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tradingview.comOCT 281 min read$PSN

Parsons Q3 Revenue Rises 2% as Adjusted EBITDA Reaches Record $168 Million

Parsons reported Q3 2026 revenue of $1.65B, up 2% YoY, with adjusted EBITDA reaching a record $167.8M. Net income was $54.2M, down from $64.1M YoY. The company narrowed full-year guidance but maintained cash flow outlook. Contract awards rose 14%, with Federal Solutions up 53%. CFO Matt Ofilos will resign, with George Ball appointed interim CFO.

Original reporting
tradingview.com
Published Oct 28, 2026, 10:33 AM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Oct 28, 2026, 10:40 AM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
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Parsons Q3 Revenue Rises 2% as Adjusted EBITDA Reaches Record $168 Million — source image
Source · tradingview.com
Decision brief

The 30-second read

$PSNBullishHigh
01

Why it matters

The earnings release provides fresh data on revenue growth, profitability, and backlog, influencing short‑term price action.

02

Market read

First‑report earnings with record EBITDA and narrowed guidance provide actionable insight for traders.

03

What to watch

CFO turnover and upcoming interim CFO may introduce execution risk.

Relevance 8/10Novelty 8/10Timing: today

Background

Parsons Corp (PSN) filed an 8‑K reporting its Q3 2026 results, including revenue, earnings, and guidance updates.

Company-level read

Ticker impact

$PSNBullishHigh confidence
Context

Parsons reported Q3 2026 earnings with record adjusted EBITDA of $167.8M and narrowed guidance.

Expected impact

potential modest upside as record EBITDA supports earnings beat expectations

Evidence & confidence

First‑report earnings with strong EBITDA and guidance tightening typically lift sentiment.

Market effects

Sector

Highlights strength in federal solutions and critical infrastructure segments, may boost peers in defense and engineering services.

Regional

U.S. defense and infrastructure contractors could see modest buying pressure.

Global

Limited to U.S. engineering and government‑contract space.

Counterpoint

What could challenge this read

Guidance narrowing could signal caution; investors may view revenue growth as tepid.

Key entities

  • company
    Parsons Corp

    U.S. engineering and construction firm listed on NYSE under ticker PSN.

  • executive
    Matt Ofilos

    Outgoing CFO resigning effective Nov 6, 2026.

  • executive
    George Ball

    Board member appointed interim CFO.

Read at source← All news

StoryParsons posts record Q3 earnings, expands backlog and announces CFO resignation

Also covered by

4 outlets

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