Parsons Reports Third Quarter 2026 Results
Parsons reported Q3 2026 revenue of $1.65 billion, up 2% year-over-year but down 1% organically, with net income of $54 million down 16% on transaction-related expenses. The profitability picture was stronger on an adjusted basis: record adjusted EBITDA of $168 million, a record 10.2% margin, and adjusted diluted EPS of $0.89 versus $0.86 a year ago. Bookings were the standout — a 1.1x book-to-bill on $1.8 billion of awards, record total backlog of $9.4 billion, and record funded backlog of $6.8 billion, including a 53% jump in Federal Solutions contract awards.
Key figures
- Eps
- 0.51
- Revenue
- 1650548000
- Guidance
- FY26 revenue narrowed to $6.25B-$6.45B (from $6.20B-$6.50B); adjusted EBITDA narrowed to $510M-$550M (from $500M-$560M); operating cash flow reiterated at $430M-$490M
- Revenue Yoy
- 2%
- Net income
- 54153000
- Total backlog
- 9362466000
- Funded backlog
- 6800000000
- Adjusted ebitda
- 168000000
- Book to bill q3
- 1.1
- Q3 contract awards
- 1821196000
- Organic revenue yoy
- -1%
- Adjusted eps diluted
- 0.89
- Adjusted ebitda margin
- 10.2%
- Operating cash flow q3
- 269000000
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