Filing Flows › Argan (AGX) › Q1 FY27
Argan (AGX) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Jun 4, 2026
Argan (AGX) reported revenue of $291M for the first quarter fiscal 2027 (Q1 FY27), +50% from a year earlier and +11% from the quarter before. Operating margin was 15.6%, net earnings $46.1M (15.8% of revenue).
Argan, Q1 FY27: revenue $291M (+50% year over year), operating margin 15.6%, net earnings $46.1M, operating cash flow $113M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $291M | +11% | +50% |
| Gross profit | $61.1M | -7% | +66% |
| Operating profit | $45.4M | -5% | +86% |
| Net earnings | $46.1M | -6% | +104% |
| Operating cash flow | $113M | -34% | +221% |
| Free cash flow | $111M | -35% | +218% |
What changed
Revenue was $291.0M in Q1 FY27, up 50% year over year and up 11% from the previous quarter.
Gross margin was 21.0%, up 2.0 points from Q1 FY26. Operating profit was $45.4M, a 15.6% margin (up 3.0 points year over year). Of the extra revenue versus Q1 FY26, 22% reached operating profit, above the 13% margin then. Operating expenses grew 26% against revenue growth of 50%. Net earnings were $46.1M, up 104% year over year. The effective tax rate was 14.3%.
Operating cash flow was $113.4M (up 221% year over year), 246% of net earnings. Non-cash charges added back $634K of depreciation and amortization and $2.0M of share-based compensation. Working capital and other items added $64.7M. Capital expenditures of $2.4M left free cash flow of $111.0M.
Questions
What was Argan's revenue in the first quarter fiscal 2027?
Argan (AGX) reported revenue of $291M for the first quarter fiscal 2027 (Q1 FY27), +50% from a year earlier and +11% from the quarter before.
Was Argan profitable in the first quarter fiscal 2027?
Operating profit was $45.4M (15.6% of revenue) and net earnings $46.1M.
Source: Argan 10-Q on SEC EDGAR.