Jacobs Solutions získala zakázku od EnergyPathways na podporu britského projektu MESH pro ukládání energie. Projekt má mít výkon 300 MW / 55 GWh a více než 190 hodin ultra-dlouhodobého ukládání.
Key Takeaways Jacobs will support MESH consenting, regulation, stakeholder engagement and grid-connection work.MESH is planned as a 300MW/55GWh project providing more than 190 hours of ultra-long-duration storage.Jacobs has built CAES expertise since 2023 and has experience with the U.K. Development Consent Order process. Jacobs Solutions Inc. (J - Free Report) is strengthening its position in the energy-transition market with its appointment by EnergyPathways plc to support the U.K.’s MESH Energy Storage Project.
The engagement expands Jacobs’ exposure to long-duration energy storage, an increasingly important component of power systems as renewable generation creates greater demand for flexibility, reliability and grid resilience.
Jacobs Takes a Key Role in the MESH ProjectJacobs will support MESH’s consenting, regulatory and Development Consent Order process, with responsibilities spanning environmental planning, technical coordination, stakeholder engagement and grid-connection support. The company will also assist EnergyPathways with its submission to Ofgem’s forthcoming Long Duration Electricity Storage Cap & Floor financial system and assess evolving legislation and planning policies to identify consenting risks and streamline delivery.
The scale and technological scope of MESH make the appointment particularly relevant to Jacobs’ energy-transition prospects. The 300MW/55GWh project, planned for the Irish Sea with onshore infrastructure connecting into Barrow-in-Furness, is expected to become one of the U.K.’s largest integrated energy-storage developments. It will use compressed air energy storage (CAES), natural gas and hydrogen storage to help balance renewable generation and provide more than 190 hours of ultra-long-duration storage. EnergyPathways targets operations by 2031, subject to required consents and financing.
The appointment also builds on Jacobs’ existing capabilities. Since 2023, the company has been developing CAES expertise through lifecycle technical assessments and cost-benefit analysis against alternative storage technologies. Its established experience with the U.K.’s Development Consent Order process on nationally significant infrastructure projects further strengthens its ability to support complex energy-transition developments.
Jacobs’ Energy & Power Momentum Supports the OpportunityMESH also aligns with broader momentum in Jacobs’ Energy & Power business. In third-quarter fiscal 2026, Critical Infrastructure adjusted net revenues rose 9.4% year over year, led partly by Energy & Power, while management expects mid- to high-single-digit growth over the medium term. Jacobs’ backlog also climbed 27.3% to a record $28.9 billion during the quarter, supported by broad-based demand across Infrastructure & Advanced Facilities, providing solid visibility for continued growth.
Jacobs’ stock has climbed 18.5% year to date, outperforming the Zacks Building Products - Miscellaneous industry’s 0.4% gain. Beyond MESH, the company remains positioned to benefit from sustained demand across energy and power, transportation, water, advanced manufacturing and AI-related infrastructure. However, MESH is unlikely to materially impact near-term results, given regulatory and financing dependencies, while funding uncertainty, currency movements and higher leverage remain risks.
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J’s Zacks Rank & Key PicksJacobs currently carries a Zacks Rank #3 (Hold).
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Jacobs zvýšil výhled pro fiskální rok 2026 už potřetí v řadě díky silné poptávce po AI infrastruktuře. Backlog vzrostl o 27,3 % na rekordních 28,9 mld. USD.
Key Takeaways Jacobs leads with stronger growth momentum, earnings visibility and execution across infrastructure markets.J's backlog jumped 27.3% to a record $28.9B, while direct AI build-out reached 11% of adjusted net revenues.Jacobs raised fiscal 2026 guidance for a third straight quarter amid strong AI-related demand. Infrastructure investment is accelerating across transportation, water, energy, defense and digital infrastructure as governments and private-sector clients commit capital to modernize aging assets and support emerging technologies. AECOM (ACM - Free Report) and Jacobs Solutions Inc. (J - Free Report) are two major professional-services companies positioned to benefit from these trends, offering engineering, consulting, design and program-management capabilities across large and complex infrastructure markets. AECOM serves clients across water, environment, energy, transportation and buildings, while Jacobs operates across advanced manufacturing, energy, environmental, life sciences, transportation and water.
Both companies are expanding into higher-growth opportunities while emphasizing higher-value, less capital-intensive services. AECOM is benefiting from strong state and local infrastructure spending, growing water and defense pipelines, international opportunities and rising private-sector demand from data centers. Jacobs, meanwhile, is seeing particularly strong momentum in AI-related infrastructure, with data centers and semiconductors driving growth in its Life Sciences & Advanced Manufacturing business. Direct AI build-out represented 11% of Jacobs’ adjusted net revenues in the fiscal third quarter of 2026.
Let’s closely compare the fundamentals of the two stocks to determine which one has more upside.
The Case for AECOM StockAECOM continues to benefit from robust infrastructure spending despite a challenging third quarter of fiscal 2026. Total backlog increased 13% year over year to a record $27.8 billion, supported by record quarterly wins of $4.2 billion and a 1.6 book-to-burn ratio. Design wins alone reached $4 billion, while the design pipeline climbed to another record, strengthening visibility into future growth.
The company has broad opportunities across its major markets. U.S. state and local governments continue to prioritize highways, bridges, transit, rail and water infrastructure, while AECOM’s U.S. water pipeline expanded 30%. Defense is another growing opportunity, with its pipeline tied to its largest federal client increasing approximately 30% during the quarter. Private-sector investment is also accelerating, particularly in data centers, which management described as one of AECOM’s fastest-growing businesses.
International markets add another growth avenue. The UK is benefiting from water, environment and energy activity, including the Great Grid Upgrade and AMP8 programs. Australia posted double-digit growth, with backlog rising more than 40% year over year, while infrastructure wins continued in the Middle East despite geopolitical uncertainty.
AECOM is also targeting meaningful long-term profitability improvement. Excluding the construction management charge, fiscal 2026 adjusted EBITDA margin is expected to reach 17.4%. Management reaffirmed its target for a 20%-plus margin exit rate by fiscal 2028 and adjusted EPS growth of at least 15% annually from fiscal 2026 through fiscal 2029.
However, near-term execution risk has increased. AECOM recorded a $337 million pre-tax charge related to higher projected costs on a delayed construction management project. Consequently, reported fiscal 2026 guidance now calls for adjusted EPS of $3.95-$4.15 and free cash flow of approximately $300 million. The project is also expected to weigh on cash flow through the first half of fiscal 2027, while delayed construction-management project starts and the Middle East conflict are pressuring net sales revenue (NSR) growth.
The Case for Jacobs StockJacobs enters the comparison with stronger near-term operating momentum. Third-quarter of fiscal 2026 adjusted net revenues increased 8.3% year over year to $2.4 billion, adjusted EBITDA rose 16.7% to $367 million and adjusted EPS increased 13.6% to $1.84. Backlog surged 27.3% to a record $28.9 billion, providing substantial revenue visibility heading into fiscal 2027.
Growth is particularly strong across AI-related infrastructure. Life Sciences & Advanced Manufacturing adjusted net revenues increased 24.2% in the quarter, led by data centers and semiconductors. Direct AI build-out activity accounted for 11% of adjusted net revenues in the third quarter, with Jacobs benefiting from demand spanning data centers, semiconductors, Energy & Power and industrial water.
Jacobs is also securing sizable projects that reinforce this positioning. The company won a sole-source EPCM contract for Hut 8’s Beacon Point AI data center campus in Texas, which is designed to support one gigawatt of capacity. Meanwhile, transportation and Energy & Power remain strong contributors to its Critical Infrastructure business, providing diversification beyond AI-driven markets.
Reflecting this momentum, Jacobs raised fiscal 2026 guidance for the third consecutive quarter. Adjusted net revenue growth is now expected at 9.5-10%, adjusted EBITDA margin at 14.7-14.8%, adjusted EPS at $7.20-$7.30 and adjusted free cash flow margin at approximately 8%.
Stock Performance & ValuationAs witnessed from the chart below, in the year-to-date period, AECOM shares have underperformed Jacobs’, the broader Construction sector and the S&P 500 Index in the year-to-date period.
Image Source: Zacks Investment Research
From a valuation standpoint, AECOM is currently trading at a discount to Jacobs on a forward 12-month price-to-earnings (P/E) ratio basis.
Image Source: Zacks Investment Research
Comparing EPS Estimate Trends: ACM vs. JThe Zacks Consensus Estimate for ACM’s fiscal 2026 and fiscal 2027 earnings has trended downward over the past 30 days to $4.48 and $5.99 per share, respectively. The revised estimates imply a year-over-year decline of 14.8% in fiscal 2026, followed by growth of 33.7% in fiscal 2027.
ACM's EPS Trend
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The Zacks Consensus Estimate for J’s fiscal 2026 earnings has increased marginally over the past 30 days to $7.26 per share, while the fiscal 2027 estimate has remained unchanged at $8.30 per share. The estimates imply year-over-year earnings growth of 18.6% and 14.3% in fiscal 2026 and fiscal 2027, respectively.
J's EPS Trend
Image Source: Zacks Investment Research
Which Stock Has More Upside Now?Both AECOM and Jacobs are positioned to benefit from sustained infrastructure spending across transportation, water, energy, defense and other critical markets. ACM offers broad exposure to public infrastructure investment and long-term margin-expansion opportunities, while J has stronger momentum in data centers, semiconductors and AI-related infrastructure.
AECOM has meaningful long-term potential from its record backlog, expanding water and defense pipelines and targeted margin improvement. However, the $337 million construction management project charge, weaker near-term cash flow and delayed project starts remain concerns. ACM currently carries a Zacks Rank #5 (Strong Sell).
Jacobs, meanwhile, is benefiting from stronger backlog growth, improving margins and rising AI-related demand. The company has also raised its fiscal 2026 outlook for the third consecutive quarter, while the consensus estimate implies earnings growth of 18.6% in fiscal 2026 and 14.3% in fiscal 2027. J currently carries a Zacks Rank #3 (Hold).
Although AECOM offers recovery potential as its legacy project headwinds ease, Jacobs presents a more balanced combination of earnings visibility, growth momentum and execution. Overall, J has the edge over ACM at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Jacobs Solutions po poslední výsledkové zprávě přidala asi 1,7 % a zároveň zvýšila výhled pro fiskální rok 2026. Tržby ve 3. čtvrtletí vzrostly meziročně o 34,5 % na 4,08 miliardy USD.
A month has gone by since the last earnings report for Jacobs Solutions (J - Free Report) . Shares have added about 1.7% in that time frame, outperforming the S&P 500.
But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Jacobs Solutions due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.
Jacobs Q3 Earnings Meet Estimates, Revenues Up Y/YJacobs’ third-quarter fiscal 2026 (ended June 26, 2026) adjusted earnings met the Zacks Consensus Estimate but grew year over year. However, revenues topped the consensus mark and increased from the year-ago quarter.
The quarterly results were driven by strength in the Infrastructure & Advanced Facilities (I&AF) segment because of broad-based growth witnessed across data center, semiconductor, energy & power, transportation and water sectors. Besides, the company is benefiting from rising investment tied to Artificial Intelligence infrastructure. Businesses directly related to the AI build-out represented 11% of adjusted net revenues during the quarter, including data centers, semiconductors, energy and power, water and digital services.
Inside Jacobs’ Q3 ResultsJacobs reported adjusted earnings of $1.84 per share for the third quarter of fiscal 2026, in line with the Zacks Consensus Estimate, but up 13.6% from $1.62 in the year-ago quarter.
Gross revenues of $4.08 billion surpassed the consensus mark of $3.54 billion by 15.1% and rose 34.5% year over year. Adjusted net revenues, which exclude low-margin pass-through revenues, increased 8.3% year over year to $2.42 billion. Backlog climbed 27.3% to a record $28.89 billion.
Adjusted operating profit increased 10.8% to $341.8 million year over year, while the corresponding margin improved 30 basis points (bps) to 14.1%. Adjusted EBITDA advanced 16.7% to $366.8 million, and the margin expanded 110 bps to 15.2%.
Jacobs' I&AF Segment Posts Solid ExpansionI&AF segment’s revenues surged 38.8% year over year to $3.75 billion. Adjusted net revenues advanced 9.9% to $2.09 billion, reflecting entirely organic growth. Segment operating profit rose 13.6% to $268.1 million. The operating margin expanded 40 bps to 12.8%, indicating that stronger volumes and execution translated into improved profitability despite an evolving revenue mix.
Life Sciences & Advanced Manufacturing delivered the strongest top-line growth. Gross revenues jumped 116.6% to $1.63 billion, while adjusted net revenues rose 24.2% to $476 million, led by data center and semiconductor activity. Critical Infrastructure gross revenues increased 7.2% to $1.23 billion, with adjusted net revenues up 9.4% to $1.01 billion. Water & Environmental gross revenues grew 10.8% to $889 million, although adjusted net revenue growth was limited to 1.5% as environmental activity offset solid water demand.
Jacobs' PA Consulting Margin ImprovesPA Consulting generated revenues of $329.5 million, down about 1% from the year-ago quarter. However, operating profit increased 1.7% to $73.6 million and the operating margin expanded 50 bps to 22.3% year over year.
PA Consulting backlog reached $459 million, up 9.3% year over year, supporting management’s confidence in the segment’s opportunity pipeline following the acquisition of the remaining ownership stake.
J's Cash Flow StrengthensJacobs generated $456.1 million in reported operating cash flow and spent $25.1 million on capital expenditures. Adjusted free cash flow, excluding accelerated employee-related payments connected with the PA Consulting transaction, totaled $541 million. The company ended the quarter with $1.17 billion in cash and cash equivalents and $3.58 billion in long-term debt. Net leverage declined to 1.8 times adjusted EBITDA, falling below the fiscal year-end target ahead of schedule.
Jacobs repurchased $142 million of shares during the quarter, bringing fiscal year-to-date buybacks to $614 million. It also declared a quarterly dividend of 36 cents per share, representing a 12.5% year-over-year increase.
Jacobs Raises Fiscal 2026 ExpectationsManagement raised the midpoint of its fiscal 2026 adjusted earnings outlook for the third consecutive quarter. Adjusted earnings are now expected between $7.20 and $7.30 per share, compared with the previous range of $7.10-$7.35. Adjusted net revenue growth is projected at 9.5-10%, up from the prior 8-10.5% range. The adjusted EBITDA margin is expected between 14.7% and 14.8% (compared with 14.6-14.9% expected earlier), while the adjusted free cash flow margin is forecast at approximately 8%.
The outlook reflects strong execution, record backlog and continued private-sector and utility capital spending. Jacobs also expects an extra week in the fourth quarter to benefit adjusted net revenue growth.
How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a upward trend in fresh estimates.
VGM ScoresCurrently, Jacobs Solutions has a nice Growth Score of B, though it is lagging a bit on the Momentum Score front with a C. Following the exact same course, the stock has a score of C on the value side, putting it in the middle 20% for value investors.
Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. Notably, Jacobs Solutions has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Key Takeaways Quanta's backlog hit $53.4B, up 49% year over year, as data centers and grid projects drive demand.PWR expects 2026 revenues of $39.3-$39.7 billion and adjusted EPS of $16.45-$16.95.Jacobs' backlog reached $28.9B, while the data center business grew more than 100% year over year. Infrastructure-services companies like Quanta Services, Inc. (PWR - Free Report) and Jacobs Solutions Inc. (J - Free Report) operate in a space involving engineering, construction and large-scale capital projects, offering investors exposure to long-term infrastructure spending and electrification. Benefiting from the mega public infrastructure spending cycle, these two market giants are shuffling between market opportunities amid a shaky geopolitical scenario.
Quanta is a leading provider of electric power and utility infrastructure solutions, with a strong focus on transmission, distribution and large-scale energy projects. Meanwhile, Jacobs offers professional, technical and construction services to industrial, commercial and governmental clients.
Let’s closely compare the fundamentals of the two infrastructure stocks to determine which one is a better investment now.
The Case for Quanta StockQuanta’s mix across transmission and distribution, grid hardening, renewable integration and generation gives it multiple paths to participate as those plans become multi-year capital programs. The ongoing expansion of data centers, grid modernization, renewable generation and advanced manufacturing is driving customers to undertake larger, multi-year infrastructure programs. These favorable trends helped drive total backlog to a record $53.4 billion as of June 30, 2026, up 49% year over year from $35.8 billion in June 2025. Management believes the company is still in the early stages of the current demand cycle, with larger utility-generation and technology/load center programs expected to build over the coming years.
Additionally, PWR’s acquisition strategy is creating another growth avenue while complementing organic opportunities. Acquisitions of Phalcon, Enerfab, Percheron and PSD expand its electrical, mechanical, fabrication, engineering and front-end capabilities while broadening exposure to data centers, power generation, advanced manufacturing, utilities and other critical infrastructure. Management expects the four acquisitions to contribute $1.2-$1.4 billion in revenues and $120-$140 million in adjusted EBITDA in 2026, with their contribution reflected in the raised full-year outlook.
Quanta now forecasts consolidated revenues of $39.3-$39.7 billion (compared with the prior expectations of $34.7-$35.2 billion) and adjusted EPS of $16.45-$16.95 (compared with the earlier projection of $13.55-$14.25). Moreover, adjusted EBITDA is projected to be $4.09-$4.21 billion, up from the earlier expectation of $3.49-$3.65 billion.
The company’s strong project execution capabilities remain a key competitive advantage, supporting both customer retention and long-term growth, besides market tailwinds. Moreover, the combination of liquidity, improving leverage, cash generation and disciplined capital allocation gives Quanta the capacity to pursue acquisitions, invest in growth and continue returning capital to shareholders. Yet, management continues to identify weather, regulation, permitting and project timing as factors that can alter revenues, work mix and margins.
The Case for Jacobs StockJacobs continues to benefit from long-term structural demand across data centers, semiconductors, water infrastructure, transportation and energy & power, reporting more than 100% year-over-year growth in its data center business, supported by accelerating AI investments and strong hyperscaler demand. As of the third quarter of fiscal 2026, backlog reached a record $28.9 billion, up 27.3% year over year from $22.7 billion. During the third quarter of fiscal 2026, direct AI build-out activity represented 11% of adjusted net revenues, up about 100 basis points sequentially. Management expects data center and semiconductor growth to continue and believes its addressable market is expanding as clients seek advisory, design, digital twin and full program delivery capabilities from a single provider.
Moreover, Jacobs’ “Challenge Accepted” strategy continues to shift the portfolio toward science-based consulting, digital delivery and full lifecycle program management. Full ownership of PA Consulting expands the company’s presence in digital transformation, defense, regulated infrastructure and complex consulting assignments. PA Consulting backlog reached $459 million as of the third quarter of fiscal 2026, up 9.3% year over year, supporting management’s confidence in the segment’s opportunity pipeline following the acquisition of the remaining ownership stake.
Owing to improving trends, Jacobs raised the midpoint of its fiscal 2026 outlook. The company now expects adjusted earnings between $7.20 and $7.30 per share, compared with the previous range of $7.10-$7.35. Adjusted net revenue growth is projected at 9.5-10%, up from the prior 8-10.5% range. The adjusted EBITDA margin is expected between 14.7% and 14.8% (compared with 14.6-14.9% expected earlier).
However, with Jacobs’ infrastructure and consulting operations remaining exposed to government budgets, regulatory priorities and project approval cycles, there exist revenue flow risks. Besides, exposure to large projects also creates quarterly volatility in gross revenues and book-to-bill measures. Delays, scope changes or inaccurate cost estimates could weaken profitability and cash collection.
Stock Performance & ValuationAs witnessed from the chart below, in the year-to-date period, Quanta’s share price performance is above Jacobs’ and the broader Construction sector.
Image Source: Zacks Investment Research
Considering valuation, over the last five years, Quanta has been trading above Jacobs on a forward 12-month price-to-earnings (P/E) ratio basis.
Image Source: Zacks Investment Research
Overall, from these technical indicators, it can be deduced that PWR stock offers an increasing growth trend but with a premium valuation, while J stock offers a diminishing growth trend with a discounted valuation.
Comparing EPS Estimate Trends: PWR vs. JThe Zacks Consensus Estimate for PWR’s 2026 and 2027 earnings has trended upward in the past 30 days to $16.37 and $18.96 per share, respectively. The revised estimates for 2026 and 2027 imply year-over-year growth of 52.3% and 15.8%, respectively.
PWR's EPS Trend
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for J’s fiscal 2026 and fiscal 2027 earnings has increased in the past 30 days to $7.26 and $8.28 per share, respectively. The revised estimates for fiscal 2026 and fiscal 2027 imply year-over-year growth of 18.6% and 14%, respectively.
J's EPS Trend
Image Source: Zacks Investment Research
Return on Equity (ROE) of PWR & J StocksJacobs’ trailing 12-month ROE of 23.96% exceeds Quanta’s average, underscoring its efficiency in generating shareholder returns.
Image Source: Zacks Investment Research
Should Investors Invest in PWR Stock or J Stock?Quanta’s growth is being supported by data-center expansion, grid modernization, electrification and power-generation demand, enabling it to raise its 2026 outlook significantly, with adjusted EPS now projected at $16.45-$16.95. The consensus estimate implies 52.3% and 15.8% earnings growth in 2026 and 2027, respectively, while recent acquisitions should further strengthen its capabilities and revenue base.
Jacobs also benefits from robust structural demand, particularly in data centers and semiconductors, with direct AI build-out activity expanding rapidly. The company has also raised its fiscal 2026 outlook. However, its earnings growth trajectory is comparatively slower, with the consensus estimate pointing to 18.6% and 14% growth for fiscal 2026 and 2027, respectively.
Notably, PWR stock currently trades at a premium valuation compared with J stock, while the latter boasts a higher 23.96% ROE than the former. Nevertheless, Quanta’s accelerating backlog, stronger earnings growth, raised outlook and the current Zacks Rank #1 (Strong Buy) outweigh its premium valuation, compared with Jacobs, which currently carries a Zacks Rank #3 (Hold). Thus, PWR stock appears to be a more compelling choice for growth-oriented investors over J stock now. You can see the complete list of today’s Zacks #1 Rank stocks here.
Danske Bank A/S ve 2. čtvrtletí koupila nový podíl v Jacobs Solutions za zhruba 932 000 USD. Firma zároveň oznámila čtvrtletní výnosy 2,42 miliardy USD a EPS 1,84 USD.
Danske Bank A S acquired a new stake in shares of Jacobs Solutions Inc. (NYSE:J – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,400 shares of the company’s stock, valued at approximately $932,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its position in Jacobs Solutions by 737.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 159,189 shares of the company’s stock valued at $21,086,000 after acquiring an additional 140,179 shares during the last quarter. Kepler Cheuvreux Suisse SA acquired a new position in Jacobs Solutions during the fourth quarter worth about $2,161,000. Crossmark Global Holdings Inc. lifted its holdings in shares of Jacobs Solutions by 360.3% in the fourth quarter. Crossmark Global Holdings Inc. now owns 24,819 shares of the company’s stock worth $3,288,000 after acquiring an additional 19,427 shares during the last quarter. Catalyst Funds Management Pty Ltd bought a new position in shares of Jacobs Solutions in the fourth quarter worth about $3,312,000. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Jacobs Solutions by 24.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 852,803 shares of the company’s stock valued at $112,962,000 after purchasing an additional 169,059 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades Several equities research analysts recently issued reports on J shares. Truist Financial decreased their price target on shares of Jacobs Solutions from $150.00 to $149.00 and set a “hold” rating on the stock in a report on Thursday, July 2nd. Royal Bank Of Canada increased their price objective on shares of Jacobs Solutions from $171.00 to $174.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Wall Street Zen upgraded shares of Jacobs Solutions from a “hold” rating to a “buy” rating in a research report on Saturday. Citigroup boosted their target price on shares of Jacobs Solutions from $180.00 to $181.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Finally, Wells Fargo & Company lowered their price target on shares of Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating for the company in a report on Thursday, May 7th. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $153.70.
Check Out Our Latest Analysis on Jacobs Solutions Jacobs Solutions Price Performance Jacobs Solutions stock opened at $149.77 on Friday. The stock has a 50-day moving average price of $133.18 and a two-hundred day moving average price of $129.91. Jacobs Solutions Inc. has a 12 month low of $105.68 and a 12 month high of $168.44. The company has a market capitalization of $17.68 billion, a PE ratio of 53.11, a P/E/G ratio of 1.45 and a beta of 0.68. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.10.
Jacobs Solutions (NYSE:J – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.01. Jacobs Solutions had a return on equity of 23.96% and a net margin of 2.40%.The company had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.40 billion. During the same period in the previous year, the business posted $1.62 earnings per share. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. Analysts expect that Jacobs Solutions Inc. will post 7.26 EPS for the current year.
Jacobs Solutions Dividend Announcement The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, August 21st will be given a dividend of $0.36 per share. The ex-dividend date is Friday, August 21st. This represents a $1.44 annualized dividend and a yield of 1.0%. Jacobs Solutions’s dividend payout ratio (DPR) is currently 51.06%.
Insiders Place Their Bets In other Jacobs Solutions news, President Patrick Hill sold 17,201 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $144.10, for a total transaction of $2,478,664.10. Following the sale, the president directly owned 67,356 shares of the company’s stock, valued at $9,705,999.60. The trade was a 20.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.48% of the stock is owned by insiders.
(Free Report)
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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Jacobs uvedl, že AI projekty tvořily ve 3. fiskálním čtvrtletí 11 % upravených čistých tržeb. Rekordní backlog ve výši 28,9 mld. USD má podpořit další růst.
Key Takeaways Jacobs' AI-related work reached 11% of adjusted net revenues, spanning key infrastructure markets.Advanced Facilities growth and a $28.9B backlog position Jacobs for AI infrastructure demand.Digital expansion boosts growth, but larger projects raise execution and cash conversion risks. Jacobs Solutions Inc. (J - Free Report) is turning Artificial Intelligence infrastructure into a meaningful growth engine. Fiscal third-quarter results showed that the opportunity now extends beyond data centers into semiconductors, power, industrial water and digital services.
The breadth of that exposure could support a longer growth runway than a single-market data-center cycle. It also raises the importance of execution as Jacobs takes on larger, more complex programs with demanding schedules and supply chains.
Jacobs’ AI Revenue Exposure Reaches 11%Businesses directly related to the Artificial Intelligence build-out represented 11% of adjusted net revenues in the fiscal third quarter, up about 100 basis points sequentially. The measure includes data centers, semiconductors, energy and power, water and digital services tied to those projects.
That mix reduces dependence on one type of Artificial Intelligence spending. Data centers require chip capacity, transmission infrastructure, cooling systems and digital tools, allowing Jacobs to participate at several points in the investment cycle.
J’s Advanced Facilities Business AcceleratesLife Sciences and Advanced Manufacturing adjusted net revenues increased 24.2% year over year to $476 million. Gross revenues in the category surged 116.6% to $1.63 billion, reflecting strong data-center and semiconductor activity as well as a larger amount of pass-through work.
Peer activity points to broad sector demand. Fluor Corporation (FLR - Free Report) reported new awards across data centers and power markets in its first-quarter 2026 update. AECOM (ACM - Free Report) also entered the year with record backlog and pipeline, highlighting continued spending across infrastructure and design services.
Jacobs Expands Beyond Design ServicesJacobs is widening its role from advisory and design into digital twins and full program delivery. That expanded scope can increase the value of each client relationship and position the company earlier in project planning and later in execution.
Its repeat sole-source engineering, procurement and construction management contract for Hut 8’s planned one-gigawatt Beacon Point campus illustrates the potential scale. Jacobs is also applying design elements from an earlier Hut 8 project and using a data-center digital twin to help reduce commissioning risk and shorten the path to operation.
J’s Backlog Can Extend the AI OpportunityTotal backlog reached a record $28.9 billion, up 27.3% year over year. The quarterly gross revenue book-to-bill ratio was 1.5, while the trailing 12-month ratio stood at 1.4.
Net revenues and gross profit embedded in backlog increased 11% and 14%, respectively. Continued bookings across data centers, semiconductors and supporting infrastructure could keep artificial intelligence-related work contributing beyond the current fiscal year.
Jacobs Faces Scale-Related Execution RisksLarge programs carry procurement, subcontractor, scheduling and commissioning risks. Delays, scope changes or inaccurate cost estimates can pressure margins and cash collection, particularly when multiple suppliers and jurisdictions are involved.
Pass-through revenues can also increase quarterly volatility. Jacobs generated gross revenue growth of 34.5% in the quarter, while adjusted net revenue growth was 8.3%, showing how client-funded materials and subcontracting can widen the gap between reported and underlying growth.
J’s Ratings Reflect Momentum but Mixed FundamentalsThe bottom line is that Artificial Intelligence infrastructure gives Jacobs a credible path to faster growth, broader client relationships and greater revenue visibility. The opportunity remains investable, but execution and cash conversion will determine how much of that demand reaches earnings.
Jacobs currently carries a Zacks Rank #2 (Buy), which supports a constructive near-term view. Its Momentum Score of B aligns with favorable price and estimate trends, while the Growth Score of D and VGM Score of D point to a less consistent profile across styles. Investors may therefore view the theme positively without overlooking valuation, project risk and financial discipline. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Jacobs Solutions zvýšila svůj celoroční výhled už potřetí za sebou po růstu organických tržeb, marží a rekordním objemu zakázek 29 miliard USD. Upravený zisk na akcii vzrostl meziročně asi o 14 % na 1,84 USD.
Jersey Mike's Serves Fresh Gains After IPO StumbleJacobs Solutions NYSE: J reported fiscal third-quarter 2026 results marked by organic revenue growth, margin expansion and a record backlog, prompting the company to raise its full-year outlook for the third consecutive quarter.
Chair and CEO Bob Pragada said adjusted earnings per share increased approximately 14% year over year to $1.84, supported by more than 8% adjusted net revenue growth and more than 100 basis points of margin expansion. The company recorded its sixth consecutive quarter of double-digit adjusted EPS growth, he said.
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The S&P 493 Are Staging a Comeback—This Value ETF Offers Broad ExposureAdjusted EBITDA rose 17% to $367 million, while adjusted EBITDA margin reached 15.2%, up 109 basis points from a year earlier, according to CFO Venk Nathamuni. Gross revenue increased more than 34%, while adjusted net revenue, excluding pass-through revenue, grew more than 8%.
Record Backlog and Higher Full-Year Outlook Consolidated backlog rose more than 27% year over year to a record $29 billion. Jacobs reported trailing-12-month book-to-bill ratios of 1.4x on gross revenue and 1.2x on net revenue. Net revenue and gross profit in backlog increased 11% and 14%, respectively, from the prior year.
Large Caps Across Planes, Tech and Oil Announce Over $10 Billion in BuybacksPragada said the company sees “convergence of backlog growth and overall revenue growth” and expects another strong bookings performance in the fiscal fourth quarter. Nathamuni said the backlog position provides confidence that fiscal 2027 growth can at least align with the company’s previously stated long-term average, though he deferred specific fiscal 2027 guidance until the next earnings call.
For fiscal 2026, Jacobs raised its outlook for adjusted net revenue growth to 9.5% to 10%. The company narrowed its adjusted EBITDA margin forecast to 14.7% to 14.8% and increased its adjusted EPS outlook to $7.20 to $7.30. The midpoint of the EPS range implies nearly 19% year-over-year adjusted EPS growth, Nathamuni said.
For the fourth quarter, Jacobs expects approximately 14% year-over-year net revenue growth, adjusted EBITDA margin of about 16%, a tax rate near 27.5%, and approximately $150 million in free cash flow.
Advanced Manufacturing and AI Infrastructure Drive Growth Infrastructure & Advanced Facilities, or I&AF, generated nearly $2.1 billion in net revenue, a quarterly record for the segment. Segment operating profit increased 14% on 10% net revenue growth.
Within I&AF, life sciences and advanced manufacturing net revenue climbed 24% year over year, the company’s highest reported growth rate in that end market since it began disclosing end-market results in late 2024. Data center and semiconductor activity were major contributors, and Jacobs expects the trend to continue in the fourth quarter.
Direct AI infrastructure build-out represented 11% of adjusted net revenue as of the third quarter, up about 100 basis points from the previous quarter. Pragada said Jacobs has expanded its data center scope from technical advisory and design to digital twins and full program delivery, while also applying water, environmental, power and digital capabilities to support both private-sector clients and utilities.
Among its awards, Jacobs received a sole-source engineering, procurement and construction management contract from Hut 8 for the Beacon Point AI data center campus in Texas. The multiphase site is designed to support 1 gigawatt of total capacity, with initial energization targeted for 2027. Jacobs is also leading program delivery for Hut 8’s River Bend campus in Louisiana.
In the semiconductor market, Pragada said customers are pushing the company to accelerate designs. He said Jacobs is working for the largest high-bandwidth memory chip manufacturer in the U.S. and is seeing its pipeline grow, including through its longstanding relationship with Intel.
Water, Environmental and Infrastructure Trends Critical infrastructure net revenue increased 9% in the quarter, led by transportation and energy and power activity. Nathamuni said Jacobs continues to expect the end market to grow at a mid-to-high single-digit rate over the medium term.
Pragada said transportation growth was led by aviation, rail, ports and maritime, with highways and bridges also contributing during the third quarter. Energy and power posted double-digit growth, primarily from U.S. transmission and distribution activity, while international growth was supported by generation and renewable-energy work.
Water and environmental net revenue grew slightly more than 1%, as strength in water was partly offset by continuing year-over-year environmental headwinds. The company expects sequential improvement in the fourth quarter following recent awards activity.
Jacobs was selected to provide program management and technical environmental services for the U.S. Navy’s Environmental Restoration Program across the Mid-Atlantic and Puerto Rico. The work includes contaminated-site restoration, including PFAS and munitions-related projects. The company also won the Central Utah Water Conservancy District’s Strawberry High Line Improvement Project, part of the broader approximately $1.5 billion Nebo Regional Water Project.
Pragada said environmental awards during the quarter included two sizable, unnamed private-sector industrial contracts, along with public-sector opportunities involving PFAS and Department of Defense regulatory work. He said the environmental business posted book-to-bill above 1.3x for the quarter and is expected to return to its prior growth levels in fiscal 2027.
Cash Flow, Repurchases and PA Consulting Jacobs generated $541 million in adjusted free cash flow in the third quarter, excluding $110 million of payments related to proceeds from the PA transaction. Year-to-date adjusted free cash flow totaled $633 million.
The company repurchased $614 million of shares through the third quarter, bringing total repurchases since the beginning of fiscal 2025 to $1.4 billion. Including dividends, Jacobs said it is on track to return more than 100% of free cash flow to shareholders for the second consecutive year. Net leverage declined to 1.8x, reaching the company’s below-2.0x target one quarter early. Jacobs still plans to reduce net leverage to about 1.5x by the end of fiscal 2027.
PA Consulting operating profit increased 2% on roughly flat revenue, while its operating margin remained above 22%. Nathamuni said a recent change in U.K. government leadership temporarily delayed project starts, but the company has seen a return toward normal conditions and expects solid sequential revenue growth in the fourth quarter.
Management said future margin expansion should be supported by operating leverage, greater use of global delivery and business mix. Pragada added that Jacobs expects margin improvement to be balanced between I&AF and PA Consulting as it advances cost synergies at PA.
About Jacobs Solutions (NYSE:J)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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Jacobs Solutions Inc. (J) Q3 2026 Earnings Call August 4, 2026 4:30 PM EDT
Company Participants
Bert Subin - Senior Vice President of Investor Relations
Robert Pragada - CEO & Chair of the Board
Venkatesh Nathamuni - Executive VP & CFO
Conference Call Participants
Andrew Kaplowitz - Citigroup Inc., Research Division
Sangita Jain - KeyBanc Capital Markets Inc., Research Division
Steven Fisher - UBS Investment Bank, Research Division
Jamie Cook - Truist Securities, Inc., Research Division
Andrew J. Wittmann - Robert W. Baird & Co. Incorporated, Research Division
Charles Albert Dillard - Bernstein Institutional Services LLC, Research Division
Michael Dudas - Vertical Research Partners, LLC
Andrew Azzi - Wells Fargo Securities, LLC, Research Division
Presentation
Operator
Hello everyone. Thank you for joining us, and welcome to the Jacobs Fiscal Third Quarter 2026 Earnings Conference Call and Webcast.
[Operator Instructions]
I will now hand the conference over to Bert Subin, Senior Vice President of Investor Relations. Please go ahead.
Bert Subin
Senior Vice President of Investor Relations
Thank you, operator, and welcome, everyone. Following market close, we issued our earnings announcement, filed our Form 10-Q and posted a slide presentation on our website, which we'll reference during the call. I would like to refer you to Slide 2 of the presentation for information about our forward-looking statements, non-GAAP financial measures and operating metrics.
Now let's turn to the agenda on Slide 3. Speaking on today's call will be Jacobs' Chair and CEO, Bob Pragada; and CFO, Venk Nathamuni. Bob will begin by providing comments on the business as well as highlights of our third quarter results, and a recap of notable awards. Venk will then provide a detailed review of our financial performance, including commentary on end market trends, cash flow and balance sheet data as well as our updated outlook. Finally, Bob will provide closing remarks. Then we'll open up the call for questions. With that, I'll turn it over to our
Jacobs Solutions (J - Free Report) came out with quarterly earnings of $1.84 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $1.62 per share a year ago. These figures are adjusted for non-recurring items.
A quarter ago, it was expected that this construction and technical services company would post earnings of $1.64 per share when it actually produced earnings of $1.75, delivering a surprise of +6.71%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Jacobs Solutions, which belongs to the Zacks Building Products - Miscellaneous industry, posted revenues of $4.08 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 15.07%. This compares to year-ago revenues of $3.03 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Jacobs Solutions shares have added about 4.7% since the beginning of the year versus the S&P 500's gain of 11%.
What's Next for Jacobs Solutions?While Jacobs Solutions has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Jacobs Solutions was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.15 on $3.61 billion in revenues for the coming quarter and $7.23 on $14.17 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Building Products - Miscellaneous is currently in the top 40% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Owens Corning (OC - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on August 5.
This construction materials company is expected to post quarterly earnings of $3.06 per share in its upcoming report, which represents a year-over-year change of -27.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Owens Corning's revenues are expected to be $2.67 billion, down 2.8% from the year-ago quarter.
Jacobs Solutions čeká ve 3Q fiskálního roku 2026 růst tržeb na 3,54 miliardy USD a zisku na akcii na 1,84 USD. Backlog má vzrůst na 26,49 miliardy USD, tedy o 16,7 % meziročně.
Key Takeaways Jacobs' Q3 revenues may rise on demand across AI infrastructure, water and energy markets.PA Consulting, and Infrastructure & Advanced Facilities are expected to post y/y growth.Jacobs' backlog is projected at $26.49 billion, suggesting a 16.7% y/y rise, supported by strong bookings. Jacobs Solutions, Inc. (J - Free Report) is slated to report third-quarter fiscal 2026 results on Aug. 04, after market close.
In the last reported quarter, the company’s adjusted earnings and gross revenues topped the Zacks Consensus Estimate by 6.7% and 13.8%, respectively. On a year-over-year basis, adjusted earnings and gross revenues grew 22.4% and 27%, respectively.
Jacobs’ earnings beat the consensus mark in the last four quarters, the average surprise being 4%.
How Are Estimates Placed for Jacobs Stock?For the fiscal third quarter, the Zacks Consensus Estimate for earnings per share has been unchanged at $1.84 over the past 30 days. The estimate indicates 13.6% year-over-year growth from $1.62.
The consensus mark for gross revenues is pegged at $3.54 billion, indicating an increase of 16.9% from the year-ago reported figure of $3.03 billion.
Factors to Note Ahead of Jacobs' Q3 ResultsRevenuesJacobs’ revenues in the fiscal third quarter are expected to have increased year over year because of sustained demand across AI infrastructure, data centers, transportation modernization, water, energy and advanced manufacturing markets. This growth is likely to have been reflected in increased contributions from the company’s Infrastructure & Advanced Facilities segment (which accounted for 90.3% of gross revenues in the second quarter of fiscal 2026).
Healthy demand for digital consulting, national security, public sector advisory and European defense-related work is expected to have supported the PA Consulting segment’s growth (which contributed 9.7% to fiscal second-quarter gross revenues) during the fiscal third quarter.
The Zacks Consensus Estimate for revenues from the Infrastructure & Advanced Facilities and PA Consulting segments is pegged at $3.2 billion and $366 million, indicating year-over-year growth from $2.7 billion and $333 million, respectively.
Strong bookings activity, record backlog levels and a favorable book-to-bill ratio, supported by demand across key infrastructure and advanced facilities markets, are expected to have driven backlog growth in the fiscal third quarter. The consensus mark for backlog during the quarter is pinned at $26.49 billion, suggesting 16.7% year-over-year growth.
Although ongoing geopolitical tensions and elevated inflation are likely to have been headwinds, resilient demand across the company’s end markets and solid project execution are expected to have supported revenue growth.
EarningsThe bottom line of Jacobs is likely to have grown in the fiscal third quarter because of healthy project execution, favorable business mix and strong operating discipline across its businesses. Margin expansion is also likely to have benefited from the company’s operational improvement initiatives, disciplined cost management and increasing contributions from higher-margin businesses, including PA Consulting.
The Zacks Consensus Estimate for operating profit of the Infrastructure & Advanced Facilities and PA Consulting segments is pegged at $262 million and $83 million, implying year-over-year growth of 11% and 15.3%, respectively.
What the Zacks Model Says for JacobsOur proven model does not conclusively predict an earnings beat for Jacobs this time around. A combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. Unfortunately, this is not the case here.
J’s Earnings ESP: Jacobs has an Earnings ESP of 0.00%. You can uncover the best stocks before they are reported with our Earnings ESP Filter.
Jacobs’ Zacks Rank: The stock currently carries a Zacks Rank of 2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks With the Favorable CombinationHere are some stocks from the Zacks Construction sector, which, per our model, have the right combination of elements to deliver an earnings beat this time around.
Boise Cascade Company (BCC - Free Report) has an Earnings ESP of +6.50% and a Zacks Rank of 2 at present.
Boise Cascade’s earnings beat estimates in two of the last four quarters, missed on one occasion, and met on the remaining occasion, the average surprise being 40.8%. The company’s earnings for the second quarter of 2026 are expected to decline 25% year over year.
Amentum Holdings, Inc. (AMTM - Free Report) currently has an Earnings ESP of +3.18% and a Zacks Rank of 3.
Amentum’s earnings beat estimates in the last four quarters, the average surprise being 4%. The company’s earnings for the second quarter of 2026 are expected to increase 12.5% year over year.
Limbach Holdings, Inc. (LMB - Free Report) has an Earnings ESP of +0.26% and a Zacks Rank of 3 at present.
Limbach’s earnings beat estimates in three of the last four quarters and missed on the remaining one occasion, the average surprise being 37.3%. LMB’s earnings for the second quarter of 2026 are expected to rise 5.4% year over year.
Jacobs uzavřel s TransnetBW rámcovou dohodu o podpoře modernizace přenosové sítě v Německu. Firma bude zajišťovat povolování, návrh, řízení nákladů i stavební dohled.
Key Takeaways Jacobs joined TransnetBW's trusted partner pool to support major transmission infrastructure programs.The framework covers permitting, design, cost management, risk oversight and construction supervision.Jacobs' record $27 billion backlog and 1.4x book-to-bill ratio support strong revenue visibility. Jacobs Solutions Inc. (J - Free Report) has secured a multidisciplinary framework agreement with TransnetBW, one of Germany’s four major electricity transmission system operators, strengthening its position in Europe's accelerating energy transition. Instead of a single contract, the two companies have entered into a flexible agreement that places Jacobs in a pre-approved pool of trusted partners, allowing TransnetBW to assign work more efficiently without repeating the formal bidding process.
Under the agreement, Jacobs will provide end-to-end project delivery support across multiple transmission infrastructure programs. Its responsibilities will span environmental permitting, site investigations, engineering design, project and cost management, risk oversight and construction supervision. While TransnetBW will retain overall governance and final decision-making authority, Jacobs will contribute technical expertise to help deliver large-scale grid modernization projects safely, efficiently and in compliance with Germany's regulatory requirements.
Germany's Energy Transition Creates Long-Term OpportunityThe partnership strengthens Jacobs' presence in energy and power infrastructure, one of the company's fastest-growing end markets. As renewable energy capacity expands, Germany requires significant transmission upgrades to improve grid reliability and connect new clean-energy sources across the country.
Leveraging its established engineering and program management capabilities in Germany, Jacobs will help TransnetBW execute complex transmission projects through integrated technical delivery, environmental planning and disciplined project oversight. The collaboration also aligns with Jacobs' broader strategy of providing integrated lifecycle solutions, from planning and advisory services through construction management, for critical infrastructure projects.
The award comes amid rising investments in Germany's transmission network as renewable energy deployment and electrification increase demand for a stronger, more resilient power grid. It also positions Jacobs to capitalize on long-term infrastructure spending opportunities across Europe's energy market.
Record Backlog Supports Growth VisibilityThe TransnetBW framework further strengthens Jacobs' long-term growth outlook, supported by robust project demand across its key end markets. In the second quarter of fiscal 2026, the company reported a record backlog of $27 billion, up 22% year over year, while its trailing 12-month book-to-bill ratio remained a healthy 1.4x, reflecting continued strong bookings and revenue visibility. Management also raised its fiscal 2026 organic adjusted net revenue growth outlook to 8-10.5%, citing sustained momentum across data centers, semiconductors, water, energy and power, and transportation.
Recent project wins, including the Dallas Fort Worth International Airport Terminal S expansion, the San Francisco Southeast Wastewater Treatment Plant modernization and multiple hyperscaler data center projects, underscore Jacobs' ability to secure large, complex infrastructure programs across diversified end markets. This broad-based demand continues to reinforce the company's long-term growth strategy.
J’s Share Price PerformanceJacobs’ stock has declined 2.1% year to date against the Zacks Building Products - Miscellaneous industry’s 2.1% growth. Near-term performance could remain pressured by uncertainties surrounding infrastructure funding, foreign-exchange headwinds and higher leverage following the acquisition of the remaining stake in PA Consulting.
Image Source: Zacks Investment Research
Nevertheless, Jacobs remains well positioned for long-term growth, supported by its record backlog, improving bookings and sustained demand across mission-critical markets such as energy and power, transportation, water, advanced manufacturing and AI-related infrastructure.
J’s Zacks Rank & Key PicksJacobs currently carries a Zacks Rank #3 (Hold).
Some top-ranked stocks from the Construction sector are:
Argan, Inc. (AGX - Free Report) flaunts a Zacks Rank #1 (Strong Buy) at present. The company delivered a trailing four-quarter earnings surprise of 40.5%, on average. AGX stock has surged 94.4% year to date. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Argan’s 2026 sales and EPS indicates growth of 38% and 29.4%, respectively, from the prior-year levels.
Sterling Infrastructure, Inc. (STRL - Free Report) flaunts a Zacks Rank of 1 at present. The company delivered a trailing four-quarter earnings surprise of 29.1%, on average. STRL stock has jumped 118.4% year to date.
The Zacks Consensus Estimate for Sterling’s 2026 sales and EPS indicates growth of 59.2% and 75.7%, respectively, from the prior-year levels.
Everus Construction Group (ECG - Free Report) presently has a Zacks Rank #2 (Buy). The company delivered a trailing four-quarter earnings surprise of 62%, on average. ECG stock has climbed 61.8% year to date.
The Zacks Consensus Estimate for ECG’s 2026 sales and EPS indicates growth of 17% and 11.1%, respectively, from the year-ago period’s levels.
Jacobs získala tři nové zakázky od National Highways na obnovu a řízení projektů v britské silniční síti. Firma bude pracovat na viaduktech M32 Eastville a M5 Wynhol a povede tým pro nejméně 15 projektů.
Key asset renewal and project leadership roles to strengthen reliability of the U.K.’s strategic road network
DALLAS--(BUSINESS WIRE)--Jacobs (NYSE: J) is expanding its significant role in modernizing the U.K.'s infrastructure, securing three new commissions with National Highways. The awards reinforce Jacobs' position as a key provider across the strategic road network, supporting safety, reliability and long-term resilience for millions of road users.
Key asset renewal and project leadership roles to strengthen reliability of the U.K.’s strategic road network.
Share Jacobs has secured two commissions under the National Highways Technical Assurance and Asset Management Framework, delivering asset renewal and resilience projects that protect the performance of vital transport links. Jacobs will deliver the M32 Eastville Viaduct Stages 3–5 Detailed Design and the M5 Wynhol Viaduct Stages 1–2 Preliminary Design.
The Eastville Viaduct carries the M32 motorway into Bristol and serves as a key commuter and freight corridor connecting the city to the M4 and M5. Through detailed structural design and renewal planning, Jacobs will help extend the life of this critical asset, reducing the risk of disruptive, unplanned closures. For road users, this means improved safety and reduced congestion linked to reactive maintenance works.
On the M5, Jacobs’ preliminary design work at Wynhol Viaduct will assess structural needs and develop sustainable intervention options to safeguard the long-term resilience of one of the U.K.’s most important north–south freight routes.
In addition, Jacobs has been awarded a role on the Construction and Professional Management Services Lot 2 (Project Management Services Framework), leading a multi-disciplinary team delivering a minimum of 15 schemes. Over the five-year term — comprising an initial three-year period with two one-year extension options — Jacobs will help National Highways deliver projects that are strategically scoped with measurable benefits for road users and communities.
Jacobs Executive Vice President Richard Sanderson said: "These three strategic awards build on Jacobs' strong track record with National Highways. Together, we are focused on delivering resilient, future-ready infrastructure that keeps people and goods moving safely and reliably across the U.K."
These awards expand Jacobs' role across National Highways' major projects portfolio. The company also supports landmark programs such as the Lower Thames Crossing, designed to strengthen connectivity and long-term economic opportunity across southeast England.
To learn more about Jacobs' contributions to transportation infrastructure development, visit https://www.jacobs.com/industries/transportation
Jacobs employs more than 6,000 people across the U.K., operating from 15 core offices and over 35 additional sites. Working with U.K. government, local authorities and the private sector, Jacobs helps shape and deliver the nation’s most critical infrastructure, energy, environmental and community programs — creating social value by improving resilience, driving economic growth and enhancing quality of life.
At Jacobs, we're challenging today to reinvent tomorrow – delivering outcomes and solutions for the world’s most complex challenges. With approximately $12 billion in annual revenue and a team of approximately 47,000, we provide end-to-end services in advanced manufacturing, cities & places, energy, environmental, life sciences, transportation and water. From advisory and consulting, feasibility, planning, design, program and lifecycle management, we’re creating a more connected and sustainable world. See how at jacobs.com and connect with us on LinkedIn, Instagram, X and Facebook.
Certain statements contained in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that do not directly relate to any historical or current fact. When used herein, words such as "expects," "anticipates," "believes," "seeks," "estimates," "plans," "intends," "future," "will," "would," "could," "can," "may," and similar words are intended to identify forward-looking statements. We base these forward-looking statements on management's current estimates and expectations, as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements including, but not limited to, uncertainties as to, the timing of the award of projects and funding and potential changes to the amounts provided for under the Infrastructure Investment and Jobs Act and other legislation and executive orders related to governmental spending, including any directive to federal agencies to reduce federal spending or the size of the federal workforce, and changes in U.S. or foreign tax laws, including the tax legislation enacted in the U.S. in July 2025, statutes, rules, regulations or ordinances, including the impact of, and changes to tariffs and retaliatory tariffs or trade policies, that may adversely impact our future financial positions or results of operations, as well as general economic conditions, including inflation and the actions taken by monetary authorities in response to inflation, changes in interest rates and foreign currency exchange rates, changes in capital markets, the possibility of a recession or economic downturn, and increased uncertainty and risks, including policy risks and potential civil unrest, relating to the outcome of elections across our key markets and elevated geopolitical tension and conflicts, among others. For a description of these and additional factors that may occur that could cause actual results to differ from our forward-looking statements, see our filings with the U.S. Securities and Exchange Commission. The company is not under any duty to update any of the forward-looking statements after the date of this press release to conform to actual results, except as required by applicable law.
Jacobs získal zakázku na řízení výstavby dvou velkých dálničních projektů v Orange County v Kalifornii, které mají snížit dopravní zácpy a zlepšit plynulost dopravy na SR-91 a I-5.
Projects will ease congestion and improve travel reliability along two of Orange County’s most traveled corridors
DALLAS--(BUSINESS WIRE)--Jacobs (NYSE:J) has been selected by the Orange County Transportation Authority to provide construction management services for two major highway improvement projects designed to enhance mobility and reduce congestion in Orange County, California.
The SR-91 Improvement Project between La Palma and SR-55 will add a new eastbound general-purpose lane, widen bridges and reconstruct interchanges to improve traffic operations. SR‑91 carries more than 300,000 vehicles per day and is a critical connection between Orange County and the Inland Empire, where growing demand has increased congestion and delays.
Jacobs will also deliver construction management services for the I-5 Improvement Project between I-405 and Yale Avenue. This section of I-5 is one of the busiest in Southern California, with average daily traffic exceeding 275,000 vehicles. The project will enhance safety, improve travel times and support economic growth in the region.
Jacobs Executive Vice President Eva Wood said: “These projects are essential to improving mobility in one of the nation’s most congested regions. Los Angeles and Orange County drivers lose an average of 88 hours annually to traffic delays and with population and employment expected to grow by more than 20% combined by 2045, the need for efficient, resilient infrastructure has never been greater.”
Improvements to SR‑91 and I‑5 will support Orange County’s long‑range transportation plan, delivering measurable benefits for commuters, residents and visitors through congestion relief, increased reliability and modernized infrastructure.
Ranked No. 2 in Transportation by Engineering News-Record, Jacobs moves people, goods and freight – whether by road, rail, sea, underground or even through mountains. From enhancing connectivity with transportation agencies across California to improving safety and travel times with Ireland’s Dunkettle Interchange Upgrade, Jacobs delivers innovative, resilient solutions that improve mobility, reduce congestion and enhance safety for generations to come.
At Jacobs, we're challenging today to reinvent tomorrow – delivering outcomes and solutions for the world’s most complex challenges. With approximately $12 billion in annual revenue and a team of approximately 47,000, we provide end-to-end services in advanced manufacturing, cities & places, energy, environmental, life sciences, transportation and water. From advisory and consulting, feasibility, planning, design, program and lifecycle management, we’re creating a more connected and sustainable world. See how at jacobs.com and connect with us on LinkedIn, Instagram, X and Facebook.
Certain statements contained in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that do not directly relate to any historical or current fact. When used herein, words such as "expects," "anticipates," "believes," "seeks," "estimates," "plans," "intends," "future," "will," "would," "could," "can," "may," and similar words are intended to identify forward-looking statements. We base these forward-looking statements on management's current estimates and expectations, as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements including, but not limited to, uncertainties as to, the timing of the award of projects and funding and potential changes to the amounts provided for under the Infrastructure Investment and Jobs Act and other legislation and executive orders related to governmental spending, including any directive to federal agencies to reduce federal spending or the size of the federal workforce, and changes in U.S. or foreign tax laws, including the tax legislation enacted in the U.S. in July 2025, statutes, rules, regulations or ordinances, including the impact of, and changes to tariffs and retaliatory tariffs or trade policies, that may adversely impact our future financial positions or results of operations, as well as general economic conditions, including inflation and the actions taken by monetary authorities in response to inflation, changes in interest rates and foreign currency exchange rates, changes in capital markets, the possibility of a recession or economic downturn, and increased uncertainty and risks, including policy risks and potential civil unrest, relating to the outcome of elections across our key markets and elevated geopolitical tension and conflicts, among others. For a description of these and additional factors that may occur that could cause actual results to differ from our forward-looking statements, see our filings with the U.S. Securities and Exchange Commission. The company is not under any duty to update any of the forward-looking statements after the date of this press release to conform to actual results, except as required by applicable law.
