Jacobs Solutions IncNYSE: J
Industrials · Construction & Engineering
$121.22
-1.33%
Vol: 1.3M
Research Digest
Friday, June 19, 2026
Jacobs Solutions raises FY2026 guidance for second consecutive quarter after Q2 adjusted EPS of $1.75 beats estimates; record $27B backlog fueled by 100%+ data center revenue growth.
Jacobs Solutions reported Q2 FY2026 adjusted EPS of $1.75, beating the $1.67 consensus, with gross revenue of approximately $3.7 billion, up 27% year-over-year. Adjusted net revenue grew 9% year-over-year and the company achieved a record backlog of $27.0 billion, up 22% year-over-year. Full-year FY2026 guidance was raised for the second consecutive quarter, assuming organic net revenue growth of 8%-10.5% and adjusted EPS growth of 18% at the midpoint. AI infrastructure now represents 10%-11% of total business and is growing over 40%, with data center revenue up more than 100% year-over-year and a 400% increase in the project pipeline. Jacobs completed the £1.216 billion ($1.6 billion) acquisition of the remaining stake in PA Consulting and secured a sole-source EPCM contract from Hut 8 for a second U.S. AI data center campus in Texas targeting up to 1 gigawatt of capacity.
Previous Market Intelligence
13 daysJun 18No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 17No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 16No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 15No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 14No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 21Jacobs Solutions reported fiscal Q2 2026 results with revenue of $2.33B beating $2.28B consensus and adjusted EPS of $1.75 vs $1.63 expected, with backlog reaching a record $27B (+22% YoY) driven by data centers and advanced manufacturing.Mixed▶
Jacobs delivered its fifth consecutive quarter of double-digit adjusted EPS growth (+22%), with organic net revenue growth of 9% accelerating from 8% prior quarter. CEO highlighted data center revenues more than doubled year-over-year, and the PA Consulting acquisition contributed positively. The company was awarded an EPCM contract for a second Hut 8 AI data center in Texas, and named Cheryl Lim as CHRO on May 15. Despite the beat, market reaction was negative. Analyst actions were mixed: KeyBanc lowered PT to $150 from $154, Citi raised to $181 from $180, and Baird raised to $148 from $126. Jacobs declared a $0.36 cash dividend with ex-date May 22, 2026.
May 20Jacobs Solutions CEO buys $400K of stock May 15 after strong Q2 FY2026 with record $27B backlog.Positive▶
On May 15, 2026, Jacobs Solutions Chair & CEO Robert Pragada purchased 3,601 shares for $400,035, viewed as a vote of confidence from leadership. Fiscal Q2 2026 results delivered revenue of $2.33 billion (+8.8% YoY, 2% beat) and adjusted EPS of $1.75 (vs $1.63 expected, fifth consecutive quarter of double-digit adjusted EPS growth). Organic net revenue growth accelerated to 9%, and backlog hit a record $27 billion (+22% YoY), with data center revenues more than doubling year-over-year. The company also launched Flood IQ, an AI-enabled solution for flooding risk management, and noted the PA Consulting acquisition contributed positively despite increased transaction costs.
May 19Jacobs Solutions CEO Pragada purchases 3,601 shares (~$400K) on May 15 alongside cluster insider buying after Q2 record $27B backlogPositive▶
Jacobs Solutions Chair & CEO Robert Pragada purchased 3,601 shares on May 15, 2026 worth approximately $400,000, with Director Manuel Fernandez also adding 253 shares on May 13, bringing the insider cluster purchase total to roughly $450,000. The buying followed Jacobs' fiscal Q2 2026 print on May 16, which showed revenue of $2.33B beating $2.28B estimates (+8.8% YoY, 2% beat), adjusted EPS of $1.75 vs $1.63 expected (7.1% beat), and a record $27.0B backlog (+22% YoY). Adjusted EBITDA rose 14% to $327M with margin up 70 bps to 14.1%, marking the fifth straight quarter of double-digit adjusted EPS growth. Data center revenues more than doubled YoY, and management highlighted advanced manufacturing and critical infrastructure as additional growth drivers. Jacobs also named Cheryl Lim as Chief Human Resources Officer in mid-May.
May 18Jacobs Solutions reported Q2 FY2026 results on May 16 beating estimates with revenue $2.33B and adjusted EPS $1.75 (up 22%), record $27B backlog, and raised full-year guidance, though shares fell on PA Consulting transaction costs.Mixed▶
Jacobs Solutions reported fiscal Q2 2026 results with revenue of $2.33B (vs $2.28B est, +8.8% YoY) and adjusted EPS of $1.75 (vs $1.63 est, +22%). Backlog hit a record $27 billion, up 22%, driven by surging momentum in data centers (revenue more than doubled YoY), advanced manufacturing, and critical infrastructure. Despite the beat, shares fell as PA Consulting acquisition transaction costs drove margin compression and a widening GAAP/non-GAAP gap. The company raised full-year outlook for the second straight quarter. Capital returns included $220M of buybacks in Q2 and $472M YTD. A median analyst price target of $152 stands across 7 analysts.
May 15Jacobs Solutions reported Q2 FY26 EPS of $1.75 beating $1.67 estimate on $3.69B revenue with record $27B backlog; director Fernandez bought $49,137 in stock.Mixed▶
Jacobs Solutions posted Q2 FY2026 results May 5 with EPS of $1.75 beating estimates of $1.67 by $0.08, on revenue of $3.69 billion (up 72.7% YoY, beating estimates by over $1.3B). Adjusted EPS rose 22% marking the fifth consecutive quarter of double-digit adjusted EPS growth, with organic net revenue growth of 9%. The company set a new record backlog of $27 billion (+22% YoY) with trailing 12-month book-to-bill of 1.4x gross / 1.2x net, and raised core fiscal 2026 guidance for the second time this year. Jacobs repurchased $220 million of shares in Q2 ($472M YTD) and completed the PA Consulting acquisition. The company launched Flood IQ, an AI-enabled flood management solution. Director Manuel Fernandez bought $49,137 in stock. Despite the strong print, shares slid 16% over a 5-day losing streak with market cap down ~$2.6B.
May 14Jacobs Solutions posts Q2 EPS beat with record $27B backlog, raises FY guidance and dividend 12.5%Positive▶
Jacobs Solutions reported strong fiscal Q2 2026 results with adjusted EPS of $1.75 versus $1.64 expected, a 22% YoY increase, and a record $27B backlog. The Board declared a quarterly dividend of $0.36 per share, a 12.5% increase from $0.32, with ex-date May 22, 2026. Q2 capital returns included $220M in share repurchases and $472M year-to-date. Management raised full-year 2026 guidance and increased the fiscal 2029 adjusted EBITDA margin target by 100bps to 17%+, citing $20M in identified annual cost synergies from PA Consulting. The company highlighted AI infrastructure visibility through 2027-2028 via partnerships with NVIDIA and major hyperscalers, including planning for NVIDIA's next-gen Rubin chips. Jacobs and PA Consulting also won a four-year UK Department for Transport extension on May 13 and an EirGrid five-year framework in Ireland. Director Manuel Fernandez purchased $49,137 of stock.
May 13Jacobs Solutions raises FY26 adjusted EPS guidance to $7.10-$7.35 after Q2 beat (EPS $1.75 vs $1.63) with record $27B backlog up 22% YoYPositive▶
Jacobs Solutions reported Q2 2026 results on May 5 with adjusted EPS of $1.75 beating consensus of $1.63 and revenue of $3.694B vs $3.24B expected. Adjusted EPS rose 22% YoY (fifth consecutive quarter of double-digit growth), organic net revenue grew 9%, and adjusted EBITDA reached $327M (+14%). The company raised FY26 adjusted EPS guidance to $7.10-$7.35 (from $6.95-$7.30) and FY26 adjusted net revenue growth outlook to 8.0-10.5% (from 6.5-10.0%). Record backlog hit $27B (+22% YoY) with strength in data centers, semiconductors, water, energy and transportation. PA Consulting delivered 17% YoY revenue growth (fourth consecutive double-digit quarter). RBC raised the price target to $169 from $160 (Outperform); Citi raised to $181 from $180 (Buy); Wells Fargo cut to $131 from $137. Jacobs also launched Flood IQ, an AI-enabled flood management solution.
May 12Jacobs Solutions raised FY26 adjusted EPS guidance to $7.10-$7.35 after Q2 EPS of $1.75 beat by 12 cents, with RBC raising its price target to $169.Positive▶
On May 5, Jacobs reported Q2 adjusted EPS of $1.75 (vs. $1.63 consensus) on revenue of $3.69B, driven by data center, semiconductor, water, energy and transportation strength, with a record $27B backlog. The company raised FY26 adjusted EPS guidance to $7.10-$7.35 and net revenue growth to 8.0%-10.5%. RBC raised PT to $169 (Outperform) on May 6, while KeyBanc trimmed PT to $150 (Overweight) on margin pressure from a legacy JV resolution. Bear case: GAAP net loss from PA Consulting acquisition costs caused a sharp post-print pullback.
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Price below 200d MA — bearish structure.