Parsons narrows 2026 revenue guidance to $6.25 billion-$6.45 billion
Bitget2026/10/28 10:35- Parsons narrowed fiscal 2026 revenue guidance to $6.25 billion-$6.45 billion from $6.2 billion-$6.5 billion.
- Adjusted EBITDA guidance tightened to $510 million-$550 million from $500 million-$560 million.
- Operating cash flow guidance remained $430 million-$490 million; expected adjusted EBITDA margin is approximately 8.3% at the revenue midpoint.
- Fourth-quarter expectations imply approximately 2% year-over-year revenue growth, with adjusted EBITDA rising approximately 10%.
- Total backlog reached $9.4 billion, with 73% funded; another $12 billion in contract wins remained outside backlog.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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