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Beat

Earnings Call

Aug 4, 2026

Q2 FY2026

EPS Estimate

1.64

EPS Actual

1.75

Post-Earnings Close

$144.67

Earnings Reaction

+1.4%

Overview

Jacobs delivered a standout fiscal second quarter, with adjusted EPS of $1.75 growing 22% year-over-year and marking the fifth consecutive quarter of double-digit EPS growth. Organic net revenue expanded 9%, accelerating from the 8% pace in Q1, while adjusted EBITDA margins improved 70 basis points to 14.1%. The results prompted management to raise full-year fiscal 2026 guidance for the second consecutive quarter, now targeting adjusted EPS of $7.10 to $7.35, implying 18% year-on-year growth at the midpoint, alongside an organic net revenue growth range of 8% to 10.5% and an EBITDA margin band of 14.6% to 14.9%.

Key Themes

Segment momentum and mix

The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several

Segment momentum and mix

The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several

Segment momentum and mix

The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several

Segment momentum and mix

The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several

Notable Quotes

“We are confident in the trajectory of the business and the investments we are making across the portfolio, and we expect the momentum we saw this quarter to carry into the back half of the year.”

Chief Executive Officer

“We are confident in the trajectory of the business and the investments we are making across the portfolio, and we expect the momentum we saw this quarter to carry into the back half of the year.”

Report generated on May 6, 2026

AI-generated earnings analysis. Not investment advice.

Q&A Summary

The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.

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Overview

Q&A Summary