Parsons Q1 FY26 net income falls 20% to USD 53 million; revenue drops 4% to USD 1.5 billion

Parsons

Parsons

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  • Parsons posted Q1 net income of $53 million, down 20% year over year.
  • Revenue fell 4% to $1.5 billion.
  • Adjusted EBITDA climbed 1% to $151 million, while adjusted EBITDA margin widened 0.5 percentage point to 10.1%.
  • Results reflected lower volume on a fixed-price confidential contract, while total backlog rose to a record $9.3 billion.
  • Parsons reiterated fiscal 2026 guidance for revenue of $6.5 billion-$6.8 billion, adjusted EBITDA of $615 million-$675 million, cash flow from operating activities of $470 million-$530 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: 202604290630PRIMZONEFULLFEED9708960) on April 29, 2026, and is solely responsible for the information contained therein.

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