Corrected: Jacobs Solutions Q3 adjusted EPS beats estimates; raises 2026 outlook

Jacobs Solutions

04/08/2026 21:20

Corrects Q3 EPS to $1.15 from $1.16 in Key Details table

Overview
U.S. engineering and consulting firm's fiscal Q3 gross revenue rose 34.5% yr/yr, while adjusted EPS beat analyst expectations
Adjusted EBITDA for fiscal Q3 beat analyst expectations
Company repurchased $142 mln of shares in Q3, $614 mln year-to-date

Outlook
Jacobs raises FY26 adjusted net revenue growth outlook to 9.5%-10% from 8%-10.5%
Company now sees FY26 adjusted EPS of $7.20-$7.30, up from $7.10-$7.35 prior
Jacobs expects FY26 adjusted EBITDA margin of 14.7%-14.8% and adjusted FCF margin around 8%

Result Drivers
I&AF SEGMENT GROWTH - Co said Infrastructure & Advanced Facilities segment gross revenue increased 39% yr/yr and adjusted net revenue rose 10%, all organic
SECTOR DEMAND - Broad-based revenue growth led by Data Center, Semiconductor, Energy & Power, Transportation and Water sectors, per CEO Bob Pragada
CLIENT CAPITAL SPENDING - Private sector and utility clients boosted capital spending, contributing to accelerating organic growth and record performance in Life Sciences & Advanced Manufacturing

Company press release: ID:nBw97DjcJa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Adjusted EPS
Beat
$1.84
$1.83 (12 Analysts)
Q3 EPS
 
$1.15
 
Q3 Net Income
 
$137.40 mln
 
Q3 Adjusted EBITDA
Beat
$366.80 mln
$362.06 mln (9 Analysts)

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 5 "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 $156.00, about 12.5% above its August 3 closing price of $138.72
The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 17 three months ago

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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.)