Jacobs Q3 adjusted EPS beats estimates; raises 2026 outlook
J•Outlook raised for FY26
The company raised its FY26 adjusted net revenue growth outlook to 9.5%-10% from 8%-10.5%.
Jacobs now sees FY26 adjusted EPS of $7.20-$7.30, up from $7.10-$7.35 previously. It expects FY26 adjusted EBITDA margin of 14.7%-14.8% and adjusted free cash flow margin around 8%.
Q3 results beat estimates
Jacobs said fiscal third-quarter gross revenue rose 34.5% year over year, while adjusted EPS beat analyst expectations.
Adjusted EBITDA for fiscal Q3 also beat analyst expectations.
Share repurchases and analyst context
Jacobs repurchased $142 million of shares in Q3 and $614 million year to date.
The average analyst rating on the shares is buy, with 13 strong buy or buy ratings, 5 hold ratings and no sell or strong sell ratings. The median 12-month price target is $156.00, about 12.5% above the August 3 closing price of . The stock recently traded at next 12-month earnings, versus a P/E of three months ago.
