Filing Flows › Argan (AGX) › Q3 FY26
Argan (AGX) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Dec 4, 2025
Argan (AGX) reported revenue of $251M for the third quarter fiscal 2026 (Q3 FY26), -2% from a year earlier and +6% from the quarter before. Operating margin was 13.0%, net earnings $30.7M (12.2% of revenue).
Argan, Q3 FY26: revenue $251M (-2% year over year), operating margin 13.0%, net earnings $30.7M, operating cash flow $172M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $251M | +6% | -2% |
| Gross profit | $46.9M | +6% | +6% |
| Operating profit | $32.6M | +9% | +8% |
| Net earnings | $30.7M | -13% | +10% |
| Operating cash flow | $172M | +399% | +443% |
| Free cash flow | $172M | +422% | +488% |
What changed
Revenue was $251.2M in Q3 FY26, down 2% year over year and up 6% from the previous quarter.
Gross margin was 18.7%, up 1.4 points from a year earlier. Operating profit was $32.6M, a 13.0% margin (up 1.2 points year over year). Operating expenses grew 2% against a revenue fall of 2%. Net earnings were $30.7M, up 10% year over year. The effective tax rate was 22.6%.
Operating cash flow was $172.5M (up 443% year over year), 561% of net earnings. Non-cash charges added back $603K of depreciation and amortization and $1.9M of share-based compensation. Working capital and other items added $139.3M. Capital expenditures of $583K left free cash flow of $171.9M.
Questions
What was Argan's revenue in the third quarter fiscal 2026?
Argan (AGX) reported revenue of $251M for the third quarter fiscal 2026 (Q3 FY26), -2% from a year earlier and +6% from the quarter before.
Was Argan profitable in the third quarter fiscal 2026?
Operating profit was $32.6M (13.0% of revenue) and net earnings $30.7M.
Source: Argan 10-Q on SEC EDGAR.