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Sentiment · FY2026 Q3
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Andy Wittmann | Robert W. Baird | 15 (27%) |
| Mike Dudas | Vertical Research Partners | 15 (0%) |
| Sangita Jain | KeyBanc Capital Markets | 15 (7%) |
| Sabahat Khan | RBC Capital Markets | 12 (0%) |
| Jerry Revich | Wells Fargo | 11 (0%) |
| Steve Fisher | UBS | 11 (0%) |
| Andy Kaplowitz | Citigroup | 9 (22%) |
| Jamie Cook | Truist Securities | 8 (13%) |
| Chad Dillard | Bernstein | 7 (0%) |
| Adam Bubes | Goldman Sachs | 6 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| KeyBanc Capital Markets | 1 | 15 (7%) |
| Citigroup | 2 | 15 (13%) |
| Vertical Research Partners | 1 | 15 (0%) |
| Robert W. Baird |
| 1 |
| 15 (27%) |
| UBS | 2 | 14 (7%) |
| RBC Capital Markets | 1 | 12 (0%) |
| Truist Securities | 2 | 12 (8%) |
| Wells Fargo | 1 | 11 (0%) |
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $-1.16B | +4.0% | $2.51 | +102.4% | — | — | — | $158M |
| FY2025 Q1 | $2.93B | +4.4% | $-0.11 | -108.0% | 24.6% | 7.1% | -0.6% | $97M |
| FY2025 Q2 | $2.91B | +2.2% | $0.06 | -95.6% | 25.4% | 7.2% | 0.2% | $-114M |
| FY2025 Q3 | $3.03B | +5.1% | $1.55 | +32.5% | 25.0% | 8.4% | 6.1% | $271M |
| FY2025 Q4 | $3.15B | +7.0% | $0.92 | -63.3% | 24.3% | 6.7% | 3.5% | $354M |
| FY2026 Q1 | $3.29B | +12.3% | $1.12 | +1118.2% | 23.2% | 7.1% | 4.0% | $365M |
| FY2026 Q2 | $3.69B | +27.0% | $-0.34 | -708.2% | 21.5% | -2.2% | -1.2% | $-505M |
| FY2026 Q3 | $4.08B | +34.6% | $1.15 | -25.8% | 19.9% | 7.0% | 3.3% | $431M |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
Jacobs posted its highest revenue growth since the Amentum separation in Q2 FY2026 with gross revenue up 27% and adjusted EPS rising 22%, as the PA Consulting acquisition was completed with full consolidation. Data center business grew 100% with the AI ecosystem reaching 10-11% of revenue, and backlog reached a record $27 billion. FY2026 guidance was raised for the second consecutive quarter to $7.10-$7.35, with fiscal year 2029 targets raised to 17%+ EBITDA margin and 11%+ FCF margin. Environmental sector softness persisted with Q4 recovery expected.
Demand | Margin | Revenue Growth | Competitive Dynamics | Regulation Policy | M&A | Capital Allocation | Geographic Expansion | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 5 | 5 | 6 | 2 | 2 | 2 | 1 | 2 |
| 2025Q1 | 7 | 5 | 3 | 3 | 3 | 2 | 2 | 3 |
| 2025Q2 | 8 | 4 | 3 | 2 | 1 | 2 | 3 | 2 |
| 2025Q3 | 7 | 5 | 5 | 1 | 4 | 1 | 1 | 1 |
| 2025Q4 | 6 | 4 | 3 | 3 | 1 | 2 | 2 | |
| 2026Q1 | 7 | 3 | 3 | 6 | 2 | 1 | 2 | 1 |
| 2026Q2 | 4 | 5 | 1 | 2 | 1 | 6 | 2 | 1 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | '26Q2 | |
|---|---|---|---|---|---|---|---|
| Demand | 5 | 7 | 8 | 7 | 6 | 7 | 4 |
| Margin | 5 | 5 | 4 | 5 | 4 | 3 | 5 |
| Revenue Growth | 6 | 3 | 3 | 5 | 3 | 3 | 1 |
| Competitive Dynamics | 2 | 3 | 2 | 1 | 6 | 2 | |
| Regulation Policy | 2 | 3 | 1 | 4 | 3 | 2 | 1 |
| M&A | 2 | 2 | 2 | 1 | 1 | 1 | 6 |
| Capital Allocation | 1 | 2 | 3 | 1 | 2 | 2 | 2 |
| Geographic Expansion | 2 | 3 | 2 | 1 | 2 | 1 | 1 |
What J and other companies said about each other on FY2026 Q2 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“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.”
Jacobs' strategic partnership with NVIDIA (using NVIDIA Omniverse for data-center digital twins) is accelerating its AI-factory and data-center delivery, a positive read-through for NVIDIA's AI-infrastructure ecosystem.
“we completed the acquisition of PA Consulting, which we celebrated together by ringing the closing bell at the New York Stock Exchange in March.”
Jacobs completed the acquisition of the remaining stake in PA Consulting, now a wholly owned, higher-margin segment that is a central driver of Jacobs' margin expansion and sales synergies.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
J Jacobs Solutions | 8 | +26.9% | |
| EME EMCOR Group, Inc. | 10 | +19.7% | |
| FIX Comfort Systems USA, Inc. | 10 | +56.5% | |
| PWR Quanta Services | 10 | +26.3% |