PSN

In the past six months, Parsons' stock declined significantly, with a 40.29% drop between September 2025 and September 2026, a 45.33% decrease over 12 months, and a 29.04% year-to-date return. A major event was the Q2 2026 earnings report on July 29, 2026, where the company reported a $15 million net loss and cut its 2026 guidance, leading to a 35% stock price drop. This was attributed to portfolio-shaping actions and joint-venture charges, including a $77 million charge on a remote contract and $41 million related to an extraordinary weather event. Despite this, demand indicators remained strong with net bookings increasing 24% year-over-year to $1.9 billion, achieving a 1.2x book-to-bill ratio. In August 2026, Parsons secured several notable contracts, including task orders for counter-nuclear smuggling systems, a five-year contract for the Joint Cyber Hunt Kit, program and construction management services for McGhee Tyson Airport, and a $514 million contract option with the U.S. Missile Defense Agency.