Slide 1: Second Quarter 2026 Earnings Conference Call Presentation
SECOND QUARTER 2026 Earnings Conference Call Presentation JULY 29, 2026 Parsons Corporation
Slide 2: Forward Looking Statements
FORWARD This presentation contains forward-looking statements within the meaning of the federal securities laws, including the Private Securities Litigation Reform Act of 1995, which statements involve substantial risks and uncertainties. Forward-looking statements generally relate to future events
Slide 3: Non-GAAP and Normalized Financial Measures
NON-GAPP AND NORMALIZED FINANCIAL MEASURES This presentation contains certain financial measures that are not presented in accordance with the U.S. generally accepted accounting principles (“Non-GAAP Measures”), including Adjusted Net Income attributable to Parsons Corporation, Adjusted Earnings per
Slide 4: Q2 2026 Strategic Highlights
Q2 2026 STRATEGIC HIGHLIGHTS Q2 2026 results demonstrated the resiliency of Parsons’ Core business and the discipline of the company’s strategy Core business delivered solid revenue growth, robust bookings and strong second quarter adjusted EBITDA and adjusted EBITDA margin Continued strong de
Slide 5: Q2 2026 Financial Highlights
Q2 2026 FINANCIAL HIGHLIGHTS Solid revenue growth ex. confidential contract, portfolio actions and charges Total revenue of $1.6B and net income of ($15M) Q2 2026 REVENUE Total revenue growth of 8% and 3% organically, excluding confidential contract and $1.6 Billion portfolio-shaping actions A
Slide 6: Q2 2026 Financial Summary
Q2 2026 FINANCIAL SUMMARY Solid total and organic revenue growth (excluding confidential contract and portfolio shaping actions). Strong normalized adjusted EBITDA growth and margin expansion * Total revenue of $1,576M decreased 1% from Q2 2025 Adjusted EBITDA margin of 2.7%. Normalized adjusted
Slide 7: Business Segment Summary
BUSINESS SEGMENT SUMMARY Critical Infrastructure Federal Solutions Q2 2026 y/y revenue increased 5% and 4% organically Total revenue decreased 6% and 14% y/y organically Adjusted EBITDA of $56M, decreased 32% from prior Q2 2026 revenue growth of 11% and 2% on an organic year period. Excludin
Slide 8: Q2 2026 Reconciliation of Reported GAAP Results to Adjusted Results on a Normalized Basis
Q2 2026 RECONCILIATION OF REPORTED GAAP RESULTS TO ADJUSTED RESULTS ON A NORMALIZED BASIS* Q2 2026 Q2 2026 Federal Charge Infrastructure ($ MILLIONS – EXCEPT EPS) Adjusted Results As Reported (GAAP) and Divestitures JV Charge (non-GAAP) Federal Solutions Revenue $761 $17 $778 Critical Infrastructure
Slide 9: Q2 2026 Reconciliation to Adjusted EBITDA, Net Income and EPS on a Normalized Basis
Q2 2026 RECONCILIATION TO ADJUSTED EBITDA, NET INCOME AND EPS ON A NORMALIZED BASIS* Q2 2026 Q2 2026 Infrastructure ($ MILLIONS – EXCEPT EPS) Federal Charge Adjusted Results As Reported JV Charge (non-GAAP) Federal Solutions Adjusted EBITDA including ($14) $77 $64 noncontrolling interests Critical I
Slide 10: Significant Contract Wins
SIGNIFICANT CONTRACT WINS During Q2 2026, Parsons won five single-award contracts worth more than $100M each. Awarded $514M Awarded a two-year, $514 million contract extension under the Missile Defense Agency’s (MDA) Technical, Engineering, Advisory, and Management Support (TEAMS) – Next Systems Eng
Slide 11: Significant Contract Wins
SIGNIFICANT CONTRACT WINS Awarded $161M Received an additional $161 million to continue serving as the Main Construction Manager for remediation projects on the Giant Mine program in Canada, known as one of the largest and most complex mine reclamation projects in the world. The company booked the f
Slide 12: M&A Supports an Integrated Solutions Strategy
M&A SUPPORTS AN INTEGRATED SOLUTIONS STRATEGY IPKeys Power & Cyber Partners TRS Group OGSystems BlackHorse Solutions SealingTech BlackSignal CTI Williams QRC® Braxton Science & Xator Electric Polaris Alpha Technologies Technology Group Echo Ridge Corporation I.S. Engineers BCC Engineering Applied Sc
Slide 13: Strategic M&A Advancing Integrated Solutions Success
Strategic M&A Advancing Integrated Solutions Success Preemptive acquisition approach, unique identification program, and successful integration strategy drives results, positions Parsons as a leading solutions integrator, and enables wins in larger, more profitable programs in enduring markets. Miss
Slide 14: Mission-Focused Products Portfolio
Mission-Focused Products Portfolio Securing Critical Advanced Transportation National Security Space Solutions Management Systems Infrastructure Technologies designed to maintain Protecting critical infrastructure, Space-focused technologies that Industry-leading Intelligent operational advantage ac
Slide 15: Additional Corporate Highlights
ADDITIONAL CORPORATE HIGHLIGHTS Global Industry Leader for Program Management by Engineering New-Record (ENR) Recognized by Engineering News-Record as one of the top three global companies in each of their 2026 rankings: Program Management, Professional Services, and Program/Construction Management
Slide 16: Fiscal Year 2026 Guidance
FISCAL YEAR 2026 GUIDANCE 2025 Actuals Current 2026 Guidance Prior 2026 Guidance Total Revenue $6,364M $6,200 - $6,500M $6,500 - $6,800M Adjusted EBITDA $609M $500 - $560M $615 - $675M Normalized Adjusted EBITDA * $609M $615 - $675M * $615 - $675M Cash Flow from Operations ** $478M $430 - $490M $470
Slide 17: Fiscal Year 2026 Guidance Assumptions
FISCAL YEAR 2026 GUIDANCE ASSUMPTIONS ~ 49.3% of total revenue to be generated from Federal Solutions segment at the mid-point PATTERNS Adjusted EBITDA margin of ~ 8.3% at the mid-point of the revenue guidance Revenue: approximately 3% sequential growth (Q2 2026 to Q3 2026) and then a sequential
Slide 18: Fiscal Year 2026 Guidance Bridge
FISCAL YEAR 2026 GUIDANCE BRIDGE Protest, Timing and Prior Guidance Divestitures and Current Guidance ($ Million) Favorable Margin Mid-Point Charges Mid-Point Performance Federal Solutions Revenue $3,305 ($85) ($90) $3,130 Critical Infrastructure Revenue $3,345 ($125) $3,220 Total Revenue $6,650 ($8
Slide 19: Appendix: Supplemental Materials
APPENDIX: SUPPLEMENTAL MATERIALS Parsons Corporation 19
Slide 20: Adjusted EBITDA Reconciliation
ADJUSTED EBITDA RECONCILIATION PARSONS CORPORATION Non-GAAP Financial Information Reconciliation of Net Income to Adjusted EBITDA (in thousands) Three Months Ended Six Months Ended June 30, 2026 June 30, 2025 June 30, 2026 June 30, 2025 Net income attributable to Parsons Corporation ($15,219) $55,23
Slide 21: Adjusted EBITDA Attributable to NCI
ADJUSTED EBITDA ATTRIBUTABLE TO NCI PARSONS CORPORATION Non-GAAP Financial Information Computation of Adjusted EBITDA Attributable to Noncontrolling Interests (in thousands) Three Months Ended Six Months Ended June 30, 2026 June 30, 2025 June 30, 2026 June 30, 2025 Federal Solutions Adjusted EBITDA
Slide 22: Adjusted Net Income Attributable to Parsons
ADJUSTED NET INCOME ATTRIBUTABLE TO PARSONS PARSONS CORPORATION Non-GAAP Financial Information Reconciliation of Net Income Attributable to Parsons Corporation to Adjusted Net Income Attributable to Parsons Corporation (in thousands, except per share information) Three Months Ended Six Months Ended