| Metric | Value ($ M) | Q1 FY27 | Q2 FY26 |
|---|---|---|---|
| Revenue | 383.98 | 32.0% | 61.5% |
| Total Income | 383.98 | 32.0% | 61.5% |
| Expenditure | 327.17 | 33.2% | 57.5% |
| PBT | 66.89 | 24.4% | 87.7% |
| Net Profit | 53.30 | 15.7% | 51.1% |
| OPM | 14.79% | 0.81pp | 2.15pp |
| NPM | 13.88% | 1.95pp | 0.95pp |
| EPS | 3.80 | 15.2% | 47.9% |
Argan Reports Record Q2 FY27 Revenue of $384 Million and Record Net Income of $53.3 Million
03 Sept 2026 · 3 Sept, 1:50 am
Summary
Argan, Inc. announced record financial results for its second quarter of fiscal year 2027, with revenue soaring to $384 million, a 61.5% increase year-over-year, and net income reaching a record $53.3 million. The company also achieved record adjusted EBITDA of $70.0 million, with margins improving across key metrics. Management expressed optimism about opportunities across all three business segments, citing diverse capabilities and a strong balance sheet as key strengths.
Key Highlights
- 1
Argan, Inc. reported record revenue of $384 million for the second quarter of fiscal year 2027, an increase of 61.5% year-over-year.
- 2
Net income for the second quarter of fiscal year 2027 reached a record $53.3 million, or $3.76 per diluted share, up from $35.3 million, or $2.50 per diluted share, in the prior year.
- 3
Adjusted EBITDA for the quarter was a record $70.0 million, a significant increase from $38.5 million in the same period last year, with Adjusted EBITDA margin improving to 18.2% from 16.2%.
- 4
Gross profit for the quarter increased to $74.2 million, with gross margin improving to 19.3% from 18.6% year-over-year.
- 5
Consolidated revenues for the first six months of fiscal year 2027 increased by 56.5% to $674.9 million compared to the prior-year period.
- 6
The Power segment continued strong performance, growing revenue 53% year over year to $301 million at a gross margin of 22%.
Management Comments
David Watson
We delivered a strong second quarter, highlighted by record revenue of $384 million, a gross margin of 19.3%, record net income of $53 million, and record adjusted EBITDA of $70 million. Our Power segment continued to execute extremely well during the second quarter, growing revenue 53% year over year to $301 million at a gross margin of 22%. Following the close of the quarter, we achieved final completion on the remaining project of our Midwest Solar and Battery Projects. In our Industrial segment, construction of our new fabrication facility continues to progress as planned, with expected completion next quarter. The plant will support heightened demand for the fabrication of vessels for data centers. In our Teledata segment, we closed the acquisition of ValCor Communications, a Connecticut-based provider of installation and repair services for information, communication, and data networks. The addition of ValCor increases our geographic presence and expands the segment’s client base to defense, aerospace, and technology clients in the region. We are energized by the opportunities we are seeing across all three of our business segments and believe that our diverse capabilities, proven track record of excellent execution, and strong balance sheet position us well to benefit from the current demand environment. This is an exciting time for Argan and we remain focused on capturing the right projects with the right partners in the right geographies.
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