Jacobs Solutions (NYSE:J – Get Free Report) announced its quarterly earnings data on Tuesday. The company reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.01, FiscalAI reports. The company had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.40 billion. Jacobs Solutions had a net margin of 2.92% and a return on equity of 22.29%. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period last year, the business earned $1.62 EPS. Jacobs Solutions updated its FY 2026 guidance to 7.200-7.300 EPS.
Here are the key takeaways from Jacobs Solutions’ conference call:
- Jacobs raised its FY2026 outlook for the third consecutive time, increasing adjusted net revenue growth to 9.5%–10%, adjusted EPS to $7.20–$7.30, and adjusted free cash flow margin to 8%. Management expects approximately 14% net revenue growth and a 16% adjusted EBITDA margin in Q4.
- Q3 adjusted EPS rose 14% to $1.84, while adjusted net revenue grew more than 8% organically and adjusted EBITDA margin expanded 109 basis points year over year to 15.2%. Share repurchases and operating leverage also supported earnings growth.
- Backlog reached a record $29 billion, up 27% year over year, with trailing book-to-bill of 1.4x on gross revenue and 1.2x on net revenue. Strong awards in advanced manufacturing, environmental services, transportation, water, and AI data centers provide management with increased visibility into FY2027 growth.
- AI infrastructure remains a major growth engine, with direct AI build-out revenue reaching 11% of adjusted net revenue and the related pipeline expanding significantly. Jacobs cited major data-center and semiconductor opportunities, including a sole-source EPCM contract for Hut 8’s planned 1-gigawatt Texas campus.
- Water and environmental revenue grew only slightly, at just over 1%, because of continued environmental-sector headwinds, while PA Consulting faced temporary project-start delays following a change in U.K. government leadership. Management expects improvement in both areas, but the timing and conversion of awards remain execution considerations.
Jacobs Solutions Trading Up 3.0%
Shares of J traded up $4.20 during trading hours on Tuesday, hitting $142.92. 1,359,389 shares of the stock traded hands, compared to its average volume of 860,922. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 1.24. Jacobs Solutions has a 1-year low of $105.68 and a 1-year high of $168.44. The firm has a market capitalization of $16.88 billion, a PE ratio of 20.86, a price-to-earnings-growth ratio of 1.35 and a beta of 0.68. The business has a fifty day moving average of $127.08 and a 200-day moving average of $129.14.
Jacobs Solutions Announces Dividend
Insider Transactions at Jacobs Solutions
In other Jacobs Solutions news, CEO Robert V. Pragada acquired 3,601 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The shares were acquired at an average price of $111.09 per share, with a total value of $400,035.09. Following the purchase, the chief executive officer owned 333,755 shares of the company’s stock, valued at $37,076,842.95. This represents a 1.09% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Manuel J. Fernandez acquired 403 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was bought at an average cost of $121.93 per share, for a total transaction of $49,137.79. Following the completion of the transaction, the director directly owned 12,251 shares in the company, valued at $1,493,764.43. This represents a 3.40% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have acquired 4,257 shares of company stock worth $477,651. Company insiders own 0.48% of the company’s stock.
Institutional Investors Weigh In On Jacobs Solutions
Several institutional investors have recently bought and sold shares of J. Vident Advisory LLC lifted its holdings in shares of Jacobs Solutions by 0.8% during the 2nd quarter. Vident Advisory LLC now owns 9,794 shares of the company’s stock valued at $1,287,000 after purchasing an additional 75 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of Jacobs Solutions by 10.4% during the third quarter. Parallel Advisors LLC now owns 915 shares of the company’s stock worth $137,000 after buying an additional 86 shares during the period. Kestra Private Wealth Services LLC grew its holdings in shares of Jacobs Solutions by 2.2% during the third quarter. Kestra Private Wealth Services LLC now owns 4,414 shares of the company’s stock worth $661,000 after buying an additional 93 shares in the last quarter. Benjamin Edwards Inc. raised its position in Jacobs Solutions by 4.5% in the 2nd quarter. Benjamin Edwards Inc. now owns 2,186 shares of the company’s stock valued at $287,000 after buying an additional 95 shares during the last quarter. Finally, First Citizens Bank & Trust Co. raised its holdings in shares of Jacobs Solutions by 4.8% in the fourth quarter. First Citizens Bank & Trust Co. now owns 2,168 shares of the company’s stock valued at $287,000 after purchasing an additional 99 shares during the last quarter. Institutional investors own 85.65% of the company’s stock.
Wall Street Analyst Weigh In
J has been the subject of several recent research reports. Truist Financial lowered their target price on Jacobs Solutions from $150.00 to $149.00 and set a “hold” rating for the company in a report on Thursday, July 2nd. Weiss Ratings lowered Jacobs Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Wells Fargo & Company lowered their price target on Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating on the stock in a report on Thursday, May 7th. KeyCorp cut their target price on Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Finally, Robert W. Baird decreased their price objective on shares of Jacobs Solutions from $130.00 to $126.00 and set a “neutral” rating for the company in a report on Monday, April 13th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Jacobs Solutions has an average rating of “Moderate Buy” and an average price target of $153.30.
Check Out Our Latest Report on Jacobs Solutions
Jacobs Solutions Company Profile
Jacobs Solutions Inc, commonly known as Jacobs, is a global professional services firm that provides technical, engineering, scientific and project delivery expertise across a broad range of industries. Founded in 1947 by Joseph J. Jacobs in Pasadena, California, the company evolved from a regional engineering consultancy into a diversified provider of design, program and construction management, operations and maintenance, and scientific services for complex infrastructure and industrial programs.
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