<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/ownership" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>144/A</submissionType>
    <previousAccessionNumber>0001949846-26-000511</previousAccessionNumber>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0001864850</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <issuerInfo>
      <issuerCik>0000716314</issuerCik>
      <issuerName>GRAHAM CORP</issuerName>
      <secFileNumber>001-08462</secFileNumber>
      <issuerAddress>
        <com:street1>20 FLORENCE AVE</com:street1>
        <com:city>BATAVIA</com:city>
        <com:stateOrCountry>NY</com:stateOrCountry>
        <com:zipCode>14020</com:zipCode>
      </issuerAddress>
      <issuerContactPhone>5853432216</issuerContactPhone>
      <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>Thoren Daniel J.</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
      <relationshipsToIssuer>
        <relationshipToIssuer>Officer</relationshipToIssuer>
        <relationshipToIssuer>Director</relationshipToIssuer>
      </relationshipsToIssuer>
    </issuerInfo>
    <securitiesInformation>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <brokerOrMarketmakerDetails>
        <name>Charles Schwab Corp</name>
        <address>
          <com:street1>3000 Schwab Way</com:street1>
          <com:city>Westlake</com:city>
          <com:stateOrCountry>TX</com:stateOrCountry>
          <com:zipCode>76262</com:zipCode>
        </address>
      </brokerOrMarketmakerDetails>
      <noOfUnitsSold>50000</noOfUnitsSold>
      <aggregateMarketValue>5586000.00</aggregateMarketValue>
      <noOfUnitsOutstanding>11737033</noOfUnitsOutstanding>
      <approxSaleDate>08/13/2026</approxSaleDate>
      <securitiesExchangeName>NYSE</securitiesExchangeName>
    </securitiesInformation>
    <securitiesToBeSold>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <acquiredDate>06/01/2021</acquiredDate>
      <natureOfAcquisitionTransaction>Merger with Barber-Nichols LLC</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>50000</amountOfSecuritiesAcquired>
      <paymentDate>06/01/2021</paymentDate>
      <natureOfPayment>Merger</natureOfPayment>
    </securitiesToBeSold>
    <nothingToReportFlagOnSecuritiesSoldInPast3Months>N</nothingToReportFlagOnSecuritiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>DANIEL J. THOREN</name>
        <address>
          <com:street1>20 FLORENCE AVE</com:street1>
          <com:city>BATAVIA</com:city>
          <com:stateOrCountry>FL</com:stateOrCountry>
          <com:zipCode>14020</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <saleDate>06/23/2026</saleDate>
      <amountOfSecuritiesSold>15000</amountOfSecuritiesSold>
      <grossProceeds>1652200.02</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>DANIEL J. THOREN</name>
        <address>
          <com:street1>20 FLORENCE AVE</com:street1>
          <com:city>BATAVIA</com:city>
          <com:stateOrCountry>FL</com:stateOrCountry>
          <com:zipCode>14020</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <saleDate>06/24/2026</saleDate>
      <amountOfSecuritiesSold>5000</amountOfSecuritiesSold>
      <grossProceeds>575190.51</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>DANIEL J. THOREN</name>
        <address>
          <com:street1>20 FLORENCE AVE,</com:street1>
          <com:city>BATAVIA</com:city>
          <com:stateOrCountry>FL</com:stateOrCountry>
          <com:zipCode>14020</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <saleDate>06/25/2026</saleDate>
      <amountOfSecuritiesSold>10000</amountOfSecuritiesSold>
      <grossProceeds>1210445.00</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>DANIEL J. THOREN</name>
        <address>
          <com:street1>20 FLORENCE AVE</com:street1>
          <com:city>BATAVIA</com:city>
          <com:stateOrCountry>FL</com:stateOrCountry>
          <com:zipCode>14020</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <saleDate>06/26/2026</saleDate>
      <amountOfSecuritiesSold>10000</amountOfSecuritiesSold>
      <grossProceeds>1215642.04</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>DANIEL J. THOREN</name>
        <address>
          <com:street1>20 FLORENCE AVE,</com:street1>
          <com:city>BATAVIA</com:city>
          <com:stateOrCountry>FL</com:stateOrCountry>
          <com:zipCode>14020</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <saleDate>06/29/2026</saleDate>
      <amountOfSecuritiesSold>5000</amountOfSecuritiesSold>
      <grossProceeds>610000.00</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>DANIEL J. THOREN</name>
        <address>
          <com:street1>20 FLORENCE AVE,</com:street1>
          <com:city>BATAVIA,</com:city>
          <com:stateOrCountry>FL</com:stateOrCountry>
          <com:zipCode>14020</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <saleDate>06/30/2026</saleDate>
      <amountOfSecuritiesSold>5000</amountOfSecuritiesSold>
      <grossProceeds>615149.99</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>DANIEL J. THOREN</name>
        <address>
          <com:street1>20 FLORENCE AVE,</com:street1>
          <com:city>BATAVIA,</com:city>
          <com:stateOrCountry>FL</com:stateOrCountry>
          <com:zipCode>14020</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <saleDate>06/22/2026</saleDate>
      <amountOfSecuritiesSold>28950</amountOfSecuritiesSold>
      <grossProceeds>3131151.00</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>DANIEL J. THOREN</name>
        <address>
          <com:street1>20 FLORENCE AVE,</com:street1>
          <com:city>BATAVIA,</com:city>
          <com:stateOrCountry>FL</com:stateOrCountry>
          <com:zipCode>14020</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <saleDate>06/22/2026</saleDate>
      <amountOfSecuritiesSold>5073</amountOfSecuritiesSold>
      <grossProceeds>539105.00</grossProceeds>
    </securitiesSoldInPast3Months>
    <remarks>Amended filing from 8/13/26. Corrected securities sold during the past 3 months. Added sales 28,950 and 5,073 shares sold on 6/22/26.; Seller using previous 4-week average trading volume for volume limitation. Week of 07/13: 1,927,700 shares, Week of 07/20/26: 551,100 shares, Week of 07/27/26: 945,100 shares, Week of 08/03/26: 958,600 shares = 4,382,500 shares/4 = 1,095,625 Average Weekly Trading volume.</remarks>
    <noticeSignature>
      <noticeDate>08/14/2026</noticeDate>
      <signature>Daniel J. Thoren</signature>
    </noticeSignature>
  </formData>
</edgarSubmission>
