Revenue and margin trends continue to accelerate, supported by capacity expansion and a favorable tariff change (duty-free Jordan exports to U.S.). The Q2 guidance range ($49-51M) implies 24-29% YoY growth at the midpoint, suggesting momentum is sustained. Watch Q2 gross margin execution given guidance of 14-15% — a sequential decline from Q1's 16.4% due to higher raw material transport costs.
Price Chart
Executive Summary
Jerash Holdings reported fiscal Q1 2027 results with record revenue of $50.2M (+26.7% YoY), EPS of $0.13 (in-line with consensus), and operating income up 174%. The company guided Q2 revenue to approximately $49M-$51M with gross margin of 14-15%, noting geopolitical risks and higher transport costs.
Key Financial Metrics
Key Facts
- Record Q1 revenue of $50.2M, up 26.7% YoY from $39.6M
- EPS $0.13 vs $0.03 YoY; in-line with consensus estimate of $0.12
- Gross margin improved 100 bps to 16.4% from 15.4%
- Operating income surged 174.4% to $2.6M from $959K
- Net income advanced more than fivefold to $1.7M
- Q2 FY2027 revenue guided to ~$49M-$51M; gross margin goal 14-15%
- Quarterly dividend maintained at $0.05/share
- Duty-free access for Jordanian apparel exports to U.S. announced as a catalyst
- Geopolitical risks flagged for export logistics and raw material transport costs
- Prior quarter (Q4 FY2026) revenue was $42.9M; YoY growth of 46.6%
Financial Impact
Record Q1 revenue of $50.2M (+26.7% YoY); EPS rose from $0.03 to $0.13; gross margin expanded 100 bps to 16.4%; operating income up 174%
Risk Factors
- Geopolitical uncertainties in the Middle East could disrupt export logistics
- Increased transportation costs for raw material imports may compress gross margins in Q2
- Customer concentration risk: revenue heavily driven by two major U.S. customers
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001213900-26-086957 |
| Document: ea0301275-8k_jerash.htm | 0001213900-26-086957 |
| Document: 0001213900-26-086957-index-headers.html | 0001213900-26-086957 |
| Document: 0001213900-26-086957-index.html | 0001213900-26-086957 |
| Document: 0001213900-26-086957.txt | 0001213900-26-086957 |
| 8-K Data (Synthetic) | 0001213900-26-086957 |
Track record builds as more directional reports settle.
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| Type | Now | ||||
|---|---|---|---|---|---|
Sep 11, 2026 6w ago | 8-K | $5.30 $6.15 | ▲ +16.04% | ▲ +14.17% | $6.00 (+13.21%) |
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Jul 28, 2026 13w ago | DEFA14A | $4.53 $5.50 | ▲ +21.41% | ▲ +18.03% | $6.00 (+32.45%) |
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Jun 15, 2026 19w ago | 8-K | $4.20 $4.52 | ▲ +7.75% | ▲ +7.55% | $6.00 (+43.03%) |
May 4, 2026 25w ago | 8-K | $3.51 $3.44 | ▼ −1.99% | ▼ −7.64% | $6.00 (+70.94%) |
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