US Stocks Movement | Argan surges 13% pre-market as Q1 revenue hits 291 million USD, beating expectations; all three business segments see growth
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Glonghui June 5th|Argan (AGX.US) surged more than 13% in pre-market trading to $779.88. According to reports, Argan delivered a comprehensive performance that far exceeded expectations in the first quarter of fiscal 2027—with revenue of $291 million (+50%), EPS of $3.24 (43% above expectations), gross margin increased to 21%, and adjusted EBITDA soared by 79%. The core driving force is the explosive growth in energy infrastructure demand brought by the AI data center construction boom, with all three major business segments performing strongly. $2.8 billion in outstanding orders and nearly $1 billion in cash reserves provide a solid foundation for the company's continued growth.
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