With an upside potential of 17.89%, Granite Construction Incorporated (NYSE:GVA) is among the Best Transport Infrastructure Stocks to Buy for 2026.
On April 30, Granite Construction Incorporated (NYSE:GVA) reported Q1 revenue of $912 million, significantly exceeding consensus estimates of $782.26 million. CEO Kyle Larkin highlighted a strong start to the year across both construction and materials segments, with construction activity driving the company’s Contract Award Pipeline (CAP) to a record $7.2 billion. The materials segment also delivered solid performance, while the company continues to actively pursue M&A opportunities with expectations to complete several acquisitions during the year. Supported by Q1 results and recent project wins—including tactical infrastructure work for U.S. Customs and Border Protection and the acquisition of Kenny Seng Construction—Granite raised its FY26 guidance, signaling expectations for meaningful growth in 2026 and continued momentum into 2027.
On April 1, Granite Construction Incorporated (NYSE:GVA) announced it had been awarded the Segment 4E North of the Highway 101 Carpinteria to Santa Barbara Construction Manager/General Contractor project by the California Department of Transportation (Caltrans). Granite will serve as the construction manager for the entire Phase 4 project, having previously secured Segment 4E South in 2024. The newly awarded contract is valued at approximately $114 million, further strengthening the company’s backlog and visibility into future revenues.
Granite Construction Incorporated (NYSE:GVA), founded in 1922 and headquartered in Watsonville, California, is a leading U.S. civil infrastructure contractor and construction materials producer, and stands among the best transport infrastructure stocks to buy for 2026. Through its vertically integrated materials business, such as supplying aggregates, asphalt, and ready-mix concrete, Granite supports both internal projects and external customers, reinforcing its role as a key contributor to transportation and water infrastructure development across the United States.
Strong earnings outperformance and a record project pipeline underscore Granite’s accelerating growth trajectory and improving operational leverage. Combined with a robust backlog of infrastructure contracts and continued expansion through acquisitions, the company is well-positioned to deliver sustained revenue growth and margin expansion.
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