secwatch.observer — SEC 8-K summary
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Issuer:     PARSONS CORP (PSN)
CIK:        0000275880
Form:       8-K
Filed at:   2026-07-29T10:30:16+00:00
Accession:  0001193125-26-322054
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Parsons Q2 net loss $15M on $118M charges; cuts FY2026 guidance
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- Q2 revenue $1.6B (-1% YoY); net loss $15M (GAAP EPS -$0.14) vs prior year net income $55M.
- Adjusted EBITDA $42M (-72% YoY); excluding $118M charges, adjusted EBITDA $161M (+8%).
- FY2026 guidance cut: revenue $6.2B-$6.5B (from $6.5B-$6.8B), adjusted EBITDA $500M-$560M (from $615M-$675M).
- Book-to-bill 1.2x; contract awards up 24% YoY; total backlog $9.3B.
- Federal Solutions revenue down 6% (organic -14%); Critical Infrastructure up 5% (organic +4%).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/275880/000119312526322054/0001193125-26-322054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/275880/000119312526322054/psn-20260729.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-322054

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer