Jacobs Solutions Inc. reported significant financial results for the second quarter of fiscal 2026, with revenues reaching $3.69 billion, a 27% increase from $2.91 billion in the same period last year. For the six months ending March 27, 2026, revenues totaled $6.99 billion, up 19.6% from $5.84 billion year-over-year. The increase was primarily driven by strong performance in the Infrastructure & Advanced Facilities (I&AF) segment, which saw revenue growth from its Global Operations, International, and Americas sectors. However, the company recorded a net loss attributable to Jacobs of $45.9 million, or $(0.34) per share, compared to net earnings of $5.6 million, or $0.06 per share, in the prior year.
The financial performance reflects a notable shift in profitability, with gross profit for the quarter at $794.9 million, a 7.7% increase from $738.3 million in the previous year. However, selling, general, and administrative (SG&A) expenses surged to $876.1 million, a 65.4% increase from $529.7 million, largely due to costs associated with the recent acquisition of PA Consulting. The company incurred $207 million in incremental expenses related to equity-based incentive grants and other compensation costs tied to the PA Consulting transaction, which significantly impacted overall profitability.
Strategically, Jacobs completed the acquisition of PA Consulting on March 20, 2026, for approximately £1.21 billion, funded through a combination of cash and newly issued shares. This acquisition is expected to enhance Jacobs' capabilities in delivering integrated advisory and technology-enabled solutions. The company also reported a backlog of $26.97 billion as of March 27, 2026, up from $22.16 billion a year earlier, indicating strong future revenue potential driven by growth in both the I&AF and PA Consulting segments.
Operationally, Jacobs' total current assets increased to $5.21 billion from $4.36 billion, while total liabilities rose to $8.66 billion from $6.59 billion, reflecting the impact of the PA Consulting acquisition and increased long-term debt. The company’s cash and cash equivalents stood at $1.37 billion, up from $1.24 billion at the end of the previous fiscal year. Jacobs also reported a significant increase in long-term debt, which rose to $4.08 billion, primarily due to financing activities related to the acquisition.
Looking ahead, Jacobs anticipates continued growth driven by its strategic initiatives and the integration of PA Consulting. The company expects to leverage its enhanced capabilities to address complex challenges in various sectors, including infrastructure, environmental resilience, and advanced manufacturing. However, it remains cautious about potential market risks, including economic conditions, competition, and regulatory changes that could impact future performance.
About JACOBS SOLUTIONS INC.
Jacobs Solutions Inc. provides professional services in engineering, consulting, and project management across sectors like infrastructure, energy, water, and life sciences. It delivers end-to-end solutions, including design, planning, and digital innovations, to government and private clients worldwide. Focused on sustainability and resilience, Jacobs leverages technology and strategic acquisitions to address complex global challenges and create long-term societal value.
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