Jacobs Solutions Q1 gross revenue up 12.3%

Jacobs Solutions

03/02/2026 21:22

Overview

Infrastructure solutions provider's fiscal Q1 gross revenue grew 12.3% yr/yr

Adjusted EPS for fiscal Q1 increased 15% yr/yr, beating analyst expectations

Company repurchased $252 mln of shares and announced 12.5% dividend increase

Outlook

Jacobs provides FY 2026 adjusted net revenue growth forecast to 6.5%-10%

Company announces FY 2026 adjusted EPS forecast to $6.95-$7.30

Jacobs raises FY 2026 free cash flow margin forecast to 7%-8.5%

Result Drivers

INFRASTRUCTURE & ADVANCED FACILITIES - Growth led by Life Sciences, Data Center, Semiconductor, Water, and Transportation sectors, per CEO Bob Pragada

PA CONSULTING - Revenue increased 16% y/y due to strong demand for digital consulting services

ASSET LIFECYCLE STRATEGY - Acquisition of remaining stake in PA Consulting to unlock full value, per CEO Bob Pragada

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Gross Revenue
$3.29 bln
Q1 Adjusted EPS
Beat
$1.53
$1.52 (13 Analysts)
Q1 EPS
$1.11
Q1 Net Income
$125 mln
Q1 Adjusted EBITDA
Beat
$302.60 mln
$299.22 mln (10 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "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 $156.00, about 14% above its February 2 closing price of $136.88

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 22 three months ago

Press Release: ID:nPn3qgyzla

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(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.)