StocksMedium•6 October 2026•
1 min read
Argan Reports Record $384M Q2 Revenue Amid Infrastructure Growth
Key Facts
1Argan delivered record Q2 FY27 revenue of $384M, representing a 61.5% year-on-year increase.
2Backlog declined to $2.5B due to rapid project completion, though management expects major new wins within 7-15 months.
Argan, Inc. delivered record Q2 FY27 revenue of $384 million, representing a 61.5% increase compared to the previous year. Seeking Alpha reported that the growth was fueled by robust demand in power infrastructure and the rapid execution of existing projects.
The company's project backlog declined to $2.5 billion due to the accelerated completion of current works, though management expects to secure major new contracts within the next 7 to 15 months. AGX closed at $383.83 on October 2, 2026, having reached a session high of $390.52.