Jacobs Solutions Q2 adjusted EPS beats estimates

Jacobs Solutions

05/05/2026 21:19

Overview

U.S. engineering and consulting firm's fiscal Q2 gross revenue rose 27% yr/yr

Adjusted EPS for fiscal Q2 beat analyst expectations

Company completed PA Consulting acquisition and repurchased $220 mln in shares in Q2

Outlook

Jacobs raises FY26 adjusted net revenue growth outlook to 8.0%-10.5% from 6.5%-10.0%

Company lifts FY26 adjusted EPS forecast to $7.10-$7.35 from $6.95-$7.30

Jacobs expects FY26 adjusted EBITDA margin of 14.6%-14.9%, up from prior 14.4%-14.7%

Result Drivers

SEGMENT GROWTH - Revenue gains in Infrastructure & Advanced Facilities led by Data Center, Semiconductor, Water, Energy & Power, and Transportation sectors

PA CONSULTING PERFORMANCE - PA Consulting revenue grew 17% y/y in Q2, marking fourth consecutive quarter of double-digit growth

AI INFRASTRUCTURE DEMAND - Accelerating top-line growth attributed to central position in AI and related infrastructure build-out

Company press release: ID:nBw8ssbFra

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted EPS
Beat
$1.75
$1.63 (11 Analysts)
Q2 EPS
-$0.32
Q2 Net Income
-$43 mln
Q2 Adjusted EBITDA
Beat
$327.2 mln
$319.99 mln (10 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the business support services peer group is "buy"

Wall Street's median 12-month price target for Jacobs Solutions Inc is $155.00, about 18.6% above its May 4 closing price of $130.74

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 18 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)