Result drivers
- I&AF segment growth - Co said Infrastructure & Advanced Facilities segment gross revenue increased 39% yr/yr and adjusted net revenue rose 10%, all organic
- Sector demand - Broad-based revenue growth led by Data Center, Semiconductor, Energy & Power, Transportation and Water sectors, per CEO Bob Pragada
- Client capital spending - Private sector and utility clients boosted capital spending, contributing to accelerating organic growth and record performance in Life Sciences & Advanced Manufacturing
FY26 outlook raised
- Jacobs raises FY26 adjusted net revenue growth outlook to 9.5%-10% from 8%-10.5%
- Company now sees FY26 adjusted EPS of $7.20-$7.30, up from $7.10-$7.35 prior
- Jacobs expects FY26 adjusted EBITDA margin of 14.7%-14.8% and adjusted FCF margin around 8%
Q3 results beat estimates
- U.S. engineering and consulting firm's fiscal Q3 gross revenue rose 34.5% yr/yr, while adjusted EPS beat analyst expectations
- Adjusted EBITDA for fiscal Q3 beat analyst expectations
- Company repurchased $142 mln of shares in Q3, $614 mln year-to-date
Analyst coverage and valuation
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