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20:30
Aug 04 ◎

J FY2026 Q3 Watch

Jacobs Solutions Inc. (J) FY2026 Q3 Earnings Call

J INTC ▾

Venk Nathamuni

Management's tone is strongly positive, with a third consecutive guidance raise driven by accelerating revenue growth, record backlog, and margin expansion.

"We're increasing our fiscal year 26 adjusted net revenue growth range to 9.5% to 10% year over year, narrowing our adjusted EBITDA margin range to 14.7% to 14.8%, raising our adjusted EPS range to $7.20 to $7.30"

J WATCH

Bob Pragada

Jacobs' AI-related revenue is directly tied to the physical AI buildout and reached 11% of total revenue, up 100bps quarter-over-quarter. — Rapid growth in AI infrastructure spend is creating a durable and accelerating revenue stream for Jacobs, indicating broad demand for construction and design services from hyperscalers and neoclouds.

"we've been the engineer of record for Intel for a couple of decades. And in that relationship, we stayed with them during this kind of slower time. And we're starting to see that pipeline grow going into 27."

INTC WATCH

HIGH

20:30
May 05 ◎

J FY2026 Q2 Watch

Jacobs Solutions Inc. (J) FY2026 Q2 Earnings Call

SFPUC OFWAT DFW J VRT ▾

Bob Pragada

Jacobs is executing on a major water infrastructure upgrade for the utility, positioning for similar regulatory-driven investments

"Jacobs was selected by the San Francisco Public Utilities Commission to deliver the Southeast Wastewater Treatment Plan"

SFPUC WATCH

Bob Pragada

Contract tied to substantial investment across the AMP8 cycle, indicating spending visibility in the UK water sector.

"Jacobs and PA have secured a two-year economics and policy consultancy contract with OFFWAT, the UK water regulator."

OFWAT WATCH

Bob Pragada

DFW airport expansion provides ongoing work for Jacobs in the aviation infrastructure sector.

"Jacobs has selected a lead design at Dallas-Fort Worth International Airport as part of the Terminal F expansion"

DFW WATCH

Bob Pragada

Guidance raised on the back of accelerating organic growth, record backlog, and margin expansion, signaling a strong second half and beyond.

"we're exiting Q2 with significant momentum, and the strong first half of the year gives us confidence to increase our FY26 outlook for the second time in two quarters"

J WATCH

Bob Pragada

The AI ecosystem (semis, power, data centers) now represents 10-11% of Jacobs' business and is growing >40% YoY, showing the AI buildout is moving beyond just the final data center assembly into adjacent critical infrastructure like power/transmission. — The spending pull into power and transmission for AI is a leading indicator for electrical equipment and critical infrastructure suppliers.

"the AI ecosystem...in its entirety with our diversified offering...between 10 to 11% of our overall business, and that's growing in excess of 40%"

VRT WATCH ETN WATCH

Bob Pragada

Jacobs' data center business grew more than 100% YoY and its AI pipeline is up 400% YoY, signaling an acceleration in the AI factory design and build cycle. — This indicates physical design work is converting to build-out for AI infrastructure, a direct signal for hyperscaler capex spend and NVIDIA's ecosystem.

"Our strategic partnership with NVIDIA continues to gain momentum as we work to expedite the delivery of AI factories with compute load requirements rising substantially."

NVDA WATCH

Bob Pragada

Jacobs' life sciences pipeline is up 81% YoY, and early reshoring projects are starting to mature into field activity in the US and Europe. — This signals a tangible uptick in pharma and biotech manufacturing construction, a leading indicator for lab equipment and instrumentation demand.

"The life sciences business is in real time pipeline up 81% year on year. A lot of in-flight pursuits that we've been in the early stages are soon to be going into the field."

MTD WATCH

HIGH

21:30
Feb 03 ◎

J FY2026 Q1 Watch

Jacobs Solutions Inc. (J) FY2026 Q1 Earnings Call

J ▾

Bob Pragada

Management's tone is bullish, citing strong EPS growth, record backlog, and raising full-year guidance for net revenue, EPS, and free cash flow margin. The acquisition of PA Consulting is framed as a strategic accelerant for digital consulting and AI.

"We delivered very strong results for Q1, exceeding our expectations across all key metrics and made incremental progress toward achieving our FY29 targets."

J WATCH

HIGH

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