Parsons Q2 2026 net loss widens to $15.22 million; revenue slips 1% to $1.6 billion
PSN•Guidance was reduced
Guidance was cut to revenue of USD 6.2 billion-USD 6.5 billion, adjusted EBITDA of USD 500 million-USD 560 million.
Q2 results show sharply weaker profitability
Parsons posted Q2 2026 net loss of USD 15 million, swinging from profit; GAAP EPS turned to loss at USD 0.14.
Revenue edged down 1% year over year to USD 1.6 billion; operating income plunged 99% to USD 1.3 million.
Adjusted EBITDA (non-GAAP) dropped 72% to USD 42 million; margin narrowed 6.7 percentage points to 2.7% on USD 118 million of charges.
Backlog and bookings improved despite weaker quarter
Backlog rose to USD 9.3 billion; quarterly book-to-bill improved to 1.2x on net bookings of USD 1.9 billion.
