Parsons Corporation reported second quarter 2026 financial results on July 29, 2026. Total revenue decreased 1% year-over-year to $1.6 billion, while net income turned to a loss of $15 million compared to prior year profit, driven by $118 million in charges related to portfolio-shaping actions and joint venture programs. Adjusted EBITDA fell 72% to $42 million, though excluding charges it increased 8% to $161 million. The company achieved a book-to-bill ratio of 1.2x with net bookings of $1.9 billion, bringing total backlog to $9.3 billion. Parsons revised its fiscal year 2026 guidance downward, lowering revenue expectations to $6.2–$6.5 billion and adjusted EBITDA to $500–$560 million. The company operates in the national security and global infrastructure markets.