The projects with increases from revisions in estimates, which individually had an impact of $5.0 million or more on gross profit, are summarized as follows (dollars in millions, except per share data): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
June 30, | | Six Months Ended
June 30, | | | | 2026 | | | 2025 | | | 2026 | | | 2025 | | Number of projects with upward estimate changes | | | 3 | | | | 1 | | | | 4 | | | | 3 | | | Range of increase in gross profit, net | | $ | 5.6 - 11.4 | | $ | 6.8 | | | $ | 5.6 - 11.4 | | $ | 6.3 - 9.8 | | Increase to project profitability, net | | $ | 24.7 | | | $ | 6.8 | | | $ | 30.9 | | | $ | 22.9 | | | Increase to net income | | $ | 18.3 | | | $ | 5.1 | | | $ | 22.9 | | | $ | 17.1 | | | Amounts attributable to non-controlling interests | | $ | — | | | $ | — | | | $ | 2.5 | | | $ | — | | | Increase to net income attributable to Granite Construction Incorporated | | $ | 18.3 | | | $ | 5.1 | | | $ | 20.3 | | | $ | 17.1 | | | Increase to net income per diluted share attributable to common shareholders | | $ | 0.42 | | | $ | 0.10 | | | $ | 0.47 | | | $ | 0.33 | |
The projects with decreases from revisions in estimates, which individually had an impact of $5.0 million or more on gross profit, are summarized as follows (dollars in millions, except per share data): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
June 30, | | Six Months Ended
June 30, | | | | 2026 | | | 2025 | | | 2026 | | | 2025 | | Number of projects with downward estimate changes | | | 1 | | | | 1 | | | | 1 | | | | 2 | | | Range of reduction in gross profit, net | | $ | 10.7 | | | $ | 5.4 | | | $ | 14.2 | | | $ | 6.8 - 14.3 | | Decrease to project profitability, net | | $ | 10.7 | | | $ | 5.4 | | | $ | 14.2 | | | $ | 21.1 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Decrease to net income attributable to Granite Construction Incorporated | | $ | 8.0 | | | $ | 4.1 | | | $ | 10.5 | | | $ | 15.8 | | | Decrease to net income per diluted share attributable to common shareholders | | $ | 0.18 | | | $ | 0.08 | | | $ | 0.24 | | | $ | 0.30 | |
|