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PSN SHAREHOLDER INVESTIGATION: Levi & Korsinsky Investigates Parsons Corporation for Possible Securities Law Violations

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PSN The company significantly lowered its full-year guidance for both EBITDA and revenue, leading to a 35% stock drop. This was attributed to divestitures, lower pass-through costs, federal contract timing, and a canceled confidential program. Recent quarterly results showed a 72% year-over-year decrease in adjusted EBITDA and a net loss.

PSN SHAREHOLDER INVESTIGATION: Levi & Korsinsky Investigates Parsons Corporation for Possible Securities Law Violations NEW YORK CITY, NY / ACCESS Newswire / July 30, 2026 / Levi & Korsinsky notifies investors that it has commenced an investigation into Parsons Corporation ("Parsons Corporation") (NYSE:PSN) concerning potential violations of the federal securities laws.

Parsons Corporation lowered its full-year 2026 adjusted EBITDA guidance to $500-$560 million from $615-$675 million on July 29, 2026 -- a reduction of as much as $115 million -- and cut revenue guidance to $6.2-$6.5 billion from $6.5-$6.8 billion, and the stock dropped 35%.

The guidance cut was disclosed via Form 8-K. Management attributed the shortfall to ""planned divestitures," "lower pass-through costs," and "federal contract timing," as well as a confidential fixed-price contract that was "canceled by the administration."

That confidential program was described by Chair, President and CEO Carey Smith on the November 5, 2025 earnings call as follows: "The program is in a wind-down state, so we're basically demobilizing." The program generated $50 million of revenue in that quarter. It was later cited among the primary drivers of the fiscal 2026 shortfall. Reported adjusted EBITDA for the latest quarter was approximately $42 million, down roughly 72% year over year, alongside a net loss of about $15 million.

If you suffered a loss on your Parsons Corporation securities and would like to explore a potential recovery under the federal securities laws, Learn More About the Investigation or contact Joseph E. Levi, Esq. via email at [email protected] or call (212)363-7500 to speak to our team of experienced shareholder advocates.

WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

Ed Korsinsky, Esq.

33 Whitehall Street, 27th Floor

New York, NY 10004

[email protected]

Tel: (212)363-7500

Fax: (212)363-7171

SOURCE: Levi & Korsinsky, LLP