Argan Posts Record Q2: Revenue Up 61.5% to $384M, Net Income Hits $53.3M
AGX has more than doubled off its 52-week low of $197.
Summary
Argan reported record Q2 FY2027 results with revenue up 61.5% to $384M and net income of $53.3M, driven by strong Power segment execution. Cash reached $1.03B with no debt, though backlog declined to $2.5B.
Key Events · Earnings and Guidance · AGX
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Record Q2 Revenue and Profit
Revenue rose 61.5% YoY to $384.0M; net income more than doubled to $53.3M ($3.76 diluted EPS), with gross margin expanding to 19.3%.
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Power Segment Drives Growth
Power segment revenue grew 53% YoY to $301M at a 22% gross margin, reflecting continued ramp-up of construction activities.
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Strong Balance Sheet
Cash, cash equivalents and investments reached $1.03B, up $133.5M from January 31, 2026, with no debt and net liquidity of $440.4M.
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Backlog Declines
Project backlog fell to $2.5B from $2.9B at January 31, 2026, indicating a need for new contract wins to sustain growth.
Analysis · AGX · Real Estate & Construction
Argan delivered its strongest quarter yet, with revenue jumping 61.5% year-over-year to $384 million and net income more than doubling to $53.3 million. The Power segment drove the beat with 53% revenue growth at a 22% gross margin, while the company closed the ValCor Communications acquisition and completed its Midwest Solar and Battery project. Cash and investments climbed to $1.03 billion with no debt, giving Argan ample firepower for its $200 million buyback program. The only soft spot is project backlog, which slipped from $2.9 billion to $2.5 billion — a sign that new contract wins will be critical to sustaining this growth trajectory.
How filings like this one have moved
In the 30 days to Sep 10, 2026, 30.2% of the 2009 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.11%. 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, AGX was trading at $460.00 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $5.8B. The 52-week trading range was $197.00 to $805.75. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.