Argan (AGX) Q1 2027 Earnings

Yes. Argan reported Q1 2027 earnings of $3.24 a share on Jun 4, 2026, beating the $2.33 consensus estimate by 38.9%. Revenue was $291.0M against a $256.0M estimate.

Argan Inc. delivered a blowout first quarter of fiscal 2027, posting earnings of $3.24 per diluted share against a consensus estimate of $2.33, a beat of 38.87% that extended the power construction company's streak to four consecutive quarters of topping analyst expectations. Revenue climbed to $290.95 million, a 50.2% year-over-year surge that cleared the $256.03 million consensus by 13.64%, as the company's Power segment drove the bulk of growth through accelerating construction activity on recently awarded contracts. Gross margin widened to 21.0% from 19.0% a year ago, reflecting strong project execution and the early completion of the final Midwest Solar and Battery Project, which contributed meaningfully to the quarter's favorable contract mix. Net income more than doubled to $46.06 million, while the balance sheet remained debt-free with $973.55 million in combined cash and investments. With a consolidated project backlog of approximately $2.77 billion and a new fabrication facility under construction in North Carolina, analysts maintaining a consensus "Moderate Buy" rating see continued momentum ahead, underpinned by surging demand from electrification, onshoring, and data center expansion.