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Q1 27 EPS
$3.24
BEAT +38.87%
Est. $2.33
Q1 27 Revenue
$291.0M
BEAT +13.64%
Est. $256.0M
vs S&P Since Q1 27
+4.4%
BEATING MARKET
AGX +5.5% vs S&P +1.1%
Market Reaction
Did AGX Beat Earnings? Q1 2027 Results
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 top… Read more 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.
Key Takeaways
- • Continued ramp-up of construction activities on recently awarded Power segment contracts
- • Revenue growth across all three operating segments
- • Improved gross margins from favorable project and contract mix shift
- • Strong project execution including early substantial completion on Midwest Solar and Battery Project
- • Investment income contributing to other income
AGX Forward Guidance & Outlook
Argan's project pipeline remains robust with approximately $2.8 billion in backlog. The company sees heightened demand driven by electrification, onshoring of domestic manufacturing, and data center proliferation creating urgent need for energy infrastructure. A new fabrication facility in North Carolina is under construction and expected to be completed during Q3 fiscal 2027 to expand industrial capacity for data center-related work.
AGX YoY Financials
Q1 2027 vs Q1 2026, source: SEC Filings
“We delivered a strong start to fiscal 2027 with record revenue of $291 million, gross margin of 21%, diluted earnings per share of $3.24, and adjusted EBITDA of $56.4 million. Our first quarter results reflect exceptional execution across our business, with all three of our operating segments achieving significant revenue growth as compared to the first quarter of fiscal 2026.”
— David Watson, Q1 2027 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% |