Jacobs Solutions Inc. reported a strong fiscal first quarter of 2026, driven by significant revenue growth in its Infrastructure & Advanced Facilities and PA Consulting segments. The company demonstrated robust financial performance, exceeding expectations across key metrics and raising its full-year guidance, while also strategically returning capital to shareholders.
Gross revenue of $3.3 billion up 12.3% year-over-year, and adjusted net revenue of $2.3 billion up 8.2% year-over-year.
positiveAdjusted EPS of $1.53 increased 15.0% year-over-year, exceeding expectations.
positiveBacklog of $26.3 billion up 20.6% year-over-year, with a Q1 book-to-bill ratio of 2.0x.
positiveIncreased full-year 2026 guidance for adjusted net revenue, adjusted EPS, and free cash flow margin.
positiveAnnounced a 12.5% increase in quarterly dividend.
positiveWhile adjusted EBITDA margin was 13.4% in Q1 2026, it slightly decreased from 13.5% in Q1 2025.
attentionThe U.S. GAAP effective tax rate increased significantly from 35.5% in Q1 2026 to 107.5% in Q1 2025.
attentionThe company incurred significant restructuring, integration, transaction, and other charges totaling $6.4 million in Q1 2026, impacting GAAP results.
attentionMargin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
| Segment | Current | Prior Yr | YoY | % Total |
|---|---|---|---|---|
Infrastructure & Advanced Facilities | N/A | — | — | — |
PA Consulting | N/A | — | — | — |
| Total Revenue | $0.00M | — | — | 100.0% |
Segment performance shows business unit health and growth drivers.
Forward-looking guidance is subject to change and does not constitute a guarantee. Actual results may differ materially from these estimates.
Delivered excellent first quarter results driven by revenue strength in both Infrastructure & Advanced Facilities (I&AF) and PA Consulting.
PA Consulting also continues to capitalize on strong demand for its digital consulting services, with revenue increasing 16% year-on-year in the first quarter.
We are excited to advance our strategy to redefine the asset lifecycle through the recently announced transaction to fully own the business.
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Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.