Parsons narrows 2026 revenue guidance to $6.25 billion-$6.45 billion

PSN•2026-10-28

Parsons narrowed fiscal 2026 revenue guidance to $6.25 billion-$6.45 billion from $6.2 billion-$6.5 billion, and adjusted EBITDA guidance to $510 million-$550 million from $500 million-$560 million. It maintained operating cash flow guidance of $430 million-$490 million.

1. Updated guidance

Parsons narrowed fiscal 2026 revenue guidance to $6.25 billion-$6.45 billion from $6.2 billion-$6.5 billion. Adjusted EBITDA guidance was tightened to $510 million-$550 million from $500 million-$560 million, while operating cash flow guidance remained $430 million-$490 million. Expected adjusted EBITDA margin is approximately 8.3% at the revenue midpoint.

2. Outlook and backlog

Fourth-quarter expectations imply approximately 2% year-over-year revenue growth and approximately 10% growth in adjusted EBITDA. Total backlog reached $9.4 billion, with 73% funded; another $12 billion in contract wins remained outside backlog.