Q4 26 EPS
$3.47
BEAT +75.47%
Est. $1.98
Q4 26 Revenue
$262.1M
BEAT +2.64%
Est. $255.3M
vs S&P Since Q4 26
+39.5%
BEATING MARKET
AGX +56.9% vs S&P +17.5%
Full Year 2026 Results
FY 26 EPS
$9.74
BEAT +16.21%
Est. $8.38
FY 26 Revenue
$944.6M
BEAT +0.18%
Est. $942.9M
Market Reaction
Did AGX Beat Earnings? Q4 2026 Results
Argan delivered a blowout fourth quarter for fiscal 2026, posting diluted EPS of $3.47 against a consensus estimate of $1.98, a beat of 75.25%, while revenue climbed 12.7% year-over-year to $262.05 million, edging past the $260.32 million estimate. T… Read more Argan delivered a blowout fourth quarter for fiscal 2026, posting diluted EPS of $3.47 against a consensus estimate of $1.98, a beat of 75.25%, while revenue climbed 12.7% year-over-year to $262.05 million, edging past the $260.32 million estimate. The standout driver was a sharp expansion in gross margin, which widened to 25.0% from 20.5% a year earlier, fueled in large part by strong execution in the Power segment, including the early achievement of substantial completion at the Trumbull Energy Center. Full-year net income reached $137.77 million, or $9.74 per diluted share, nearly doubling the prior year's profitability on an absolute basis, while project backlog more than doubled to approximately $2.93 billion, a figure that drew significant investor attention despite some debate over valuation at elevated multiples. Looking ahead, Argan's management pointed to accelerating demand from AI data center buildouts, electrification trends, and aging infrastructure replacement as catalysts supporting continued growth and margin strength.
Key Takeaways
- • Strong project execution including early achievement of substantial completion at Trumbull Energy Center
- • Higher revenues across all business segments
- • Recently awarded contracts progressing through early stages of construction in the Power segment
- • Improved gross profit margins in the Power segment
- • Investment income contributing to other income
AGX YoY Financials
Q4 2026 vs Q4 2025, source: SEC Filings
“Our record fourth quarter performance capped a year of strong execution throughout fiscal 2026, driving record top and bottom-line performance for the full year. During the year, we added $2.5 billion in new contract value, increasing our consolidated project backlog to more than $2.9 billion at year-end, reflecting substantial growth across the entire Argan platform. These are exciting times for our company as demand for our services remains exceptionally strong.”
— David Watson, Q4 2026 Earnings Press Release
AGX Earnings Trends
AGX vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
AGX EPS Trend
Earnings per share: estimate vs actual
AGX Revenue Trend
Quarterly revenue: estimate vs actual
AGX Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 27 BEAT | $2.33 | $3.24 | +38.87% | $291.0M | +13.64% |
| Q4 26 BEAT FY | $1.98 | $3.47 | +75.47% | $262.1M | +2.64% |
| FY Full Year | $8.38 | $9.74 | +16.21% | $944.6M | +0.18% |
| Q3 26 BEAT | $2.10 | $2.17 | +3.52% | $251.2M | -5.20% |
| Q2 26 BEAT | $1.64 | $2.50 | +52.44% | $237.7M | -2.55% |
| Q1 26 BEAT | $1.09 | $1.60 | +46.79% | $193.7M | -0.05% |