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AI brief of an SEC Form 8-K · Parsons (PSN)

Parsons Q1 2026 revenue falls 4% to $1.5 billion; net income down 20% to $53 million

Negative Impact 3 of 5 earnings Written later

Parsons reported first quarter 2026 results for the quarter ended March 31, 2026. Revenue fell 4% to $1.5 billion and net income attributable to Parsons fell 20% to $53 million, while adjusted EBITDA rose 1% to $151 million. The company reiterated its fiscal 2026 revenue, adjusted EBITDA and operating cash flow guidance ranges.

Key points

  • Q1 2026 revenue of $1.5 billion, down $63 million or 4% year over year; organic revenue down 8%
  • GAAP diluted EPS of $0.49 versus $0.60 a year earlier; adjusted diluted EPS of $0.79 versus $0.78
  • Adjusted EBITDA of $151 million, up 1%; total backlog a record $9.3 billion
  • Fiscal 2026 guidance reiterated: revenue $6,500 million to $6,800 million, adjusted EBITDA $615 million to $675 million

The filing

CompanyParsons (PSN)
Form8-K, current report
Filed with the SECApr 29, 2026, 6:53 AM ET
Accession number0001193125-26-188898

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:05 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 29, 2026.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.