PSN shares tumbled after Q2 revs fall -1% Y/y to $1/6B vs est. $1.62B; Adjusted EPS for Q2 was negative (-$0.06) vs. est. +$0.76, missed ana
PSN shares tumbled after Q2 revs fall -1% Y/y to $1/6B vs est. $1.62B; Adjusted EPS for Q2 was negative (-$0.06) vs. est. +$0.76, missed analyst expectations, impacted by portfolio and JV charges; Q2 adj EBITDA fell -72% Y/y to $42M missing the $155M estimate; lowers FY 2026 revenue guidance to $6.2B-$6.5B from $6.5B-$6.8B and cuts FY 2026 adj EBITDA to $500M-$560M from $615M-$675M; shares tumble -22% premarket - watch shares of other gov't it service names CACI LDOS BAH KBR etc.
PSN shares tumbled after Q2 revs fall -1% Y/y to $1/6B vs est. $1.62B; Adjusted EPS for Q2 was negative (-$0.06) vs. est. +$0.76, missed analyst expectations, impacted by portfolio and JV charges; Q2 adj EBITDA fell -72% Y/y to $42M missing the $155M estimate; lowers FY 2026 revenue guidance to $6.2B-$6.5B from $6.5B-$6.8B and cuts FY 2026 adj EBITDA to $500M-$560M from $615M-$675M; shares tumble -22% premarket - watch shares of other gov't it service names CACI LDOS BAH KBR etc.