UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

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                                    FORM 8-K

                                 CURRENT REPORT
     Pursuant to section 13 or 15(d) of the Securities Exchange Act of 1934

        Date of Report (Date of earliest event reported) October 24, 2007


                        GRANITE CONSTRUCTION INCORPORATED
             (Exact name of registrant as specified in its charter)

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           Delaware                    1-12911                  77-0239383
(State or other jurisdiction         (Commission               (IRS Employer
       of incorporation)             File Number)            Identification No.)

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                              585 West Beach Street
                          Watsonville, California 95076
               (Address of principal executive offices) (Zip Code)

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                                 (831) 724-1011
               Registrant's telephone number, including area code

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[_]   Written communications pursuant to Rule 425 under the Securities Act (17
      CFR 230.425)

[_]   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)

[_]   Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))

[_]   Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))

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Item 2.02 Results of Operations and Financial Condition.

      On October 24, 2007, Granite Construction Incorporated (the "Company")
issued a press release with respect to its earnings for the quarter ended
September 30, 2007, a copy of which is attached as Exhibit 99.1.

      The information set forth is furnished pursuant to Item 2.02, "Results of
Operations and Financial Condition" and shall not be deemed "filed" for purpose
of Section 18 of the Securities Exchange Act of 1934, nor shall the information,
including the Exhibit, be deemed incorporated by reference in any filing of the
Company, except as shall be expressly set forth by specific reference in such
filing.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits. The following exhibits are attached hereto and furnished herewith:

Exhibit
Number         Exhibit Title
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99.1           Press Release of Registrant, dated October 24, 2007,
               its third quarter financial results


                                   SIGNATURES

      Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                          GRANITE CONSTRUCTION INCORPORATED


Date: October 24, 2007                    By:    /s/ William E. Barton
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                                                William E. Barton
                                                Senior Vice President and
                                                Chief Financial Officer

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                                INDEX TO EXHIBITS

Exhibit
Number       Document
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99.1         Press Release of Registrant, dated October 24, 2007,
             its third quarter financial results

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