brian R Senior Vice President | Tax withheld | 632 | $75.6K |
| Mar 23, 2026 | Larkin Kyle T President & CEO | Tax withheld | 27,905 | $3.34M |
| Mar 23, 2026 | Williams Bradley Jay Senior Vice President | Tax withheld | 1,372 | $164.2K |
| Mar 19, 2026 | WOOLSEY STACI M Chief Financial Officer | Sale 10b5-1 plan | 1,523 | $182.5K |
| Mar 19, 2026 | Larkin Kyle T President & CEO | Sale 10b5-1 plan | 7,314 | $876.5K |
| Mar 14, 2026 | Tatusko Michael G Senior Vice President | Tax withheld | 275 | $33.2K |
| Mar 14, 2026 | Tatusko Michael G Senior Vice President | Tax withheld | 371 | $44.8K |
| Mar 14, 2026 | Estes Bradly J Senior Vice President | Tax withheld | 201 | $24.3K |
| Mar 14, 2026 | Larkin Kyle T President & CEO | Tax withheld | 2,525 | $304.8K |
| Mar 14, 2026 | Tatusko Michael G Senior Vice President | Tax withheld | 234 | $28.3K |
| Mar 14, 2026 | Larkin Kyle T President & CEO | Tax withheld | 2,073 | $250.3K |
| Mar 14, 2026 | WOOLSEY STACI M Chief Financial Officer | Tax withheld | 330 | $39.8K |
| Mar 14, 2026 | Larkin Kyle T President & CEO | Tax withheld | 2,982 | $360.0K |
| Mar 14, 2026 | WOOLSEY STACI M Chief Financial Officer | Tax withheld | 316 | $38.2K |
| Mar 14, 2026 | WOOLSEY STACI M Chief Financial Officer | Tax withheld | 375 | $45.3K |
| Mar 13, 2026 | Tatusko Michael G Senior Vice President | Award | 8,814 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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