Parsons swings to Q2 net loss of $15 million and cuts 2026 guidance
Parsons reported second quarter 2026 results on July 29, 2026, with revenue of $1.6 billion, down 1% from a year earlier, and a net loss attributable to Parsons of $15 million compared with net income of $55 million a year earlier. The company attributed the decline mainly to $118 million in charges tied to portfolio-shaping actions and a joint venture program, and it lowered its fiscal 2026 revenue and adjusted EBITDA guidance, which weighs on shareholders.
Key points
- Q2 2026 revenue of $1.6 billion, down 1% year over year and down 5% on an organic basis
- Net loss attributable to Parsons of $15 million, or $(0.14) per diluted share, versus net income of $55 million, or $0.50 per share, a year earlier
- Adjusted EBITDA fell 72% to $42 million; excluding $118 million in charges, it rose 8% to $161 million
- Fiscal 2026 revenue guidance lowered to $6.2 billion to $6.5 billion from $6.5 billion to $6.8 billion; adjusted EBITDA guidance lowered to $500 million to $560 million from $615 million to $675 million
The filing
Written by AI on Nov 8, 2026, 1:05 AM ET, from this filing 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 July 29, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.