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AI brief of an SEC Form 8-K · Argan (AGX)

Argan Reports Record Q2 Revenue of $384 Million and Net Income of $53.3 Million

Mixed Impact 3 of 5 earnings Written later

Argan reported record second-quarter fiscal 2027 results for the three months ended July 31, 2026, with revenue up 61.5% year over year to $384.0 million and net income of $53.3 million, or $3.76 per diluted share, versus $2.50 a year earlier. Project backlog fell to about $2.5 billion from $2.9 billion at January 31, 2026, and the company reported no debt, which may matter to shareholders assessing future revenue visibility.

Key points

  • Q2 revenue rose $146.2 million to $384.0 million; gross margin was 19.3% versus 18.6% a year earlier
  • Diluted EPS was $3.76 versus $2.50; quarterly cash dividend per share was $0.500 versus $0.375
  • Project backlog was about $2.5 billion at July 31, 2026, down from $2.9 billion at January 31, 2026
  • Cash, cash equivalents and investments totaled $1.03 billion, and the company reported no debt

The filing

CompanyArgan (AGX)
Form8-K, current report
Filed with the SECSep 2, 2026, 4:10 PM ET
Accession number0001104659-26-104735

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:01 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 02, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.