Jacobs Engineering Group Inc. Q2 2026 Earnings Recap

J Q2 2026 May 7, 2026

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Jacobs shares fell 3.2% post-earnings as investors focused on margin compression pressures despite solid revenue growth and backlog expansion, signaling concerns over profitability sustainability amid the PA Consulting acquisition.

Earnings Per Share Beat

$1.75 vs $1.64 est.

+6.7% surprise

Revenue Beat

2327911000 vs 2277646000 est.

+2.2% surprise

Market Reaction

1-Day -3.53%

5-Day -8.15%

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Key Takeaways

Adjusted EPS grew 22% to $1.75, supported by 9% organic net revenue growth and 70 basis points of year-over-year margin expansion.
Backlog increased 22% to a record $27 billion, with a trailing 12-month book-to-bill ratio of 1.4x on gross revenue and 1.2x on net revenue.
Gross revenue grew 27% year-over-year; adjusted EBITDA rose 14% to $327 million, but margins compressed to 14.1%.
Strong growth in life sciences and advanced manufacturing (+12% net revenue growth) and critical infrastructure (+9% net revenue growth), led by double-digit growth in transportation.
The acquisition of PA Consulting caused a wider than usual GAAP to adjusted EPS spread, indicating temporary earnings quality challenges and contributing to investor caution.

This summary was generated by AI from the official earnings call transcript and is provided for informational purposes only. It does not constitute financial advice. For the complete transcript and financial data, visit J on AllInvestView.

Previous Q1 2026