The third consecutive guidance raise and record backlog signal accelerating demand in AI infrastructure and data centers. Monitor the pace of government infrastructure spending and PA Consulting integration; current momentum supports continued upside into FY year-end.
Price Chart
Executive Summary
Jacobs Solutions reported strong FQ3 2026 results with gross revenue of $4.1B (+34.5% YoY) and adjusted EPS of $1.84 (+13.6% YoY), beating consensus revenue by ~15% and marginally exceeding EPS estimates. The company raised its full-year adjusted EPS and revenue growth guidance for the third consecutive quarter, citing broad-based strength in data centers, semiconductors, and infrastructure. Record backlog of $28.9B (+27% YoY) and $456M in operating cash flow reinforce the positive momentum.
Key Financial Metrics
Key Facts
- Gross revenue of $4.1B, up 34.5% YoY; adjusted net revenue of $2.4B, up 8.3% YoY (all organic in IAF)
- Adjusted EPS of $1.84 vs consensus $1.83 (+0.6% beat); GAAP EPS $1.16 (declined on PA acquisition-related charges)
- Record backlog of $28.9B, up 27.3% YoY, with TTM book-to-bill of 1.4x
- Raised FY2026 guidance: adjusted EPS to $7.20-$7.30 (from $7.10-$7.35); adj. net revenue growth to 9.5%-10.0% (from 8.0%-10.5%)
- Generated $456M cash from operations; adjusted free cash flow of $541M
- Repurchased $142M of shares in Q3, $614M year-to-date; reduced net leverage below year-end target
Financial Impact
Positive revenue surprise of ~15% vs consensus and raised full-year guidance; backlog growth of 27% supports future revenue visibility
Risk Factors
- Exposure to data center and semiconductor capex cycles
- Integration and cost synergy realization from PA Consulting acquisition
- Potential federal spending cuts or tariff impacts on construction projects
- Higher effective tax rate (43.4% GAAP) weighing on reported earnings
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-052563 |
| Document: j-20260804.htm | 0001628280-26-052563 |
| Document: 0001628280-26-052563-index-headers.html | 0001628280-26-052563 |
| Document: 0001628280-26-052563-index.html | 0001628280-26-052563 |
| Document: 0001628280-26-052563.txt | 0001628280-26-052563 |
| 8-K Data (Synthetic) | 0001628280-26-052563 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | Institutional Cluster | $145.88 | awaiting T+20 | — | $147.14 (−0.86%) |
Aug 14, 2026 10w ago | 8-K | $143.63 $144.91 | ▲ +0.89% | ▲ +2.87% | $147.14 (+2.44%) |
Aug 7, 2026 11w ago | GOVT-CONTRACT | $147.33 $144.27 | ▼ −2.08% | ▼ −1.16% | $147.14 (−0.13%) |
Aug 7, 2026 11w ago | GOVT-CONTRACT | $146.97 $144.27 | ▼ −1.84% | ▼ −0.92% | $147.14 (+0.11%) |
Aug 4, 2026 11w ago | 8-K | $144.67 $147.08 | ▲ +1.67% | ▲ +2.27% | $147.14 (+1.71%) |
Jun 11, 2026 19w ago | Institutional Cluster | $126.31 $125.84 | ▼ −0.37% | ▼ −2.26% | $147.14 (+16.49%) |
May 18, 2026 23w ago | Insider Cluster | $113.25 $124.82 | ▲ +10.21% | ▲ +8.63% | $147.14 (+29.92%) |
Apr 29, 2026 25w ago | 8-K | $125.57 $115.90 | ▼ −7.70% | ▼ −13.16% | $147.14 (+17.18%) |
US Market Status
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