PSN

Parsons Corporation (PSN) Q2 2026 Earnings Call Transcript

Parsons (PSN) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of $0.74. This compares to earnings of $0.78 per share a year ago.

Key Takeaways Continued strong demand with 24% year-over-year increase in contract awards and a 1.2x book-to-bill ratio for the quarter, positioning the company for continued success Middle East resiliency with 10% organic revenue growth and a 1.1x book-to-bill ratio Portfolio-shaping initiatives implemented to prioritize profitable, sustainable growth and enhance long-term shareholder value Q2 2026 Financial Highlights Book-to-bill ratio of 1.2x, exceeded 1.0x in both segments and continued streak of TTM book-to-bill ratio of 1.0x or greater in every quarter since 2019 IPO. Federal Solutions bookings increase 51% year-over-year Significant Q2 2026 wins underscore Parsons strategic positioning and technology leadership Q2 revenue of $1.6 billion decreased 1% year-over-year and 5% on an organic basis, in-line with expectations Revenue growth of 8% excluding confidential contract and portfolio-shaping actions; 3% on an organic basis Net income of ($15 million) decreased $70 million year-over-year.

Key Takeaways: The Gordie Howe International Bridge connects the cities of Detroit, Michigan and Windsor, Ontario, Canada through a 2,800-foot-long cable-stayed main span bridge. The new bridge will provide redundancy at the busiest trade corridor between Canada and the United States, providing significant increased economic and regional growth.

Key Takeaways Parsons' expanding portfolio of mission-focused products – underpinned by artificial intelligence – complements and enhances the company's broader global solutions offerings across national security and critical infrastructure markets. Products including Cyber Fly-Away Kits, AresNXT™, Javelin®, DroneArmor™, TReX®, Peanut™, iNET®, BlueFly®, GOCaaS™, and OrbitXchange™ demonstrate the company's ability to innovate, commercialize, and scale technologies that support customer missions.

Key Takeaways: Parsons delivers integrated industrial base modernization and advanced manufacturing solutions that accelerate mission readiness across defense and infrastructure markets worldwide. Parsons' enterprise-wide delivery model unites expertise across its Federal Solutions and Critical Infrastructure segments to deliver complete industrial ecosystems at speed and scale.

Key Takeaways: Parsons was awarded a $33 million contract to deploy its iNET® smart mobility system statewide to support design, development, integration, testing, operations, and maintenance for NYSDOT's Transportation Systems Management and Operations (TSMO) software system. The award continues Parsons' success in winning statewide advanced traffic management system deployments.

Key Takeaways:  Space Ground System Solutions, Inc., a wholly owned Parsons' subsidiary, secured a five-year, $245 million contract with the U.S. Naval Research Laboratory to advance mission-critical satellite ground systems software and operations. This award continues a 30-year legacy supporting the Blossom Point Tracking Facility.

Investors need to pay close attention to PSN stock based on the movements in the options market lately.

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