Parsons Reports Second Quarter 2026 Results
Parsons reported Q2 2026 revenue of $1.6 billion, down 1% year-over-year, and recorded a GAAP net loss of $15 million due to $118 million in charges related to portfolio-shaping actions and a joint venture program. Excluding these one-time items, adjusted EBITDA grew 8% year-over-year to $161 million, while the company achieved a 1.2x book-to-bill ratio and increased total backlog to $9.3 billion.
Key figures
- Revenue
- 1575867000
- Guidance
- FY2026 Revenue $6.2B-$6.5B (lowered from $6.5B-$6.8B); Adj EBITDA $500M-$560M (lowered from $615M-$675M); Cash Flow $430M-$490M (lowered from $470M-$530M)
- Revenue Yoy
- -1%
- Backlog
- 9300000000
- Book to bill
- 1.2x
- Adjusted ebitda
- 42000000
- Normalized adj ebitda
- 161000000
AI analysis
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