Inferra AI / Company / PSN

Parsons Corp

PSN · Information Technology

Last earnings Oct 28, 2026

Key results

Revenuequarter

$1.7 billion

revenue of $1.7 billion increased 2% year-over-year and decreased 1% on an organic basis, exceeding commitments &#x25aa

SEC original ↗Parsons Corp — Earnings release (8-K exhibit)EX-99Oct 28, 2026

Net incomequarter

$54 million

Net income of $54 million decreased $10 million.

SEC original ↗Parsons Corp — Earnings release (8-K exhibit)EX-99Oct 28, 2026

Growthquarter

down 1%

Q3 2025) Total revenue for the third quarter of 2026 increased by $29 million, or 2%, to $1.7 billion and was down 1% on an organic basis.

SEC original ↗Parsons Corp — Earnings release (8-K exhibit)EX-99Oct 28, 2026

Excluding the company's confidential contract, total revenue increased 5% and organic revenue increased 2%, driven by growth in our Cyber and Electronic Warfare and Transportation markets.

SEC original ↗Parsons Corp — Earnings release (8-K exhibit)EX-99Oct 28, 2026

Operating incomequarter

Operating income decreased 4% to $104 million primarily due to higher transaction-related expenses.

SEC original ↗Parsons Corp — Earnings release (8-K exhibit)EX-99Oct 28, 2026

Net income decreased 16% to $54 parsons.

SEC original ↗Parsons Corp — Earnings release (8-K exhibit)EX-99Oct 28, 2026

EPSquarter

$0.51

GAAP diluted earnings per share (EPS) attributable to Parsons was $0.51 in the third quarter of 2026, compared to $0.59 in the prior year period.

SEC original ↗Parsons Corp — Earnings release (8-K exhibit)EX-99Oct 28, 2026

Adjusted EPSquarter

$0.89

Adjusted diluted EPS was $0.89 in the third quarter of 2026, compared to $0.86 in the third quarter of 2025.

SEC original ↗Parsons Corp — Earnings release (8-K exhibit)EX-99Oct 28, 2026

Selling, general, and administrativequarter

$285,490 thousand

Selling, general and administrative expenses 285,490 260,166 813,587 756,279

SEC original ↗Parsons Corp — Earnings release (8-K exhibit)EX-99Oct 28, 2026

AI analysis

Q3 2026 · reported Oct 28, 2026

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Revenue · Q3 2026

$1.7B

EX-99 · Oct 28, 2026

EPS · Q3 2026

$0.51

-13.6% vs year ago computed from stated figures

EX-99 · Oct 28, 2026

Net income · Q3 2026

$54M

EX-99 · Oct 28, 2026

Adjusted EPS · Q3 2026

$0.89

+535.7% vs prior quarter computed from stated figures
+3.5% vs year ago computed from stated figures

EX-99 · Oct 28, 2026

The quarter in charts

Diluted EPS — GAAP

Per diluted share, as stated

EX-99 · Oct 28, 2026 EPS values as stated in the release.

Headline figures

Metric	Q3 2026	Prior qtr	Year ago
Revenue	$1.7 billion	—	—
Net income	$54 million	$15 million	—
Growth	down 1%	down 5%	—
Operating income	4%	99%	—
EPS	$0.51	$0.14	$0.59
Adjusted EPS	$0.89	$0.14	$0.86
Selling, general, and administrative	$285,490 thousand	$260,195 thousand	—

EX-99 · Oct 28, 2026

Guidance · company-stated

Direction: Reiterated

Revenue — Reiterated

“8 billion ▪ Signed a definitive purchase agreement and finalizing novation for the divestiture of the remote-location contracts; made measurable progress on the Critical Infrastructure joint venture program ▪ Narrowing and reiterating mid-point of fiscal year 2026 revenue and adjusted EBITDA guidance ranges; reiterating operating cash flow guidance range Chantilly, VA – October 28, 2026, Parsons Corporation (NYSE: PSN) today announced financial results for the third quarter ended September 30, 2026.”

Revenue — Reiterated

“Fiscal Year 2026 Guidance The company is narrowing and reiterating the mid-point of its fiscal year 2026 revenue and adjusted EBITDA guidance ranges and reiterating its operating cash flow guidance range.”

Classified from the release's primary full-year outlook statement.

Next earningsNo verified date on fileNo date is estimated or imported

Capital allocation

(d) Excludes dilutive effect of convertible senior notes due 2025 due to bond hedge.

The Company borrowed $ 330.0 million under the Revolving Credit Facility (as defined in "Note 10 Debt and Credit Facilities") to fund the acquisition.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Parsons Corp Q3 2026 — revenue of $1.7 billion increased 2% year-over-year and decreased 1% on an organic basis, exceeding commitments &#x25aa

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Guidance & outlook

Direction: Reiterated

Revenue — Reiterated (“reiterating”)
“8 billion ▪ Signed a definitive purchase agreement and finalizing novation for the divestiture of the remote-location contracts; made measurable progress on the Critical Infrastructure joint venture program ▪ Narrowing and reiterating mid-point of fiscal year 2026 revenue and adjusted EBITDA guidance ranges; reiterating operating cash flow guidance range Chantilly, VA – October 28, 2026, Parsons Corporation (NYSE: PSN) today announced financial results for the third quarter ended September 30, 2026.”

Revenue — Reiterated (“reiterating”)
“Fiscal Year 2026 Guidance The company is narrowing and reiterating the mid-point of its fiscal year 2026 revenue and adjusted EBITDA guidance ranges and reiterating its operating cash flow guidance range.”

Classified from the release's primary full-year outlook statement.

Capital allocation

(d) Excludes dilutive effect of convertible senior notes due 2025 due to bond hedge.

SEC original ↗Parsons Corp — Earnings release (8-K exhibit)EX-99Oct 28, 2026

The Company borrowed $ 330.0 million under the Revolving Credit Facility (as defined in "Note 10 Debt and Credit Facilities") to fund the acquisition.

SEC original ↗Parsons Corp — 10-Q Quarterly report10-QOct 28, 2026

Proceeds from the Term Loan were used to pay off the outstanding balance of the Delayed Draw Term Loan.

SEC original ↗Parsons Corp — 10-Q Quarterly report10-QOct 28, 2026

Term Loan due 2028 In June 2025 , the Company entered into a $ 450 million unsecured Term Loan with an increase option of up to $ 150 million.

SEC original ↗Parsons Corp — 10-Q Quarterly report10-QOct 28, 2026

The Term Loan has a three-year maturity and permits the Company to borrow in U.

SEC original ↗Parsons Corp — 10-Q Quarterly report10-QOct 28, 2026

Proceeds of the Term Loan Agreement may be used (a) to pay off in full, or partially pay off, the Company s existing Convertible Senior Notes, (b) to prepay revolving loans outstanding under the Revolving Credit Facility (as defined below), or (c) for working capital, capital expenditures and other lawful corporate purposes.

SEC original ↗Parsons Corp — 10-Q Quarterly report10-QOct 28, 2026

Strategy & priorities

“We also continued to strengthen our portfolio, making meaningful progress on the strategic initiatives we outlined last quarter.

SEC original ↗Parsons Corp — Earnings release (8-K exhibit)EX-99Oct 28, 2026

We remain focused on disciplined execution, converting our strong pipeline and recent awards into profitable growth, and delivering long-term value for our customers, employees, and shareholders.

SEC original ↗Parsons Corp — Earnings release (8-K exhibit)EX-99Oct 28, 2026

This OTA will oversee one of the Department of War’s largest progressive design-build initiatives to date and is one of the Air Force’s first uses of an Owner’s Advisor delivery approach.

SEC original ↗Parsons Corp — Earnings release (8-K exhibit)EX-99Oct 28, 2026

(b) Reflects costs associated with and related to our corporate restructuring initiatives.

SEC original ↗Parsons Corp — Earnings release (8-K exhibit)EX-99Oct 28, 2026

Risks & headwinds

While we continue to navigate procurement timing and geopolitical uncertainty, the alignment of our differentiated capabilities with our customers’ most critical national security and infrastructure needs reinforces our confidence in Parsons’ outlook.

SEC original ↗Parsons Corp — Earnings release (8-K exhibit)EX-99Oct 28, 2026

Forward-looking statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.

SEC original ↗Parsons Corp — Earnings release (8-K exhibit)EX-99Oct 28, 2026

These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, many of which are beyond our control and difficult to predict.

SEC original ↗Parsons Corp — Earnings release (8-K exhibit)EX-99Oct 28, 2026

Legal Proceedings 50 Item 1A.

SEC original ↗Parsons Corp — 10-Q Quarterly report10-QOct 28, 2026

ASC enhances our ability to partner with Florida communities on delivering innovative solutions for their resiliency challenges, while expanding those capabilities to new and existing clients around the world.

SEC original ↗Parsons Corp — 10-Q Quarterly report10-QOct 28, 2026

What changed vs prior quarter

Revenue — prior quarter passage and this quarter's passage are both cited.

SEC original ↗Parsons Corp — Earnings release (8-K exhibit)EX-99Oct 28, 2026

Net income — prior quarter passage and this quarter's passage are both cited.

SEC original ↗Parsons Corp — Earnings release (8-K exhibit)EX-99Oct 28, 2026

Growth — prior quarter passage and this quarter's passage are both cited.

SEC original ↗Parsons Corp — Earnings release (8-K exhibit)EX-99Oct 28, 2026

Documents

Earnings deck slides

0 decks with slide view

Parsons Corp — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

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