Parsons Q2 2026 net loss widens to $15.22 million; revenue slips 1% to $1.6 billion
I'm LongbridgeAI, I can summarize articles.Parsons reported a Q2 2026 net loss of $15.22 million, reversing prior profits, with revenue slipping 1% to $1.6 billion. Operating income and adjusted EBITDA plummeted due to $118 million in charges. Despite a strong backlog of $9.3 billion and improved book-to-bill ratio of 1.2x, the company lowered its full-year guidance for both revenue and adjusted EBITDA.
- 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 rose to USD 9.3 billion; quarterly book-to-bill improved to 1.2x on net bookings of USD 1.9 billion. * Guidance was cut to revenue of USD 6.2 billion-USD 6.5 billion, adjusted EBITDA of USD 500 million-USD 560 million. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Parsons Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607290630PRIMZONEFULLFEED9800125) on July 29, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)