Argan (AGX) Q4-26 earnings: Building the physical AI grid & the 25% margin pop

Argan’s Q4 2026 earnings highlight an incredible 25% gross margin achieved simply by finishing a mega-project two months ahead of schedule.In ~10 minutes:• How the early Trumbull exit drove a 630 bps profitability spike.• Winning a new $125M contract for direct data center power.• Acting as a balance sheet bully with $895M in cash and zero debt.• Why operational constraints strictly cap active sites at 12 projects.• The massive 9.5% post-market stock reversal following a daytime selloff.While the broader market chases software and chips, Argan is quietly mixing the concrete and erecting the natural gas turbines needed for the AI revolution. Management cautioned that this quarter's profitability leap is tied to a one-time project execution victory rather than structural pricing changes, but with a $2.9B backlog heavily weighted toward baseload power, the underlying demand is fully intact. ⚡Argan, Inc. (AGX) | Q4 FY2026AI-assisted production. Feedback/ticker requests: https://x.com/EarnUnscripted.