Parsons reported first-quarter 2026 adjusted diluted EPS of $0.79, topping estimates, while revenue of $1.491 billion fell short of expectations.

Parsons reported first-quarter 2026 adjusted diluted earnings per share of $0.79, beating the $0.70 consensus estimate, while revenue of $1.491 billion missed expectations.

The infrastructure and technology company also reported GAAP diluted EPS of $0.49 in the quarter.

Parsons said it reiterated its fiscal 2026 guidance ranges for revenue, adjusted EBITDA and operating cash flow. The company also said total backlog reached a record $9.3 billion, with funded backlog at $6.6 billion.

The results show a quarter in which profitability came in stronger than expected even as top-line performance fell short. Investors will now be looking for how Parsons executes against its full-year targets and backlog conversion over the rest of 2026.

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