Granite Construction Reports Strong Q1, Boosts Full-Year Revenue and Profit Outlook
GVA sits 67% above its 52-week low of $76.57.
Summary
Granite Construction reported strong Q1 2026 results with significant revenue and adjusted EBITDA growth, leading to a raised full-year guidance for revenue and adjusted EBITDA margin.
Key Events · Earnings and Guidance · GVA
-
Strong Q1 Financial Performance
Q1 revenue increased 30% year-over-year to $912 million, and adjusted EBITDA surged 106% to $58 million, demonstrating significant operational improvement.
-
Raised Full-Year Guidance
The company raised its 2026 fiscal year revenue guidance to a range of $5.2 billion to $5.4 billion (from $4.9B-$5.1B) and increased its adjusted EBITDA margin outlook to 12.25%-13.25% (from 12.0%-13.0%).
-
Record Project Backlog
Committed and Awarded Projects (CAP) reached a new record of $7.2 billion, up $200 million sequentially and $1.4 billion year-over-year, indicating strong future revenue visibility.
-
Strategic Acquisition Completed
Granite completed the acquisition of Kenny Seng Construction on April 23, 2026, expanding its vertically-integrated home market in Utah and contributing to the raised guidance.
Analysis · GVA · Real Estate & Construction
Granite Construction reported robust first-quarter results, significantly increasing revenue and adjusted EBITDA year-over-year. The company's strategic acquisition of Kenny Seng Construction and strong project backlog (CAP) contributed to this performance. Management's decision to raise full-year guidance for revenue, adjusted EBITDA margin, and lower SG&A expense as a percentage of revenue signals confidence in continued operational execution and market demand. This positive outlook, despite a GAAP net loss, highlights the company's underlying strength and growth trajectory in its core construction and materials segments.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 29.2% of the 1496 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.63%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, GVA was trading at $128.25 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $5.3B. The 52-week trading range was $76.57 to $137.24. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.