Parsons (PSN)
NYSE:PSN
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Earnings Data
Report Date
Aug 05, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.76Last Year’s EPS
0.78Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a broadly positive operational and financial picture: record adjusted EBITDA margin, record total and funded backlog, strong bookings and multiple large strategic awards, completion of a strategic acquisition, and robust cash conversion. Offsetting items included working capital timing (DSO increase), higher SG&A from recent acquisitions, mixed revenue comparatives driven by a confidential contract, and conservative near-term phasing that lowers Q2 expectations. Overall the company emphasized resilience, strong forward indicators (pipeline, win rates, awards), and reiterated full-year guidance.Company Guidance
Record Adjusted EBITDA Margin
Adjusted EBITDA margin reached a record 10.1% (up 50 bps year-over-year) with record first-quarter adjusted EBITDA of $151 million (up 1% year-over-year). Critical Infrastructure margin hit 10.8%, a Q1 record.
Backlog and Funded Backlog at Record Levels
Total backlog reached $9.3 billion (up 3% year-over-year) and funded backlog reached $6.6 billion (up 7% year-over-year), with funded backlog representing 71% of total backlog — the highest since IPO.
Strong Bookings and Book-to-Bill
Contract awards grew 17% year-over-year, driving enterprise book-to-bill of 1.4x for the quarter (both segments 1.4x). Critical Infrastructure achieved 22 consecutive quarters above 1.0 and Middle East book-to-bill was 1.5x. Federal Solutions awards rose 38% year-over-year.
Key Large Contract Wins
Notable awards included FAA TSSC5 extension ($593 million, $410M booked in Q1), Joint Cyber Hunt Kit production (ceiling up to $500M, $250M booked in Q1), a >$340M 5-year Middle East transportation program (>$300M booked in Q1), >$145M Garden contract work (with $38M booked in Q1), and $150M for two major Canadian mine remediation projects (booked in full).
Post-Quarter Federal Awards
After quarter-end Parsons announced four additional federal awards including $400M across two other transaction agreements, a $184M classified IDIQ, and an $87M increase on a national security prime contract — plus $11 billion of awarded contracts not yet booked.
Strategic Acquisition Completed
Closed acquisition of Altamira Technologies valued up to $375 million (upfront cash consideration $330 million) to expand capabilities in signals intelligence, missile warning, space and foreign military exploitation.
Strong Cash Metrics and Capital Deployment
Record first-quarter cash flow: used $4 million of operating cash (an $8 million YoY improvement). Trailing 12-month free cash conversion was 102%. Repurchased ~583,000 shares for $35 million. Net debt leverage ratio was 2.0x (includes Altamira cash outlay).
Robust Forward Indicators and Guidance Reaffirmed
Company reaffirmed 2026 guidance ranges supported by a $54 billion pipeline, strong 60% win rates (leading indicators), $11 billion in awarded but unbooked contracts, and an expectation of continued growth tailwinds (infrastructure spend, defense budgets).
Middle East Resilience and Safety
All ~7,500 Parsons employees in the Middle East reported safe; the region produced solid financial results in Q1 and Parsons reiterated an 8.5% organic growth outlook for the Middle East, citing diversification-driven infrastructure and defense demand.
Product and Technology Wins
Joint Cyber Hunt Kit recognized as AI-enabled and production-ready (LRIP underway), expected to be margin-accretive with double-digit margins; company emphasized AI integration across Federal Solutions and continued growth of product/technology offerings.
PSN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
PSN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 29, 2026 | $51.84 | $50.30 | -2.97% |
Feb 11, 2026 | $70.21 | $60.25 | -14.19% |
Nov 05, 2025 | $79.56 | $82.91 | +4.21% |
Aug 06, 2025 | $77.00 | $75.92 | -1.40% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Parsons (PSN) report earnings?
Parsons (PSN) is schdueled to report earning on Aug 05, 2026, Before Open (Confirmed).
What is Parsons (PSN) earnings time?
Parsons (PSN) earnings time is at Aug 05, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PSN EPS forecast?
PSN EPS forecast for the fiscal quarter 2026 (Q2) is 0.76.