Jacobs reported a strong Q1 with EPS of $1.53 (up 15% YoY) and record backlog of $26.3 billion, raising full-year guidance. The company highlighted booming demand in AI/data centers and memory fabs, and announced the acquisition of the remaining stake in PA Consulting to bolster its AI and digital consulting offerings. Record backlog of $26.3B, up 21% YoY, with book-to-bill of 1.4x on a trailing 12-month basis and 2.0x in the quarter.
Jacobs reported a strong Q1 with EPS of $1.53 (up 15% YoY) and record backlog of $26.3 billion, raising full-year guidance. The company highlighted booming demand in AI/data centers and memory fabs, and announced the acquisition of the remaining stake in PA Consulting to bolster its AI and digital consulting offerings. Record backlog of $26.3B, up 21% YoY, with book-to-bill of 1.4x on a trailing 12-month basis and 2.0x in the quarter.
Jacobs reported a strong Q1 with EPS of $1.53 (up 15% YoY) and record backlog of $26.3 billion, raising full-year guidance. The company highlighted booming demand in AI/data centers and memory fabs, and announced the acquisition of the remaining stake in PA Consulting to…
Guidance · revenue to 8.25%
Adjusted EPS grew 15% to $1.53, exceeding expectations, driven by strong net revenue growth of 8% and margin performance.
Management emphasized AI as a core driver across its business, citing demand from data centers, chip manufacturing, and AI advisory services, and highlighting the PA Consulting acquisition as a force multiplier. They noted AI and digital tools are enhancing productivity and…
Management emphasized AI as a core driver across its business, citing demand from data centers, chip manufacturing, and AI advisory services, and highlighting the PA Consulting acquisition as a force multiplier. They noted AI and digital tools are enhancing productivity and enabling growth despite resource constraints, and they see this as a long-term differentiator.
Environmental services expected to improve in H2. Management repeatedly highlighted record backlog, raised full-year guidance, and expressed confidence in secular tailwinds from AI and infrastructure demand.
The company is seeing strong capital investment in data centers, semiconductors, and advanced manufacturing, with large project wins in these areas contributing to record backlog. Management expects this private-sector work to drive high growth, particularly in the second half of the fiscal year.
Management repeatedly highlighted record backlog, raised full-year guidance, and expressed confidence in secular tailwinds from AI and infrastructure demand.
“We are getting great data advantage in what we do... We're playing across that continuum and seeing that, well, seeing it in the numbers. So kind of the ultimate test of the power of AI is coming through in our bottom line results.”
“We are in acceleration mode... The advances in high bandwidth memory that the American provider is going to market with at record pace... That 20 years is now being shortened into two to three. And so to get the plant ready and delivering…”
| 지표 | 기간 | 범위 | 중간값 | 상태 |
|---|---|---|---|---|
| EPS | FY2026 | $6.95–$7.30 | $7.12 | RAISED |
| Free cash flow | FY2026 | 7%–8.5% | 7.75% | RAISED |
| Op margin | FY2026 Q2 | 13.8%–14% | 13.9% | GUIDED |
| Revenue | FY2026 | 6.5%–10% | 8.25% | RAISED |
| Revenue | FY2026 Q2 | 6.5% | 6.5% | GUIDED |
Jacobs' backlog grew 21% to a record $26.3 billion, with a significant portion driven by large AI data center (Riverbend) and semiconductor awards, which carry higher pass-through revenue but still contribute to 15% gross profit growth in backlog.
Jacobs is in 'acceleration mode' for semiconductor (memory) construction, specifically citing an American provider's advances in high-bandwidth memory (HBM) that compress a traditional 20-year DRAM cycle into 2-3 years.