NYSE$AGX
Argan Inc · Q2 2025 earnings
Q2 2025 earnings · · After market close · Investor relations
Briefing
Argan reported record net income, EPS, and a growing project backlog in Q2 FY26.
Argan delivered strong Q2 FY26 results with increased revenue, improved gross margins, record EPS of $2.50, and net income of $35.3M. The company’s backlog approached $2B, reflecting sustained demand across its power and infrastructure projects.
- Revenue reached $237,743,000, up from $227,015,000 in Q2 FY25.
- Net income nearly doubled YoY to $35,275,000.
- Diluted EPS surged to $2.50 from $1.31 last year.
- EBITDA rose to $36,225,000, reflecting operational efficiency and project execution.
Headline financials
Revenue & EPS history
Argan · Revenue · Quarterly
$238M
Forward guidance
Argan did not provide numerical forward guidance but emphasized a strong demand environment and record backlog supporting future growth.
Tailwinds
- Record backlog of $1.953 billion provides visibility into future revenues.
- Continued demand across all business segments.
- Operational momentum reflected in rising EBITDA and margins.
- New contract win in Ireland boosts international presence.
- Cash and investments position strengthened to $572.2M.
Headwinds
- No detailed financial guidance provided for upcoming quarters.
- SG&A expenses increased year-over-year.
- Foreign currency adjustments slightly impacted comprehensive income.
- Limited revenue recognition from early-stage projects.
- Investment gains were flat compared to prior year.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2025
+1.5%
Avg return
Earnings day
+0.3%
Avg return
5 days after
+3.2%
Avg return
30 days after
56%
35 / 62 earnings
Positive
+25.7%
Q2 2024
Best reaction
-23.7%
Q3 2017
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2025 | -12.6% | -8.6% | -8.5% | |
| Q3 2026 | +1.5% | -5.2% | -7.2% | |
| Q2 2025 | -11.2% | -5.0% | +10.3% | |
| Q2 2026 | +4.8% | -4.2% | +15.5% | |
| Q4 2025 | +19.9% | +19.8% | +31.5% | |
| Q3 2024 | -1.2% | -4.4% | +0.0% | |
| Q2 2024 | +25.7% | +25.0% | +51.2% | |
| Q1 2025 | +0.0% | -1.8% | +0.5% | |
| Q1 2024 | +10.8% | +11.9% | +2.7% | |
| Q4 2023 | +20.7% | +23.6% | +34.3% | |
| Q3 2023 | -12.1% | -8.2% | -3.2% | |
| Q2 2023 | +8.8% | +10.3% | +15.9% | |
| Q1 2023 | -14.1% | -8.5% | -11.7% | |
| Q4 2022 | +1.5% | +1.6% | +7.4% | |
| Q3 2022 | -9.3% | -7.9% | -2.3% | |
| Q2 2022 | +5.3% | +4.3% | -2.8% | |
| Q1 2022 | +1.8% | -6.3% | -10.1% | |
| Q4 2021 | -7.1% | -7.3% | -7.9% | |
| Q3 2021 | -5.6% | -9.7% | -3.8% | |
| Q2 2021 | +4.0% | -4.7% | -6.1% | |
| Q1 2021 | +0.8% | -1.7% | -6.5% | |
| Q4 2020 | -0.7% | -1.4% | -7.7% | |
| Q3 2020 | -2.7% | -9.2% | -8.8% | |
| Q2 2020 | +4.6% | +7.2% | +5.9% | |
| Q1 2020 | +1.1% | -7.0% | +0.9% | |
| Q4 2019 | -7.0% | +1.8% | -11.1% | |
| Q3 2019 | +3.7% | +4.9% | +18.6% | |
| Q2 2019 | +0.6% | +2.7% | -9.5% | |
| Q1 2019 | -8.4% | -8.7% | -10.5% | |
| Q4 2018 | -0.5% | +1.5% | -3.4% | |
| Q3 2018 | +1.4% | -1.4% | -5.2% | |
| Q2 2018 | +17.0% | +8.9% | +6.9% | |
| Q1 2018 | -3.6% | -8.5% | +6.5% | |
| Q4 2017 | -13.2% | -10.8% | -10.0% | |
| Q3 2017 | -23.7% | -24.5% | -21.0% | |
| Q2 2017 | -1.3% | -3.2% | +7.4% | |
| Q1 2017 | -3.2% | +2.7% | +0.4% | |
| Q4 2016 | +10.1% | +1.4% | +10.6% | |
| Q3 2016 | +8.2% | +11.0% | +10.6% | |
| Q2 2016 | +8.1% | +5.8% | +22.0% | |
| Q1 2016 | +17.1% | +26.0% | +27.4% | |
| Q4 2015 | -0.9% | — | — | |
| Q3 2015 | -12.0% | — | — | |
| Q2 2015 | +4.2% | — | — | |
| Q1 2015 | +2.9% | — | — | |
| Q4 2014 | -7.6% | — | — | |
| Q3 2014 | +5.7% | — | — | |
| Q2 2014 | -5.6% | — | — | |
| Q1 2014 | +7.0% | — | — | |
| Q4 2013 | -0.5% | — | — | |
| Q3 2013 | +18.0% | — | — | |
| Q2 2013 | +3.9% | — | — | |
| Q1 2013 | +4.1% | — | — | |
| Q4 2012 | -9.7% | — | — | |
| Q3 2012 | -1.9% | — | — | |
| Q2 2012 | +8.0% | — | — | |
| Q1 2012 | +6.7% | — | — | |
| Q3 2011 | +12.7% | — | — | |
| Q2 2011 | +10.6% | — | — | |
| Q4 2011 | +10.6% | — | — | |
| Q1 2011 | +3.1% | — | — | |
| Q4 2010 | -7.1% | — | — |
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