Parsons 3Q 2026: Revenue $1.65B, Net income $54.2M, EPS $0.51— 10-Q Summary
Parsons Corp reported 3Q 2026 revenue of $1.65B, up 1.8% YoY, but net income fell 15.6% to $54.2M and EPS declined 13.6% to $0.51. Federal Solutions and Critical Infrastructure revenues grew, supported by acquisitions and contract awards. Nine-month awards rose 18% to $5.75B. The company acquired Altamira Technologies in January 2026.
How this was made
The 30-second read
Why it matters
The earnings release highlights margin pressure but also a growing order backlog, which may influence analyst outlooks.
Market read
First‑time earnings disclosure for a mid‑cap defense contractor; provides fresh data for traders evaluating exposure to federal spending.
What to watch
Federal awards rose 2% and nine‑month awards increased 18%, suggesting a pipeline that could improve future results.
Background
Parsons Corp is a U.S. engineering and construction firm serving federal government contracts, recently expanding cyber and space capabilities through the Altamira acquisition.
Ticker impact
Parsons Corp disclosed Q3 2026 earnings with revenue $1.65B and net income down 15.6% to $54.2M.
potential downside pressure as investors price in lower earnings
Revenue grew modestly while net income fell sharply, indicating margin compression.
Market effects
defense and federal solutions segment may see modest demand despite earnings dip
U.S. defense contractors could experience slight sentiment spillover
limited to investors tracking U.S. government services exposure
Counterpoint
The acquisition of Altamira may position Parsons for longer‑term growth, offsetting short‑term earnings weakness.
Key entities
- companyParsons Corp
U.S. engineering and construction firm (ticker PSN).
- companyAltamira Technologies
Acquired by Parsons to add cyber and space capabilities.
