Jacobs Solutions Inc. (J)
NYSE:J
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Earnings Data
Report Date
Aug 11, 2026Before Open (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
1.83Last Year’s EPS
1.62Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a substantially positive operational and commercial momentum: strong top-line growth (gross revenue +27%, adjusted net revenue +9%), record backlog (+22% to $27B), double-digit EPS growth (+22%), rapid expansion in AI/data center demand (data center +100% YoY; AI ecosystem >40% growth), and an increased FY2026 outlook. Key strategic moves—completion of the PA Consulting acquisition, identified synergies (~$20M+) and an upgraded multi-year margin and free-cash-flow target—support upside. Near-term caveats include Q2 adjusted free cash outflow driven by transaction cash accounting, elevated net leverage (2.1x) until deleveraging occurs, a wider GAAP-to-adjusted EPS spread in Q2, and soft performance in parts of the environmental business. Overall, positive operating execution and bookings materially outweigh the near-term cash and integration headwinds.Company Guidance
Strong EPS and Margin Expansion
Adjusted EPS grew 22% year-over-year to $1.75 in Q2, supported by 70 basis points of year-over-year margin expansion. Adjusted EBITDA was $327 million, up more than 14%, with an adjusted EBITDA margin of 14.1%.
Robust Revenue and Backlog Growth
Gross revenue increased 27% year-over-year and adjusted net revenue (ex-pass-through) grew 9% (organic). Consolidated backlog grew 22% year-over-year to a record $27 billion, with a trailing 12-month book-to-bill of 1.4x on gross revenue (1.2x on net). Net revenue and gross profit in backlog increased 12% and 15% year-over-year, respectively.
Data Center and AI Acceleration
Data center revenue grew more than 100% year-over-year in Q2. The broader AI ecosystem (chips to power to data centers) represents ~10%–11% of revenue and is growing in excess of 40%. The AI infrastructure pipeline for data centers rose ~400% year-over-year with visibility into 2027–2028.
PA Consulting Acquisition and Performance
Completed the acquisition of PA Consulting. PA revenue grew 17% in Q2 with operating profit up 19% and an operating margin of 22%. Management expects PA to grow revenue high single digits (constant currency) in H2 and identified at least $20 million of annual cost synergies as integration scales.
Upgraded FY2026 Guidance
Raised FY2026 guidance: organic net revenue growth to 8.0%–10.5%, adjusted EBITDA margin to 14.6%–14.9%, and adjusted EPS to $7.10–$7.35 (implying ~18% year-over-year adjusted EPS growth at the midpoint). Q3 margin guide ~15% and Q4 >16% (extra week included).
Industry Recognition and Key Contracts
Named #1 design firm by Engineering News-Record (2026 Top 500). Secured notable awards including San Francisco Southeast Wastewater Treatment Plant, Ofwat consultancy engagement, DFW Terminal F lead designer, and multiple hyperscaler data center wins (including a digital twin built with NVIDIA).
End Market Diversification and Strong Segments
Life Sciences & Advanced Manufacturing net revenue grew 12% (highest since end-market reporting) and Critical Infrastructure net revenue grew 9%, led by transportation and energy & power. Life sciences pipeline up 81% year-over-year.
Active Capital Returns and Improved Financing
Share repurchases totaled $472 million in H1, ahead of the annual target of returning at least 60% of free cash flow. Net leverage ended the quarter at 2.1x (weighted average interest rate ~5%), with a plan to return below 2.0x by year-end and toward ~1.5x in FY2027.
J Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
J Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 05, 2026 | $136.12 | $126.22 | -7.27% |
Feb 03, 2026 | $132.15 | $142.51 | +7.84% |
Nov 20, 2025 | $143.87 | $128.12 | -10.95% |
Aug 05, 2025 | $138.48 | $143.72 | +3.78% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Jacobs Solutions Inc. (J) report earnings?
Jacobs Solutions Inc. (J) is schdueled to report earning on Aug 11, 2026, Before Open (Confirmed).
What is Jacobs Solutions Inc. (J) earnings time?
Jacobs Solutions Inc. (J) earnings time is at Aug 11, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is J EPS forecast?
J EPS forecast for the fiscal quarter 2026 (Q3) is 1.83.
