Filing Flows › Argan (AGX) › Q2 FY27
Argan (AGX) Q2 FY27 earnings results (second quarter fiscal 2027)
10-Q filed Sep 2, 2026
Argan (AGX) reported revenue of $384M for the second quarter fiscal 2027 (Q2 FY27), +62% from a year earlier and +32% from the quarter before. Operating margin was 14.8%, net earnings $53.3M (13.9% of revenue).
Argan, Q2 FY27: revenue $384M (+62% year over year), operating margin 14.8%, net earnings $53.3M, operating cash flow $97.0M. The chart follows the revenue to costs, profit and cash.
| Q2 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $384M | +32% | +62% |
| Gross profit | $74.2M | +21% | +68% |
| Operating profit | $56.8M | +25% | +89% |
| Net earnings | $53.3M | +16% | +51% |
| Operating cash flow | $97.0M | -14% | +180% |
| Free cash flow | $91.7M | -17% | +179% |
What changed
Revenue was $384.0M in Q2 FY27, up 62% year over year and up 32% from the previous quarter.
Gross margin was 19.3%, up 0.7 points from Q2 FY26. Operating profit was $56.8M, a 14.8% margin (up 2.2 points year over year). Of the extra revenue versus Q2 FY26, 18% reached operating profit, above the 13% margin then. Operating expenses grew 23% against revenue growth of 62%. Net earnings were $53.3M, up 51% year over year. The effective tax rate was 20.3%.
Operating cash flow was $97.0M (up 180% year over year), 182% of net earnings. Non-cash charges added back $720K of depreciation and amortization and $2.4M of share-based compensation. Working capital and other items added $40.5M. Capital expenditures of $5.3M left free cash flow of $91.7M.
Questions
What was Argan's revenue in the second quarter fiscal 2027?
Argan (AGX) reported revenue of $384M for the second quarter fiscal 2027 (Q2 FY27), +62% from a year earlier and +32% from the quarter before.
Was Argan profitable in the second quarter fiscal 2027?
Operating profit was $56.8M (14.8% of revenue) and net earnings $53.3M.
Source: Argan 10-Q on SEC EDGAR.