Andra AP fonden purchased a new position in Jacobs Solutions Inc. (NYSE:J – Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 42,128 shares of the company’s stock, valued at approximately $5,362,000.
Several other hedge funds and other institutional investors have also modified their holdings of the business. State Street Corp boosted its position in Jacobs Solutions by 3.4% during the 4th quarter. State Street Corp now owns 7,367,828 shares of the company’s stock valued at $975,942,000 after purchasing an additional 243,345 shares during the period. Morgan Stanley increased its position in Jacobs Solutions by 19.5% in the fourth quarter. Morgan Stanley now owns 3,379,681 shares of the company’s stock worth $447,673,000 after buying an additional 552,277 shares during the period. Geode Capital Management LLC increased its position in Jacobs Solutions by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 3,219,481 shares of the company’s stock worth $424,846,000 after buying an additional 28,076 shares during the period. Ninety One UK Ltd lifted its stake in Jacobs Solutions by 2.8% in the fourth quarter. Ninety One UK Ltd now owns 3,156,313 shares of the company’s stock valued at $418,085,000 after buying an additional 86,677 shares during the last quarter. Finally, Boston Partners lifted its stake in Jacobs Solutions by 3.7% in the third quarter. Boston Partners now owns 3,040,383 shares of the company’s stock valued at $456,746,000 after buying an additional 108,134 shares during the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Jacobs Solutions In related news, CEO Robert V. Pragada purchased 3,601 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average price of $111.09 per share, for a total transaction of $400,035.09. Following the transaction, the chief executive officer directly owned 333,755 shares of the company’s stock, valued at $37,076,842.95. This trade represents a 1.09% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Manuel J. Fernandez purchased 253 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was bought at an average cost of $112.56 per share, for a total transaction of $28,477.68. Following the purchase, the director directly owned 12,504 shares in the company, valued at $1,407,450.24. This represents a 2.07% increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have bought 4,257 shares of company stock valued at $477,651. 0.48% of the stock is currently owned by company insiders.
Jacobs Solutions Price Performance Shares of NYSE:J opened at $130.69 on Thursday. The stock has a market cap of $15.43 billion, a price-to-earnings ratio of 40.59, a PEG ratio of 1.26 and a beta of 0.69. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.43 and a quick ratio of 1.43. Jacobs Solutions Inc. has a 12 month low of $105.68 and a 12 month high of $168.44. The stock’s 50 day moving average price is $122.97 and its 200 day moving average price is $129.26.
Jacobs Solutions (NYSE:J – Get Free Report) last released its earnings results on Tuesday, May 5th. The company reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.11. The firm had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.28 billion. Jacobs Solutions had a return on equity of 22.29% and a net margin of 2.92%.Jacobs Solutions’s revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.43 earnings per share. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. Equities research analysts anticipate that Jacobs Solutions Inc. will post 7.23 earnings per share for the current fiscal year.
Jacobs Solutions Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Friday, May 22nd were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, May 22nd. Jacobs Solutions’s dividend payout ratio is currently 44.72%.
Wall Street Analyst Weigh In Several equities analysts have recently commented on J shares. Truist Financial lowered their price target on shares of Jacobs Solutions from $150.00 to $149.00 and set a “hold” rating for the company in a research report on Thursday, July 2nd. Citigroup lifted their price objective on shares of Jacobs Solutions from $180.00 to $181.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. KeyCorp reduced their target price on shares of Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. Wells Fargo & Company decreased their target price on shares of Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating for the company in a research report on Thursday, May 7th. Finally, Robert W. Baird dropped their price target on shares of Jacobs Solutions from $130.00 to $126.00 and set a “neutral” rating on the stock in a research note on Monday, April 13th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $153.30.
View Our Latest Research Report on Jacobs Solutions
Jacobs Solutions Company Profile (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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Investors with an interest in Building Products - Miscellaneous stocks have likely encountered both Jacobs Solutions (J - Free Report) and Advanced Drainage Systems (WMS - Free Report) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.
There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while our Style Scores work to identify stocks with specific traits.
Currently, Jacobs Solutions has a Zacks Rank of #2 (Buy), while Advanced Drainage Systems has a Zacks Rank of #5 (Strong Sell). This means that J's earnings estimate revision activity has been more impressive, so investors should feel comfortable with its improving analyst outlook. But this is only part of the picture for value investors.
Value investors are also interested in a number of tried-and-true valuation metrics that help show when a company is undervalued at its current share price levels.
The Value category of the Style Scores system identifies undervalued companies by looking at a number of key metrics. These include the long-favored P/E ratio, P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that help us determine a company's fair value.
J currently has a forward P/E ratio of 17.93, while WMS has a forward P/E of 21.22. We also note that J has a PEG ratio of 1.26. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. WMS currently has a PEG ratio of 1.50.
Another notable valuation metric for J is its P/B ratio of 4.66. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. For comparison, WMS has a P/B of 5.75.
Based on these metrics and many more, J holds a Value grade of B, while WMS has a Value grade of D.
J sticks out from WMS in both our Zacks Rank and Style Scores models, so value investors will likely feel that J is the better option right now.
California Public Employees Retirement System cut its holdings in shares of Jacobs Solutions Inc. (NYSE:J – Free Report) by 6.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 239,802 shares of the company’s stock after selling 16,272 shares during the quarter. California Public Employees Retirement System owned 0.20% of Jacobs Solutions worth $30,522,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its holdings 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 purchasing an additional 140,179 shares during the period. Kepler Cheuvreux Suisse SA acquired a new position in Jacobs Solutions during the 4th quarter worth $2,161,000. Crossmark Global Holdings Inc. increased its holdings in Jacobs Solutions by 360.3% during the 4th quarter. Crossmark Global Holdings Inc. now owns 24,819 shares of the company’s stock worth $3,288,000 after purchasing an additional 19,427 shares during the period. Catalyst Funds Management Pty Ltd purchased a new stake in Jacobs Solutions during the 4th quarter worth about $3,312,000. Finally, Goldman Sachs Group Inc. increased its holdings in Jacobs Solutions by 24.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 852,803 shares of the company’s stock worth $112,962,000 after purchasing an additional 169,059 shares during the period. Hedge funds and other institutional investors own 85.65% of the company’s stock.
Analyst Upgrades and Downgrades A number of research firms have issued reports on J. Wall Street Zen lowered Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Robert W. Baird lowered their price objective on Jacobs Solutions from $130.00 to $126.00 and set a “neutral” rating for the company in a research report on Monday, April 13th. Truist Financial cut their target price on shares of Jacobs Solutions from $150.00 to $149.00 and set a “hold” rating on the stock in a research note on Thursday, July 2nd. Citigroup raised their target price on shares of Jacobs Solutions from $180.00 to $181.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Finally, KeyCorp decreased their price target on shares of Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $153.10.
Check Out Our Latest Report on J
Jacobs Solutions Stock Performance Shares of J stock opened at $129.70 on Wednesday. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 1.24. The firm has a fifty day moving average price of $122.50 and a 200 day moving average price of $129.27. The company has a market cap of $15.32 billion, a P/E ratio of 40.28, a PEG ratio of 1.25 and a beta of 0.69. Jacobs Solutions Inc. has a 12 month low of $105.68 and a 12 month high of $168.44.
Jacobs Solutions (NYSE:J – Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.11. Jacobs Solutions had a return on equity of 22.29% and a net margin of 2.92%.The company had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same period last year, the firm earned $1.43 earnings per share. Jacobs Solutions’s quarterly revenue was up 8.9% on a year-over-year basis. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. Sell-side analysts predict that Jacobs Solutions Inc. will post 7.23 earnings per share for the current fiscal year.
Jacobs Solutions Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Friday, May 22nd were issued a $0.36 dividend. The ex-dividend date was Friday, May 22nd. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.1%. Jacobs Solutions’s dividend payout ratio is presently 44.72%.
Insider Transactions at Jacobs Solutions In other Jacobs Solutions news, Director Manuel J. Fernandez bought 403 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was purchased at an average price of $121.93 per share, for a total transaction of $49,137.79. Following the completion of the purchase, the director directly owned 12,251 shares in the company, valued at $1,493,764.43. This trade represents a 3.40% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert V. Pragada purchased 3,601 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average cost of $111.09 per share, with a total value of $400,035.09. Following the completion of the acquisition, the chief executive officer directly owned 333,755 shares of the company’s stock, valued at $37,076,842.95. This represents a 1.09% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders bought 4,257 shares of company stock worth $477,651. Company insiders own 0.48% of the company’s stock.
About Jacobs Solutions (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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DALLAS--(BUSINESS WIRE)-- #EnergySecurity--Jacobs selected by GBE–N to provide planning and consenting services for the proposed small modular reactors development in the U.K.
[url="]Jacobs[/url] (NYSE: J) has been selected by [url="]Great British Energy â Nuclear[/url] (GBE-N) to provide planning and consenting services for the pr
DALLAS--(BUSINESS WIRE)-- #OurJacobs--Jacobs is selected as one of several service providers under a multidisciplinary framework agreement with TransnetBW in Germany.
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).
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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 Solutions Inc. is rated a buy due to a robust contract backlog, diversified sector exposure, and active shareholder returns. J reported a 26.95% YoY revenue increase to $3.69B in Q2 2026, driven by its Infrastructure and Advanced Facilities segment. Recent acquisitions and new project wins, including major contracts in the US, UK, and Australia, underpin J's forward revenue visibility.
DALLAS--(BUSINESS WIRE)--Jacobs to deliver engineering design, planning, modernization for military installations across the US national capital region.
Project strengthens Australia’s renewables portfolio and supports the country’s energy goals
DALLAS--(BUSINESS WIRE)--Jacobs (NYSE: J) was selected by Tilt Renewables, a leading wind developer and operator, as Owner’s Engineer for its 288-megawatt (MW) Palmer Wind Farm near Adelaide, South Australia. The project will feature 407.2MW wind turbine generators which will connect to the grid at 275 kilovolts (kV) via two new substations and transmission line to the existing Tungkillo switching station.
Jacobs will provide delivery phase services, including design and documentation review, construction monitoring, grid connection support, site inspections and more. The project will be delivered under separate contractors for Turbine Supply and Installation works, Balance of Plant works and grid connection works. Construction will commence in 2026 and is expected to be completed in 2028.
Jacobs Executive Vice President Fiachra Ó Cléirigh said: “Our appointment as Owner’s Engineer for Palmer Wind Farm reinforces Jacobs’ position as a trusted delivery partner in Australia’s growing renewables market and supports our ongoing relationship with Tilt Renewables. By combining deep technical knowledge with commercial insight and site-based experience, we will help manage delivery risks, optimize performance and enable safe, reliable operations.”
Palmer Wind Farm will contribute to South Australia’s renewable energy capacity, supporting energy security and helping advance Australia’s decarbonization goals.
This appointment builds on Jacobs’ project portfolio across Australia, including major wind projects in Queensland, New South Wales and Victoria. Jacobs has supported renewable developments across the region for decades and brings deep experience working with area network service providers. Jacobs is also the Delivery Partner supporting the Marinus Link interconnector project – an approximately 214-mile (345 kilometer) strategic subsea high-voltage cable connecting the island state of Tasmania to the mainland grid in Australia.
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 talent force 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.
Jacobs employs more than 2,600 people across Australia, operating from 13 offices. Working with the Australian public and private sectors, 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.
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.
Key Takeaways Jacobs won Orange County contracts for SR-91 and I-5 highway improvement projects.The SR-91 work adds a lane, widens bridges and reconstructs interchanges to improve traffic flow.Jacobs reported a record $27B backlog in Q2 FY26. Jacobs Solutions Inc. (J - Free Report) has been awarded a contract by the Orange County Transportation Authority to provide construction management services for two major highway improvement projects in Orange County, CA. The projects are designed to reduce traffic congestion, improve travel reliability and modernize two of the region's busiest transportation corridors.
Following the news, shares of Jacobs inched up 1.8% during yesterday’s trading session.
Highway Projects Expand Jacobs' Transportation PortfolioOne of the projects focuses on upgrading State Route 91 (SR-91) by adding a new eastbound general-purpose lane, widening bridges and reconstructing interchanges to improve traffic flow. Carrying more than 300,000 vehicles daily, SR-91 is a critical connection between Orange County and the rapidly growing Inland Empire, where rising traffic volumes have resulted in persistent congestion and delays. The award further strengthens Jacobs' transportation infrastructure portfolio while supporting future revenue opportunities.
Jacobs will also oversee construction management for improvements along Interstate 5 between I-405 and Yale Avenue, one of Southern California's busiest freeway segments with average daily traffic exceeding 275,000 vehicles. The upgrades are expected to improve safety, reduce travel times and support regional economic growth. According to the company, motorists in Los Angeles and Orange County lose an average of 88 hours annually to traffic congestion, while the region's combined population and employment are projected to increase by more than 20% by 2045. Together, the SR-91 and I-5 projects support Orange County's long-term transportation strategy by easing congestion, improving travel reliability and modernizing critical highway infrastructure.
Record Backlog Reinforces Jacobs' Growth OutlookThe latest contract builds on Jacobs' strong business momentum. In the second quarter of fiscal 2026, the company reported a record backlog of $27 billion, up 22% year over year, with a trailing 12-month book-to-bill ratio of 1.4x on gross revenues and 1.2x on adjusted net revenues. The robust backlog reflects sustained demand across Jacobs' end markets and provides strong revenue visibility.
Jacobs also raised its fiscal 2026 organic net revenue growth guidance to 8-10.5%, citing continued strength across data centers, semiconductors, water, energy and power, and transportation. Recent project wins, including the Dallas Fort Worth International Airport Terminal S expansion and the San Francisco Southeast Wastewater Treatment Plant upgrade, further reinforce the company's positioning across critical infrastructure markets and support its long-term growth trajectory.
J’s Share Price PerformanceJacobs stock has dropped 4.9% year to date against the Zacks Building Products - Miscellaneous industry’s 7.1% growth. Near-term sentiment may remain pressured by infrastructure funding uncertainty, foreign exchange headwinds and higher leverage following the PA Consulting acquisition.
Even so, Jacobs continues to benefit from a strong backlog and healthy demand across transportation, water, energy and advanced manufacturing markets.
Image Source: Zacks Investment Research
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 of #1 (Strong Buy) at present. The company delivered a trailing four-quarter earnings surprise of 40.5%, on average. AGX stock has surged 154.9% 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 29.3%, 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 32.5%, on average. STRL stock has jumped 174.1% year to date.
The Zacks Consensus Estimate for Sterling’s 2026 sales and EPS indicates growth of 59.2% and 78.8%, respectively, from the prior-year levels.
Quanta Services, Inc. (PWR - Free Report) carries a Zacks Rank #2 (Buy) at present. The company delivered a trailing four-quarter earnings surprise of 10.2%, on average. PWR stock has climbed 70.6% year to date.
The Zacks Consensus Estimate for Quanta’s 2026 sales and EPS indicates growth of 22.1% and 30.7%, respectively, from the prior-year levels.
Investors interested in Building Products - Miscellaneous stocks are likely familiar with Jacobs Solutions (J) and Masco (MAS). But which of these two companies is the best option for those looking for undervalued stocks?
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.
Jacobs Solutions (J - Free Report) closed the last trading session at $124.39, gaining 4.6% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $157.13 indicates a 26.3% upside potential.
The average comprises 15 short-term price targets ranging from a low of $129.00 to a high of $181.00, with a standard deviation of $16.15. While the lowest estimate indicates an increase of 3.7% from the current price level, the most optimistic estimate points to a 45.5% upside. More than the range, one should note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.
While the consensus price target is a much-coveted metric for investors, solely banking on this metric to make an investment decision may not be wise at all. That's because the ability and unbiasedness of analysts in setting price targets have long been questionable.
However, an impressive consensus price target is not the only factor that indicates a potential upside in J. This view is strengthened by the agreement among analysts that the company will report better earnings than what they estimated earlier. Though a positive trend in earnings estimate revisions doesn't give any idea as to how much the stock could surge, it has proven effective in predicting an upside.
Price, Consensus and EPS Surprise
Here's What You Should Know About Analysts' Price TargetsAccording to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.
While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?
They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.
However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.
Here's Why There Could be Plenty of Upside Left in JThere has been increasing optimism among analysts lately about the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher. And that could be a legitimate reason to expect an upside in the stock. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Over the last 30 days, the Zacks Consensus Estimate for the current year has increased 0.1%, as one estimate has moved higher compared to no negative revision.
Moreover, J currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Therefore, while the consensus price target may not be a reliable indicator of how much J could gain, the direction of price movement it implies does appear to be a good guide.
The United Kingdom nuclear sector is making notable progress that reinforces its role in the European and broader global nuclear renaissance. Recent announcements span technology cooperation with Japan, an export win in Sweden, and critical site preparation work at home. These developments show how established engineering, fuel cycle, and reactor design capabilities are converting policy support into tangible revenue opportunities for nuclear players.
Key Takeaways Rolls-Royce (RR.LN) signed reactor and fuel technology Memorandums of Cooperation with the U.K. National Nuclear Laboratory (UKNNL) and Japan Atomic Energy Agency (JAEA). Rolls-Royce was also selected to deliver three small modular reactors (SMRs) for Sweden’s first nuclear power plant in four decades. Jacobs (J) was awarded a contract by Great British Energy – Nuclear to provide environmental baseline studies for future U.K. nuclear development. Rolls-Royce’s U.K.-Japan Advanced Reactor Technologies Cooperation Rolls-Royce signed two trilateral Memorandums of Cooperation with the UKNNL and JAEA. The agreements target acceleration of High-Temperature Gas-Cooled reactor (HTGR) designs and the next-generation fuel that enables their inherent safety features.
The formal signing took place during the Japanese Prime Minister’s visit, underscoring government backing for U.K.-Japan collaboration on advanced nuclear systems. The work focuses on addressing technical challenges, manufacturing fuel, and enabling deployment for civil, defense, and industrial applications.
Rolls-Royce brings full-lifecycle nuclear experience and end-to-end capability for novel technologies. The UKNNL provides access to world-class expertise through the U.K. government’s Advanced Nuclear Framework. The JAEA contributes deep knowledge in high-temperature gas reactor systems. This builds on Rolls-Royce’s existing success with its SMR program in the U.K. and positions the company to broaden its advanced nuclear portfolio.
Rolls-Royce Selected for Sweden’s First New Nuclear Plant in Over 40 Years Rolls-Royce was chosen by Videberg Kraft to deliver three SMRs for a project on Sweden’s west coast. Videberg Kraft is a partnership involving state-owned utility Vattenfall AB. The project marks Sweden’s first new nuclear power plant in more than four decades and supports energy security and industrial needs.
The win follows Rolls-Royce’s contract for the first SMRs in the U.K. and a contract with CEZ Group for the Czech Republic’s initial SMRs. The company has now succeeded in every competitively tendered SMR selection process in Europe and holds multiple contractual commitments across the continent.
Jacobs Advances Environmental Foundations at Oldbury Jacobs was selected to deliver environmental consultancy services for South Gloucestershire in the U.K. The scope includes developing baseline environmental assessments and related activities to inform future planning, design, and permitting decisions.
Jacobs is working with subconsultants AtkinsRéalis and AECOM to execute surveys, impact assessments, and regulatory support. The work builds on earlier site characterization and provides the environmental data needed for potential new nuclear generation at the site.
Jacobs brings more than 60 years of experience across the full nuclear lifecycle in the U.K., including major programs such as Sizewell C, Hinkley Point C, and Sellafield. The appointment supports the U.K.’s goals of strengthening energy security and advancing lower-carbon power.
Implications for Investors and the Nuclear Value Chain Revenue opportunities are already flowing to established public companies that supply design expertise, engineering services, specialized transport, and component capabilities. The VettaFi Nuclear Renaissance Index (NUKZX) includes Rolls-Royce, which is executing on domestic U.K. contracts and international SMR wins while exploring broader opportunities.
NUKZX also captures exposure to engineering and service providers such as Jacobs. These companies are positioned to support site development, environmental assessments, and project execution across the nuclear value chain. NUKZX serves as the underlying index for the Range Nuclear Renaissance Index ETF (NUKZ).
For investors seeking participation in the nuclear renaissance, the diversified composition of NUKZX offers a practical way to gain exposure to these momentum-building steps across the U.K. and Europe, without concentrating risk in any single pre-revenue reactor developer. Progress on technology qualification, fuel logistics, and site readiness creates tangible value for supply chain participants well before individual reactors reach commercial operation.
Related Research: Doors Swing Open for Advanced Nuclear in the U.K.
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For more news, information, and analysis, visit the Nuclear Energy Content Hub.
vettafi.com is owned by VettaFi LLC (“VettaFi”). VettaFi is the index provider for NUKZ, for which it receives an index licensing fee. However, NUKZ is not issued, sponsored, endorsed, or sold by VettaFi. VettaFi has no obligation or liability in connection with the issuance, administration, marketing, or trading of NUKZ.
Study to assess land-optimized and dual-mode desalination designs to support Singapore’s long-term water security
DALLAS--(BUSINESS WIRE)--Jacobs (NYSE: J) has been appointed by national water agency PUB to deliver a feasibility study for a potential new desalination plant in Singapore, supporting the nation’s long-term water security.
Study to assess land-optimized and dual-mode desalination designs to support Singapore’s long-term water security.
Share The study will explore innovative designs that maximize land efficiency in one of the world’s most land-constrained urban environments and integrate multiple uses, such as incorporating higher multistory buildings or deeper basements which could house treatment facilities.
The study will also examine the viability of a dual-mode facility capable of treating both seawater and freshwater to improve operational flexibility and weather resilience of Singapore’s water supply. Jacobs will provide advisory and feasibility services including conceptual design development, treatment technology assessment, construction methodology analysis, lifecycle cost evaluation and risk assessment.
Jacobs President of Global Operations Patrick Hill said: “Singapore is globally recognized for its integrated water management and resilient infrastructure planning. By combining our global desalination and water reuse capabilities with strong local delivery capability, we’re able to explore innovative solutions that optimize scarce land resources while supporting the nation’s future water security needs.”
The appointment builds on Jacobs’ decades-long relationship with PUB delivering critical water infrastructure that supports Singapore’s long-term water resilience strategy. Notable projects include the Deep Tunnel Sewerage System, NEWater facilities, Changi Water Reclamation Plant, Tuas Water Reclamation Plant and most recently, the New Kranji Water Reclamation Plant.
Consistently ranked among the top design firms in water treatment and desalination by Engineering News-Record, Jacobs delivers solutions that address water scarcity driven by climate change and population growth. Jacobs has been at the forefront of innovative desalination plant design, delivery and maintenance for decades, supporting some of the region’s most significant desalination projects, including the Sydney Desalination Plant and Gold Coast Desalination Plant, which were developed to strengthen water security during Australia’s Millennium Drought, a prolonged period of severe drought and water shortages between the late 1990s and 2010s. Jacobs continues to advance resilient water infrastructure through projects such as Alkimos Seawater Desalination Plant and globally, the Carlsbad Desalination Plant and the Torrance Groundwater Desalter Expansion in the U.S and the Tuas Desalination Plant in Singapore.
Patrick Hill will speak at the Singapore International Water Week “Titans of Industry” session on June 16, where he will share insights on advancing resilient and sustainable water infrastructure.
About Jacobs
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 talent force 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.
May 5 - Engineering services provider Jacobs Solutions (J.N), opens new tab on Tuesday lifted its forecast for annual profit, banking on strong demand for its data center infrastructure services.
The rush to build data centers to run artificial intelligence technologies is benefiting firms such as Jacobs that provide planning, engineering and construction-management services.
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The Dallas, Texas-based company now expects 2026 adjusted per share profit between $7.10 and $7.35, the midpoint of which is above analysts' estimates of $7.16 per share, according to data compiled by LSEG.
The company forecast 2026 adjusted net revenue to grow 8% to 10.5%
Jacobs' adjusted profit rose to $1.75 per share in the quarter ended March 31, up from $1.43 per share a year ago. Analysts expected a profit of $1.63 per share.
The company reported second-quarter revenue of $3.69 billion, compared with $2.91 billion a year earlier.
Revenue of newly acquired UK-based firm, PA Consulting, rose 17% in the quarter.
Shares of the company, however, were down about 2% in after-hours trading.
Reporting by Jahanvi Kothari and Parth Chandna in Bengaluru; Editing by Sahal Muhammed
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Jacobs Solutions (J - Free Report) came out with quarterly earnings of $1.75 per share, beating the Zacks Consensus Estimate of $1.64 per share. This compares to earnings of $1.43 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +6.55%. A quarter ago, it was expected that this construction and technical services company would post earnings of $1.52 per share when it actually produced earnings of $1.53, delivering a surprise of +0.66%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Jacobs Solutions, which belongs to the Zacks Building Products - Miscellaneous industry, posted revenues of $3.69 billion for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 13.79%. This compares to year-ago revenues of $2.91 billion. The company has topped consensus revenue estimates three 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 lost about 1.3% since the beginning of the year versus the S&P 500's gain of 5.2%.
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 mixed. 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 #3 (Hold) for the stock. So, the shares are expected to perform in line with 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 $1.95 on $3.36 billion in revenues for the coming quarter and $7.13 on $13.17 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 bottom 23% 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, Advanced Drainage Systems (WMS - Free Report) , has yet to report results for the quarter ended March 2026. The results are expected to be released on May 21.
This maker of water drainage systems and pipes is expected to post quarterly earnings of $1.00 per share in its upcoming report, which represents a year-over-year change of -2.9%. The consensus EPS estimate for the quarter has been revised 1.8% lower over the last 30 days to the current level.
Advanced Drainage Systems' revenues are expected to be $650.15 million, up 5.6% from the year-ago quarter.
Key Takeaways Jacobs posted Q2 EPS of $1.75 ( 22% y/y) and gross revenues of $3.7B ( 27%), both above estimates.Jacobs' backlog hit a record $27B ( 22%), fueled by data center, semiconductor, water, power and transit wins.Jacobs raised FY26 net revenue growth, EBITDA margin and EPS outlook; repurchased $220M shares. Jacobs Solutions Inc. (J - Free Report) delivered strong second-quarter fiscal 2026 (ended March 27, 2026) results, with adjusted earnings and revenues topping the Zacks Consensus Estimate and improving year over year.
Jacobs delivered strong top-line growth as healthy demand persisted across priority markets, led by data center and semiconductor activity, with additional support from water, power and transportation. Growth within Infrastructure & Advanced Facilities remained broad-based, highlighted by notable wins including a major wastewater treatment program in San Francisco, a water regulation contract in the United Kingdom, and multiple hyperscaler-related data center awards.
Inside Jacobs’ Q2 ResultsThe company reported adjusted earnings per share (EPS) of $1.75, up 22.4% from the year-ago level, and beat the consensus mark of $1.64 by 6.7%.
Gross revenues rose 27% year over year to $3.7 billion and surpassed the consensus estimate of $3.25 billion by 13.8%. Adjusted net revenues of $2.3 billion were also up 8.8% year over year.
Backlog increased 21.7% year over year to a record $27 billion, underscoring healthy award activity and visibility.
Jacobs Expands Margins on Solid ExecutionProfitability improved year over year as Jacobs benefited from operating discipline and a favorable mix. Adjusted EBITDA rose 14.2% from a year ago to $327.2 million, while adjusted EBITDA margin expanded 70 basis points to 14.1% on adjusted net revenues.
At the segment level, Infrastructure & Advanced Facilities operating profit improved, with margin expanding modestly as project execution held up. PA Consulting also remained a margin-accretive contributor, with operating profit rising and margin staying above 22%, helping lift consolidated profitability despite integration-related items tied to the PA transaction.
Jacobs’ Q2 Segment DetailsInfrastructure & Advanced Facilities (I&AF): Segment revenues totaled $3.34 billion, up 28.2% year over year from $2.60 billion. Excluding $1.37 billion of pass-through revenues, adjusted net revenues were $1.97 billion.
I&AF segment operating profit increased 11.4% year over year to $225.2 million from $203.3 million. Operating profit as a percentage of adjusted net revenues improved to 11.4% from 11.1% a year ago, reflecting modest margin expansion. Backlog in the segment rose 21.9% year over year to $26.54 billion as of March 27, 2026.
PA Consulting: Segment revenues were $358.6 million, up 16.5% year over year from $307.7 million, driven primarily by growth in PA’s public services businesses, including public services and defense and security.
Operating profit rose 18.6% year over year to $79.9 million from $67.3 million, and operating profit as a percentage of revenues improved to 22.3% from 21.9% in the prior-year quarter. PA Consulting backlog increased to $427 million from $392 million a year ago, supported by organic growth.
Jacobs’ Cash Flow and Balance Sheet Reflect PA TimingCash generation was mixed in the quarter, influenced by acquisition-related timing items. Management noted an adjusted free cash outflow of $272 million in the second quarter, partly tied to a favorable first-quarter timing item that reversed, bringing first-half adjusted free cash flow to $93 million.
The balance sheet expanded following the PA transaction and related financing. Jacobs ended the quarter with cash and cash equivalents of $1.37 billion, up from $1.24 billion at the fiscal 2025 end (Sept. 26, 2025). While long-term debt rose to $4.08 billion from $2.24 billion at the fiscal 2025-end. Management also highlighted a net leverage ratio of 2.1x and reiterated its intent to move back below 2.0x by fiscal year-end and toward its longer-term leverage target thereafter.
Net cash used for operating activities was $103.4 million in the first six months of fiscal 2026, compared with net cash provided by operating activities of $11 million in the year-ago period.
J Raises FY26 Outlook AgainEncouraged by first-half momentum, Jacobs raised its fiscal 2026 targets again. The company now expects adjusted net revenues to grow 8.0-10.5% year over year (previously projected to grow between 6.5% and 10%). Adjusted EBITDA margin projected at 14.6-14.9% (versus prior forecast of 14.4% to 14.7%). Adjusted earnings are now expected in the $7.10-$7.35 range, up from the previous expectation of 6.95 to $7.3, while adjusted free cash flow margin is still projected at 7.0-8.5%.
Capital returns remained active, with the company repurchasing $220 million of shares during the quarter and declaring a quarterly dividend of $0.36 per share. Management also discussed leverage and cash generation dynamics following the PA transaction, including near-term cash flow noise tied to acquisition-related payments and a plan to bring leverage back down as earnings and cash flow ramp through fiscal 2027.
Jacobs’ Zacks Rank & Recent Construction ReleasesJacobs currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Vulcan Materials Company (VMC - Free Report) posted exceptional first-quarter 2026 results with adjusted earnings and total revenues beating the Zacks Consensus Estimate and increasing year over year. The quarter’s results reflect benefits realized from the aggregates-led business and consistent focus on its strategic disciplines. Besides, efforts to incorporate top-tier innovation and technology advancements also aided the quarter’s financial performance.
Vulcan reiterated its full-year adjusted EBITDA outlook of $2.4-$2.6 billion and cited a healthy backlog supported by large projects and public construction activity.
EMCOR Group, Inc. (EME - Free Report) reported impressive first-quarter 2026 results, with earnings and revenues topping the Zacks Consensus Estimate and increasing year over year on strong demand across its core markets.
EMCOR’s quarterly results reflect continued momentum across key end markets and customers’ confidence in the company’s ability to execute complex and mission-critical projects. Strong activity in sectors like Network and Communications, Institutional, Healthcare, and Water and Wastewater supported growth and drove higher remaining performance obligations. EMCOR now expects revenues between $18.50 billion and $19.25 billion, and diluted earnings per share are projected in the range of $28.25 to $29.75.
Comfort Systems USA, Inc. (FIX - Free Report) delivered a sharp first quarter of 2026, with earnings and revenues topping the Zacks Consensus Estimate and increasing year over year. The quarter reflected strong market conditions, led by heavier technology-sector activity, particularly for data centers.
Comfort Systems also highlighted that recent bookings and underlying persistent demand supported a higher backlog even with increased project burn rates, an important indicator that volume remains strong across key end markets. The backlog as of March 31, 2026, totaled $12.45 billion, increasing 4.3% from $11.94 billion on Dec. 31, 2025, and jumping 80.8% from $6.89 billion reported a year ago.
Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a great growth stock is not easy at all.
By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.
However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects, makes it pretty easy to find cutting-edge growth stocks.
Jacobs Solutions (J - Free Report) is one such stock that our proprietary system currently recommends. The company not only has a favorable Growth Score, but also carries a top Zacks Rank.
Studies have shown that stocks with the best growth features consistently outperform the market. And for stocks that have a combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy), returns are even better.
Here are three of the most important factors that make the stock of this construction and technical services company a great growth pick right now.
Earnings GrowthArguably nothing is more important than earnings growth, as surging profit levels is what most investors are after. And for growth investors, double-digit earnings growth is definitely preferable, and often an indication of strong prospects (and stock price gains) for the company under consideration.
While the historical EPS growth rate for Jacobs Solutions is 0.2%, investors should actually focus on the projected growth. The company's EPS is expected to grow 17.1% this year, crushing the industry average, which calls for EPS growth of 10.8%.
Impressive Asset Utilization RatioGrowth investors often overlook asset utilization ratio, also known as sales-to-total-assets (S/TA) ratio, but it is an important feature of a real growth stock. This metric exhibits how efficiently a firm is utilizing its assets to generate sales.
Right now, Jacobs Solutions has an S/TA ratio of 1.14, which means that the company gets $1.14 in sales for each dollar in assets. Comparing this to the industry average of 0.86, it can be said that the company is more efficient.
In addition to efficiency in generating sales, sales growth plays an important role. And Jacobs Solutions is well positioned from a sales growth perspective too. The company's sales are expected to grow 13.6% this year versus the industry average of 4.3%.
Promising Earnings Estimate RevisionsSuperiority of a stock in terms of the metrics outlined above can be further validated by looking at the trend in earnings estimate revisions. A positive trend is of course favorable here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
There have been upward revisions in current-year earnings estimates for Jacobs Solutions. The Zacks Consensus Estimate for the current year has surged 0.8% over the past month.
Bottom LineWhile the overall earnings estimate revisions have made Jacobs Solutions a Zacks Rank #2 stock, it has earned itself a Growth Score of A based on a number of factors, including the ones discussed above.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
This combination indicates that Jacobs Solutions is a potential outperformer and a solid choice for growth investors.
Church & Dwight (NYSE:CHD) Director Robert Shearer Sells 8,600 SharesChurch & Dwight Co., Inc. (NYSE:CHD - Get Free Report) Director Robert Shearer sold 8,600 shares of the business's stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $97.97, for a total transaction of $842,542.00. Following the completion of the sale, the director directly owned 30,678 shares in the company, valued at $3,005,523.66. This trade represents a 21.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
DALLAS--(BUSINESS WIRE)-- #OurJacobs--Jacobs awarded a sole‑source EPCM contract by Hut 8, an energy infrastructure platform, to deliver a second U.S. AI data center campus.
On May 13, 2026, Jacobs Solutions Inc J shares fell 3.6% to a current price of $114.15. The stock has experienced significant price fluctuations, with a 52-week range of $114.14 to $168.44, reflecting a volatile market sentiment towards the company.
GF Value™ verdict: The current price is $114.15, while GF Value™ estimates fair value at $143.41, indicating a 20.4% undervaluation.GF Score™ of 81/100 suggests a strong overall performance based on multiple factors.Insider activity shows a net sale of $0.2M in the last three months, indicating cautious sentiment among insiders. Is J Overvalued or Undervalued? Jacobs Solutions Inc J is currently trading at $114.15, which is significantly below the GF Value™ of $143.41. This presents a margin of safety of 20.4%, indicating that the stock may be undervalued relative to its intrinsic worth. The GF Valuation label classifies the stock as "Modestly Undervalued," suggesting that there may be potential upside for investors. GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates.
While the undervaluation presents an opportunity, it is essential to approach this with caution, considering the recent price drops and the overall market conditions. Such fluctuations can indicate underlying risks that may affect future performance.
How Does J's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 35.1x 26.3x Forward P/E 15.9x N/A Jacobs Solutions Inc's current P/E (TTM) of 35.1x is 34% above its 5-year median P/E of 26.3x, suggesting that the stock is trading above its historical valuation. This analysis appears to disagree with the GF Value™ verdict, which indicates undervaluation. Investors should consider this discrepancy when evaluating the stock's potential.
What Does J's GF Score™ Tell Us? Metric Rating GF Score™ 81 Financial Strength 6/10 Profitability 6/10 Growth 7/10 Valuation 8/10 Momentum 5/10 The GF Score™ of 81/100 indicates a strong overall performance, with particularly high ratings in Valuation (8/10) and Growth (7/10). However, the Momentum rank of 5/10 and Financial Strength and Profitability ranks of 6/10 suggest areas for improvement. This mixed performance indicates a balance between solid growth potential and the need for better financial stability.
What Are Insiders Doing with J Stock? In the past three months, insider activity at Jacobs Solutions Inc has shown that insiders sold $0.2M worth of stock while no purchases were made. This net selling could indicate a lack of confidence among insiders regarding the company's near-term prospects or possibly a strategy to capitalize on recent price peaks. This trend should be monitored closely, as insider sentiment can often reflect expectations for the company's future performance.
What This Means for Investors Based on the analysis of GF Value™, Jacobs Solutions Inc J is currently undervalued. However, investors should be cautious due to recent price declines and mixed signals from both valuation metrics and insider activity.
For the complete analysis, visit the Jacobs Solutions Inc J stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is J's GF Score™?
J's GF Score™ is 81/100, indicating a strong overall performance based on key financial metrics.
Is J overvalued or undervalued?
Jacobs Solutions Inc is currently undervalued, with a GF Value™ of $143.41 compared to its current price of $114.15.
What is J's P/E ratio?
Jacobs Solutions Inc has a P/E (TTM) ratio of 35.1x, which is above its 5-year median P/E of 26.3x, indicating the stock is trading at a premium relative to its historical valuation.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
DALLAS--(BUSINESS WIRE)-- #OurJacobs--Jacobs appoints Cheryl Lim as chief human resources officer, reporting directly to Chair and Chief Executive Officer Bob Pragada.
Jacobs (NYSE: J) has been selected by Great British Energy – Nuclear to provide environmental services for the Oldbury site in South Gloucestershire, supporting the potential development of new nuclear generation in the U.K.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260521657672/en/
The Oldbury site in South Gloucestershire, U.K. Image: Great British Energy - Nuclear
Jacobs will develop environmental baseline data across terrestrial and marine environments, along with environmental assessments, Habitats Regulations Assessment and associated activities to inform future potential planning, design and permitting decisions. Jacobs will deliver the services with AtkinsRéalis and AECOM as subconsultants, bringing together a multidisciplinary team to support environmental surveys, impact assessments and regulatory approvals.
Jacobs Executive Vice President Richard Sanderson said: “Strengthening the U.K.’s energy security and advancing lower-carbon power requires new civil nuclear development at pace. Jacobs has supported some of the most complex nuclear programs in the U.K. and globally, working across the full lifecycle from early development through delivery. We bring that experience to Great British Energy – Nuclear at Oldbury, helping lay the environmental foundations needed to support long-term project success.”
Great British Energy - Nuclear Chief Executive Simon Roddy added: “As part of our role to position Oldbury for nuclear development, it’s important we continue to deepen our understanding of the site with various packages of work, such as ground investigations and archaeological surveys. I'm pleased to welcome Jacobs and their partners to the team to better our knowledge of Oldbury through environmental assessments, which will be key to informing future planning decisions.”
The contract builds on initial site characterization activities and will help assess the suitability of the Oldbury site for potential nuclear development. The work will support the evidence base needed to inform planning and consenting decisions, as well as future design and construction considerations.
Jacobs’ appointment builds on more than 60 years of experience delivering global civil nuclear solutions across the full asset lifecycle in highly regulated environments—from new build programs to decommissioning and waste management and disposal. The company continues to play a leading role in the U.K.’s civil nuclear industry, contributing to major programs such as Sizewell C, Hinkley Point C and Sellafield. This experience planning for nuclear technologies will also have increasing relevance across the globe as the energy sector looks to keep pace with demand.
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 talent force 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.
Jacobs employs more than 6,000 people across the U.K., operating from 15 core offices and more than 35 additional sites. Working with HM 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.
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260521657672/en/
Key Takeaways Jacobs JV with Stantec will support Greater Western Water's 5-year water infrastructure program.Jacobs' JV will provide design, advisory and assessment services for water, wastewater, plants and dams.Jacobs' backlog rose 22% YoY to $27B, with management lifting fiscal 2026 revenue guidance. The joint venture (JV) of Jacobs Solutions Inc. (J - Free Report) and Stantec has been selected to be the engineering services partner for a five-year Infrastructure Planning and Delivery Program for Greater Western Water.
The JV will work to support the planning, design and delivery of critical water infrastructure across Melbourne’s fast-growing western region. For Jacobs, the contract strengthens its position in the water infrastructure sector while providing long-term revenue visibility through a multi-year project pipeline.
The multi-year program is designed to modernize and scale up the utility network to keep pace with rapid population and commercial growth across Melbourne’s western suburbs.
Following the news, shares of Jacobs inched up 1% during yesterday’s trading session.
Modernization Investments to Drive GrowthThe JV in discussion will offer engineering and advisory services, including options assessment, functional and detailed design for water and wastewater networks, treatment plants and dams. Additionally, the partnership might support groundwater and surface water assessments, discharge quality analysis, contaminated land investigations, construction-phase services and the development of engineering standards. The program will operate under a new integrated project delivery model, where partners collaborate closely from planning through execution to improve coordination, reduce inefficiencies and deliver stronger long-term outcomes for customers and local communities.
The program is expected to enhance water resilience and support reliable water and sewerage services across Greater Western Water’s service area, which covers more than 580,000 customers across a 3,700-square-kilometer service area.
For Jacobs, the contract further strengthens its position in the water infrastructure market and extends its eight-year relationship with Greater Western Water. The win also aligns with the company’s broader momentum in infrastructure, supported by strong bookings and a record backlog.
Jacobs’ Backlog Strength Supports Growth TrendJacobs’ record-breaking backlog performance during the second quarter of fiscal 2026 serves as the primary engine driving its accelerating long-term growth trend. The company expanded its consolidated backlog by 22% year over year to an unprecedented $27 billion. This accumulation of work is backed by a trailing 12-month book-to-bill ratio of 1.4x on gross revenue and 1.2x on net revenues, highlighting five consecutive quarters of bookings outperforming revenue burn.
Furthermore, high-profile wins in critical infrastructure, such as the Terminal S expansion at Dallas Fort Worth International Airport and municipal wastewater projects in San Francisco, ensure a reliable, long-tail design and construction cycle. Management has confidently raised its full-year fiscal 2026 organic net revenue growth guidance to a range of 8% to 10.5%, proving that its record backlog is successfully translating into predictable, high-margin top and bottom-line growth.
J’s Share Price PerformanceJacobs’ stock has declined 12.5% year to date compared with the Zacks Building Products - Miscellaneous industry’s 2.4% fall. Near-term prospects remain pressured by risks tied to policy-driven infrastructure funding, currency translation headwinds and higher leverage following the PA Consulting acquisition.
Image Source: Zacks Investment Research
Nonetheless, the company continues to benefit from a growing backlog and healthy demand across transportation, water, energy and advanced manufacturing markets.
J’s Zacks Rank & Key PicksJacobs currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks from the Construction sector are:
Comfort Systems USA, Inc. (FIX - Free Report) flaunts a Zacks Rank #1 (Strong Buy) at present. The company delivered a trailing four-quarter earnings surprise of 39.3%, on average. FIX stock has surged 101.8% year to date. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Comfort Systems’ fiscal 2026 sales and earnings per share (EPS) indicates growth of 30.7% and 48%, 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 155.9% year to date.
The Zacks Consensus Estimate for Sterling’s 2026 sales and EPS indicates growth of 47.4% and 63.3%, respectively, from the prior-year levels.
Quanta Services, Inc. (PWR - Free Report) flaunts a Zacks Rank of 1 at present. The company delivered a trailing four-quarter earnings surprise of 10.3%, on average. PWR stock has climbed 75.9% year to date.
The Zacks Consensus Estimate for Quanta’s 2026 sales and EPS indicates growth of 21.4% and 29.8%, respectively, from the prior-year levels.
DALLAS--(BUSINESS WIRE)-- #OurJacobs--Jacobs selected for multiple frameworks supporting the modernization and security of the north of Scotland's electricity transmission network.
A month has gone by since the last earnings report for Jacobs Solutions (J - Free Report) . Shares have lost about 4.2% in that time frame, underperforming the S&P 500.
But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Jacobs Solutions due for a breakout? Well, first let's take a quick look at its latest earnings report in order to get a better handle on the recent catalysts for Jacobs Solutions Inc. before we dive into how investors and analysts have reacted as of late.
Jacobs Q2 Earnings & Revenues Top Estimates, Up Y/Y, FY26 View RaisedJacobs delivered strong second-quarter fiscal 2026 (ended March 27, 2026) results, with adjusted earnings and revenues topping the Zacks Consensus Estimate and improving year over year.
Jacobs delivered strong top-line growth as healthy demand persisted across priority markets, led by data center and semiconductor activity, with additional support from water, power and transportation. Growth within Infrastructure & Advanced Facilities remained broad-based, highlighted by notable wins including a major wastewater treatment program in San Francisco, a water regulation contract in the United Kingdom, and multiple hyperscaler-related data center awards.
Inside Jacobs’ Q2 ResultsThe company reported adjusted earnings per share (EPS) of $1.75, up 22.4% from the year-ago level, and beat the consensus mark of $1.64 by 6.7%.
Gross revenues rose 27% year over year to $3.7 billion and surpassed the consensus estimate of $3.25 billion by 13.8%. Adjusted net revenues of $2.3 billion were also up 8.8% year over year.
Backlog increased 21.7% year over year to a record $27 billion, underscoring healthy award activity and visibility.
Jacobs Expands Margins on Solid ExecutionProfitability improved year over year as Jacobs benefited from operating discipline and a favorable mix. Adjusted EBITDA rose 14.2% from a year ago to $327.2 million, while adjusted EBITDA margin expanded 70 basis points to 14.1% on adjusted net revenues.
At the segment level, Infrastructure & Advanced Facilities operating profit improved, with margin expanding modestly as project execution held up. PA Consulting also remained a margin-accretive contributor, with operating profit rising and margin staying above 22%, helping lift consolidated profitability despite integration-related items tied to the PA transaction.
Jacobs’ Q2 Segment DetailsInfrastructure & Advanced Facilities (I&AF): Segment revenues totaled $3.34 billion, up 28.2% year over year from $2.60 billion. Excluding $1.37 billion of pass-through revenues, adjusted net revenues were $1.97 billion.
I&AF segment operating profit increased 11.4% year over year to $225.2 million from $203.3 million. Operating profit as a percentage of adjusted net revenues improved to 11.4% from 11.1% a year ago, reflecting modest margin expansion. Backlog in the segment rose 21.9% year over year to $26.54 billion as of March 27, 2026.
PA Consulting: Segment revenues were $358.6 million, up 16.5% year over year from $307.7 million, driven primarily by growth in PA’s public services businesses, including public services and defense and security.
Operating profit rose 18.6% year over year to $79.9 million from $67.3 million, and operating profit as a percentage of revenues improved to 22.3% from 21.9% in the prior-year quarter. PA Consulting backlog increased to $427 million from $392 million a year ago, supported by organic growth.
Jacobs’ Cash Flow and Balance Sheet Reflect PA TimingCash generation was mixed in the quarter, influenced by acquisition-related timing items. Management noted an adjusted free cash outflow of $272 million in the second quarter, partly tied to a favorable first-quarter timing item that reversed, bringing first-half adjusted free cash flow to $93 million.
The balance sheet expanded following the PA transaction and related financing. Jacobs ended the quarter with cash and cash equivalents of $1.37 billion, up from $1.24 billion at the fiscal 2025 end (Sept. 26, 2025). While long-term debt rose to $4.08 billion from $2.24 billion at the fiscal 2025-end. Management also highlighted a net leverage ratio of 2.1x and reiterated its intent to move back below 2.0x by fiscal year-end and toward its longer-term leverage target thereafter.
Net cash used for operating activities was $103.4 million in the first six months of fiscal 2026, compared with net cash provided by operating activities of $11 million in the year-ago period.
J Raises FY26 Outlook AgainEncouraged by first-half momentum, Jacobs raised its fiscal 2026 targets again. The company now expects adjusted net revenues to grow 8.0-10.5% year over year (previously projected to grow between 6.5% and 10%). Adjusted EBITDA margin projected at 14.6-14.9% (versus prior forecast of 14.4% to 14.7%). Adjusted earnings are now expected in the $7.10-$7.35 range, up from the previous expectation of 6.95 to $7.3, while adjusted free cash flow margin is still projected at 7.0-8.5%.
Capital returns remained active, with the company repurchasing $220 million of shares during the quarter and declaring a quarterly dividend of 36 cents per share. Management also discussed leverage and cash generation dynamics following the PA transaction, including near-term cash flow noise tied to acquisition-related payments and a plan to bring leverage back down as earnings and cash flow ramp through fiscal 2027.
How Have Estimates Been Moving Since Then?It turns out, fresh estimates have trended downward during the past month.
The consensus estimate has shifted -5.23% due to these changes.
VGM ScoresAt this time, Jacobs Solutions has a subpar Growth Score of D, a score with the same score on the momentum front. Charting a somewhat similar path, the stock has a score of C on the value side, putting it in the middle 20% for this investment strategy.
Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Interestingly, Jacobs Solutions has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry PlayerJacobs Solutions is part of the Zacks Building Products - Miscellaneous industry. Over the past month, United Rentals (URI - Free Report) , a stock from the same industry, has gained 9.6%. The company reported its results for the quarter ended March 2026 more than a month ago.
United Rentals reported revenues of $3.99 billion in the last reported quarter, representing a year-over-year change of +7.2%. EPS of $9.71 for the same period compares with $8.86 a year ago.
United Rentals is expected to post earnings of $11.60 per share for the current quarter, representing a year-over-year change of +10.8%. Over the last 30 days, the Zacks Consensus Estimate has changed +0.1%.
United Rentals has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of C.
Key Takeaways Jacobs won multiple SSEN Transmission frameworks to modernize and secure northern Scotland's grid.OT framework: J to design secure substation environments using segmentation and real-time threat monitoring.Digital Services: Jacobs will use AI-enabled data to improve efficiency and management on SSEN's network. Jacobs Solutions Inc. (J - Free Report) has been selected by SSEN Transmission for multiple strategic frameworks to support the modernization and security of the electricity transmission network in northern Scotland. The work, with a combined potential value of more than $1 billion, spans operational technology, cybersecurity, substation design and digital services and is aimed at improving grid resilience while enabling greater renewable energy integration.
The frameworks come as the U.K. continues to prioritize energy security, grid modernization and decarbonization. By combining its energy, power, program advisory, digital and data capabilities with PA Consulting’s expertise, Jacobs will support SSEN Transmission in building more secure, efficient and data-driven energy infrastructure.
Following the news, shares of Jacobs inched up 1.9% during yesterday’s trading session.
SSEN Frameworks Expand Energy Transition OpportunitiesUnder the Operational Technology framework, Jacobs will help design, deploy and assure secure OT environments across substations. The scope includes cyber-by-design principles, network segmentation and real-time threat monitoring, supporting the protection of critical infrastructure and safe, reliable grid operations.
Through the Digital Services framework, Jacobs will apply AI-enabled digital and data solutions to improve operational efficiency, asset management and decision-making across SSEN’s network. The work supports SSEN’s RIIO-T3 transformation program, which focuses on expanding the north of Scotland’s transmission network, supporting renewable integration and advancing decarbonization.
The awards further highlight Jacobs’ ability to combine strategic consulting, engineering, cybersecurity and digital innovation for large-scale infrastructure programs. They also strengthen the company’s position in the growing grid modernization and energy transition markets.
Backlog Strength Supports Jacobs’ Growth OutlookJacobs’ recent financial performance adds further support to its long-term growth outlook. In the second quarter of fiscal 2026, the company reported a record backlog of $27 billion, up 22% year over year, with a trailing 12-month book-to-bill ratio of 1.4x on gross revenues and 1.2x on adjusted net revenues.
During the said quarter, Jacobs also raised its fiscal 2026 organic net revenue growth guidance to 8-10.5%, reflecting continued business momentum. Management pointed to strength across data centers, semiconductors, water, energy and power, and transportation, supported by recent wins such as the Dallas Fort Worth International Airport Terminal S expansion and the San Francisco Southeast Wastewater Treatment Plant project.
J’s Share Price PerformanceJacobs’ stock has declined 6.7% year to date against the Zacks Building Products - Miscellaneous industry’s 0.2% growth. Near-term performance may remain constrained by uncertainties surrounding infrastructure funding policies, foreign exchange headwinds and elevated leverage following the PA Consulting acquisition.
Despite these challenges, the company continues to benefit from a robust backlog and solid demand across key end markets, including transportation, water, energy and advanced manufacturing.
J’s Zacks Rank & Key PicksJacobs currently carries a Zacks Rank #3 (Hold).
Some top-ranked stocks from the Construction sector are:
Comfort Systems USA, Inc. (FIX - Free Report) flaunts a Zacks Rank #1 (Strong Buy) at present. The company delivered a trailing four-quarter earnings surprise of 39.3%, on average. FIX stock has surged 101.8% year to date. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Comfort Systems’ fiscal 2026 sales and earnings per share (EPS) indicates growth of 30.5% and 49.1%, 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 155.9% year to date.
The Zacks Consensus Estimate for Sterling’s 2026 sales and EPS indicates growth of 48% and 65%, respectively, from the prior-year levels.
Quanta Services, Inc. (PWR - Free Report) flaunts a Zacks Rank of 1 at present. The company delivered a trailing four-quarter earnings surprise of 10.3%, on average. PWR stock has climbed 75.9% year to date.
The Zacks Consensus Estimate for Quanta’s 2026 sales and EPS indicates growth of 21.5% and 30%, respectively, from the prior-year levels.
Supporting data-driven decision-making and long-term resilience across water services
DALLAS--(BUSINESS WIRE)--Jacobs (NYSE: J) has been appointed to Yorkshire Water’s artificial intelligence services framework, supporting the utility’s use of data and artificial intelligence (AI) to improve operational performance, customer outcomes and long-term resilience across its water and wastewater services. Yorkshire Water estimates the overall framework has a total value of up to approximately $45 million (£32M) over five years.
"Supports Yorkshire Water’s ambition to apply data-driven tools in practical ways that improve performance, reliability and long-term service delivery."
Share The appointment comes as the U.K. water sector prepares for Asset Management Period 8 (AMP8), with water companies increasing investment in digital and AI capabilities to meet tighter regulatory requirements, strengthen resilience and manage affordability pressures.
Under the framework, Jacobs will provide specialist digital and artificial intelligence consulting services, working collaboratively with Yorkshire Water to co-develop scalable solutions and digital products that support decision-making, asset performance and operational efficiency. The appointment builds on Jacobs’ ongoing work with Yorkshire Water.
Drawing on its water industry and digital consulting experience, in the past several years Jacobs has advanced digital solutions to leverage AI across the asset lifecycle, from planning and operations to maintenance and performance optimization, with demonstrated reductions long-term operating costs.
Jacobs Executive Vice President Amer Battikhi said: “Utilities are increasingly focused on moving artificial intelligence from testing environments into day-to-day operations. This framework supports Yorkshire Water’s ambition to apply data-driven tools in practical ways that improve performance, reliability and long-term service delivery.”
Following significant investment in its data platform and internal data science capability, Yorkshire Water is entering a new phase of AI adoption focused on operational deployment. Jacobs will support this transition by scaling applied, data-driven solutions across the business.
Jacobs supports water utilities in the U.K. and globally with integrated digital, data and engineering services that address resilience, regulatory and affordability challenges while improving outcomes for customers and communities. Projects include providing operational technology cybersecurity to support critical infrastructure security for Hampton Roads Sanitation District, a major U.S. wastewater utility; creating the first digital twin of PUB's Changi Water Reclamation Plant in Singapore; to improving wastewater network outcomes at United Utilities in the U.K. using predictive analytics.
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 talent force 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.
Jacobs employs more than 6,000 people across the U.K., operating from 15 core offices and over 35 additional sites. Working with HM 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.
# # #
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.
