Analyst Consensus ?
ConsensusBuy37 ratings
Bullish2362.2%
Neutral1437.8%
Bearish00.0%
Jacobs Solutions Inc. · J · FY2026 Q1 · Calendar Q1 2026
Jacobs raises FY2026 outlook as backlog and book-to-bill strengthen
The supplied analysis supports a constructive operating thesis: strong backlog and book-to-bill, raised guidance, international growth and demand in infrastructure and advanced facilities provide evidence of resilient demand. The thesis is not without qualification; pass-through revenue, integration execution, leverage, environmental-services softness and cash-flow timing remain important tests.
Reported After market closeNYSEIndustrials
$16.34B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$1.53
Consensus $1.52
EPS surprise
+0.7%
Reported versus consensus
Reported revenue
$2.25B
Consensus $3.09B
Revenue surprise
-27.1%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
+7.8%
Event window
SPY move
-0.5%
Same window
Abnormal move
+8.3%
Stock minus SPY
Volume
3.0×
Versus trailing sessions
Subsequent drift
-5.0%
Up to 20 sessions
JSPY benchmark
Ask FN2 about J FY2026 Q1
Transcript, numbers and history already loaded
Why did J rise 7.8% after beating EPS estimates in FY2026 Q1?What changed in J's guidance and outlook in FY2026 Q1?Give me the bull and bear case for J after FY2026 Q1 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior-quarter analysis, management raised guidance, completed the acquisition of the remaining PA Consulting stake, reported a $26.3 billion backlog and 2.0x book-to-bill, and increased the quarterly dividend to $0.36 per share. The current analysis also identifies stronger emphasis on AI, digital twins and machine learning across end markets.
Guidance delta
Management raised full-year net revenue, adjusted EPS and free-cash-flow-margin guidance; the supplied analysis gives ranges of 6.5%-10% revenue growth, $6.95-$7.30 adjusted EPS and 7%-8.5% free-cash-flow margin.
Key takeaways
- Q1 adjusted EPS rose 15% and net revenue rose 8%, according to the supplied analysis.
- Backlog reached $26.3 billion and book-to-bill was 2.0x, the strongest level in company history.
- Management raised full-year revenue, EPS and free-cash-flow-margin guidance.
- PA Consulting is now fully owned; management expects $16 million-$20 million of FY2026 cost synergies.
- Growth priorities include life sciences, advanced manufacturing, infrastructure and AI-enabled digital consulting.
Management priorities
- Integrate PA Consulting and deliver targeted cost synergies
- Expand AI, digital-twin and machine-learning platforms
- Invest in water, aviation, rail and data-center projects
- Maintain share repurchases, dividend growth and debt reduction
- Pursue strategic acquisitions or partnerships in digital consulting
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$138.37Current
$137Low
$159.81Average
$175High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Sep 29, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| UBS | Buy | Buy | Maintain | Aug 10, 2026 |
| Truist Securities | Hold | Hold | Maintain | Aug 5, 2026 |
| RBC Capital | Outperform | Outperform | Maintain | Aug 5, 2026 |
| Wells Fargo | Equal Weight | Equal Weight | Maintain | May 7, 2026 |
| Keybanc | Overweight | Overweight | Maintain | May 6, 2026 |
| Citigroup | Buy | Buy | Maintain | May 6, 2026 |
| Baird | Neutral | Neutral | Maintain | Apr 13, 2026 |
| B of A Securities | Neutral | Neutral | Maintain | Nov 21, 2025 |
| Barclays | Overweight | Overweight | Maintain | Oct 20, 2025 |
| Benchmark | Hold | Buy | Downgrade | Nov 20, 2024 |
| William Blair | Market Perform | Outperform | Downgrade | May 8, 2024 |
| Argus Research | Buy | Buy | Maintain | Mar 14, 2024 |
| Raymond James | Market Perform | Outperform | Downgrade | Nov 22, 2023 |
| Stifel | Buy | Buy | Maintain | Nov 21, 2023 |
| TD Cowen | Outperform | Outperform | Maintain | Aug 10, 2023 |
| Credit Suisse | Outperform | Outperform | Maintain | Aug 9, 2023 |
| Bernstein | Outperform | Outperform | Maintain | May 10, 2023 |
| DA Davidson | Buy | Buy | Maintain | Nov 26, 2019 |
| Bank of America | Buy | Buy | Maintain | Nov 26, 2019 |
| Cowen & Co. | Outperform | Outperform | Maintain | Jan 28, 2019 |
| MKM Partners | Buy | Buy | Maintain | Nov 21, 2018 |
| Seaport Global | Buy | Buy | Maintain | Nov 15, 2018 |
| Vertical Research | Buy | Hold | Upgrade | May 9, 2018 |
| Macquarie | Neutral | Underperform | Upgrade | May 9, 2018 |
| Argus | Buy | Hold | Upgrade | May 5, 2018 |
| Deutsche Bank | Buy | Hold | Upgrade | Mar 29, 2018 |
| Goldman Sachs | Neutral | Sell | Upgrade | Jan 31, 2018 |
| Jefferies | Hold | Buy | Downgrade | Dec 13, 2016 |
| Johnson Rice | Hold | Accumulate | Downgrade | Aug 11, 2016 |
| Standpoint Research | Hold | Buy | Downgrade | Apr 14, 2016 |
| JP Morgan | Neutral | Neutral | Maintain | Jun 12, 2015 |
| Stifel Nicolaus | Buy | Buy | Maintain | Apr 29, 2015 |
| CLSA | Outperform | Buy | Maintain | Apr 13, 2015 |
| FBR Capital | Market Perform | Market Perform | Maintain | Feb 2, 2015 |
| Stephens & Co. | Overweight | Overweight | Maintain | Dec 20, 2013 |
| GARP Research | Buy | Buy | Maintain | Mar 28, 2013 |
| Gilford Securities | Buy | Buy | Maintain | Jan 10, 2013 |
Named analyst price targets
Upside is calculated against the persisted current price $138.37. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| KeyBanc | Sangita Jain | $168 | $143.76 | +21.4% | Sep 8, 2026 |
| UBS | Analyst unavailable | $167 | $146.66 | +20.7% | Aug 10, 2026 |
| Goldman Sachs | Adam Bubes | $170 | $144.03 | +22.9% | Aug 6, 2026 |
| Truist Financial | Jamie Cook | $161 | $146.4 | +16.4% | Aug 5, 2026 |
| Robert W. Baird | Analyst unavailable | $153 | $142.68 | +10.6% | Aug 5, 2026 |
| RBC Capital | Analyst unavailable | $174 | $142.68 | +25.7% | Aug 5, 2026 |
| Truist Financial | Jamie Cook | $149 | $124.63 | +7.7% | Jul 2, 2026 |
| Bernstein | Chad Dillard | $163 | $124.12 | +17.8% | Jun 11, 2026 |
| RBC Capital | Sabahat Khan | $169 | $124.75 | +22.1% | May 6, 2026 |
| KeyBanc | Sangita Jain | $150 | $136.74 | +8.4% | May 6, 2026 |
| Goldman Sachs | Adam Bubes | $163 | $143.33 | +17.8% | Feb 4, 2026 |
| UBS | Steven Fisher | $175 | $137.42 | +26.5% | Feb 4, 2026 |
| RBC Capital | Analyst unavailable | $160 | $137.85 | +15.6% | Feb 4, 2026 |
| Robert W. Baird | Andrew Wittmann | $143 | $132.91 | +3.3% | Feb 4, 2026 |
| Wells Fargo | Analyst unavailable | $137 | $140.09 | -1.0% | Jan 23, 2026 |
| KeyBanc | Analyst unavailable | $154 | $137.67 | +11.3% | Jan 7, 2026 |
| Goldman Sachs | Analyst unavailable | $158 | $128.77 | +14.2% | Nov 24, 2025 |
| Truist Financial | Analyst unavailable | $152 | $129.17 | +9.9% | Nov 21, 2025 |
| RBC Capital | Analyst unavailable | $156 | $128.06 | +12.7% | Nov 21, 2025 |
| Wells Fargo | Analyst unavailable | $130 | $129.17 | -6.0% | Nov 21, 2025 |
| Robert W. Baird | Analyst unavailable | $146 | $129.17 | +5.5% | Nov 21, 2025 |
| Wells Fargo | Analyst unavailable | $160 | $153.2 | +15.6% | Nov 13, 2025 |
| Barclays | Adam Seiden | $160 | $155.39 | +15.6% | Oct 20, 2025 |
| KeyBanc | Analyst unavailable | $170 | $155.39 | +22.9% | Oct 20, 2025 |
| Truist Financial | Analyst unavailable | $163 | $155.31 | +17.8% | Oct 8, 2025 |
| Robert W. Baird | Andrew Wittmann | $161 | $148.48 | +16.4% | Aug 27, 2025 |
| Citigroup | Andrew Kaplowitz | $166 | $143.54 | +20.0% | Oct 22, 2024 |
| Raymond James | Brian Gesuale | $160 | $138.91 | +15.6% | Oct 4, 2024 |
| Stifel Nicolaus | Bert Subin | $160 | $149.71 | +15.6% | Apr 2, 2024 |
| Truist Financial | Jamie Cook | $154 | $150.64 | +11.3% | Mar 13, 2024 |
| RBC Capital | Analyst unavailable | $155 | $127.91 | +12.0% | Aug 4, 2022 |
| Citigroup | Analyst unavailable | $151 | $129.52 | +9.1% | Aug 2, 2022 |
| Credit Suisse | Analyst unavailable | $154 | $129.52 | +11.3% | Aug 2, 2022 |
| Stifel Nicolaus | Bert Subin | $158 | $124.36 | +14.2% | Jun 29, 2022 |
| Credit Suisse | Jamie Cook | $161 | $127.74 | +16.4% | Feb 9, 2022 |
Track every rating change on J the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationJacobs Solutions Inc. engages in the infrastructure and advanced facilities, and consulting businesses in the United States, Europe, Canada, India, Asia, Australia, New Zealand, the Middle East, and Africa. The company provides consulting, planning, architecture, design, engineering, and infrastructure delivery services including project, program, and construction management and long-term operation of facilities. It also offers consulting services for consumer and manufacturing, defense and security, energy and utilities, financial services, government, health and life sciences, and transport sectors. The company was founded in 1947 and is headquartered in Dallas, Texas.
Historical context
All J earningsIndustrials peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| CTAS Cintas Corporation | FY2027 Q1 · Calendar Q3 2026 | +3.0% | -3.4% | Cintas raises FY2027 guidance as Q1 growth broadens |
| PAYX Paychex, Inc. | FY2027 Q1 · Calendar Q3 2026 | +1.5% | -8.8% | Paychex maintains FY27 outlook as PEO and AI momentum strengthen |
| FPS Forgent Power Solutions, Inc. | FY2026 Q4 · Calendar Q3 2026 | +4.3% | +9.5% | Forgent Power Solutions pairs record results with an aggressive FY27 buildout |
| CPRT Copart, Inc. | FY2026 Q4 · Calendar Q3 2026 | -8.7% | -2.6% | Copart pairs international growth with ACV investment amid higher costs |
| SUNB Sunbelt Rentals Holdings Inc | FY2027 Q1 · Calendar Q3 2026 | +19.2% | +5.9% | Sunbelt raises FY27 outlook as specialty rental demand accelerates |
| FRO Frontline Plc | FY2026 Q2 · Calendar Q3 2026 | +8.0% | +1.0% | Frontline posts a record quarter as tanker rates remain elevated |
Latest beats and misses
Who reports nextBeat on EPS
- SNXFY2026 Q3 · September 24, 2026+20.9% EPS-9.9% move
- DRIFY2027 Q1 · September 24, 20260.0% EPS-3.0% move
- CTASFY2027 Q1 · September 23, 2026+3.0% EPS-3.4% move
- PAYXFY2027 Q1 · September 23, 2026+1.5% EPS-8.8% move
- GISFY2027 Q1 · September 23, 2026+4.6% EPS+1.0% move
- AZOFY2026 Q4 · September 22, 2026+3.6% EPS+3.3% move
Get the J recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-09-29T05:11:00.519202+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-29T05:11:00.515603+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-09-29. For educational purposes only; not investment advice.