Parsons Corporation (PSN) Tops Q3 EPS by 11c, Beats on Revenue; Offers FY26 Revenue Guidance

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Go back to Parsons Corporation (PSN) Tops Q3 EPS by 11c, Beats on Revenue; Offers FY26 Revenue Guidance

Parsons Reports Third Quarter 2026 Results

October 28, 2026 6:30 AM EDT

Q3 2026 Key Takeaways

Revenue, profitability, and cash flow exceeded commitments, with adjusted EBITDA and margin reaching record levelsContinued strong demand across both segments, with contract awards increasing 14% year-over-year and a 1.1x consolidated book-to-bill ratio, including a 53% increase in Federal Solutions contract awardsRecord total and funded backlogThird-quarter financial results, combined with growing backlog, strong bookings, and a robust pipeline, underscore the resilience of the companys portfolio and provide a solid foundation for sustained organic... More