Jacobs Solutions Inc. Reports 34.5% Revenue Growth to $4.08 Billion in Latest Quarter

Jacobs Solutions Inc. reported significant financial performance improvements in its latest quarterly filing, with revenues reaching $4.08 billion for the three months ended June 26, 2026, a 34.5% increase from $3.03 billion in the same period last year. For the nine months, revenues totaled $11.06 billion, up 24.7% from $8.88 billion. The company's gross profit for the quarter was $810.7 million, reflecting a 6.9% increase from $758.4 million year-over-year, while net earnings attributable to Jacobs from continuing operations were $137.4 million, or $1.16 per diluted share, down from $181.2 million, or $1.56 per diluted share, in the prior year.

The financial results were bolstered by strong performance in the Infrastructure & Advanced Facilities (I&AF) segment, which saw revenues of $3.75 billion for the quarter, a 39% increase compared to the previous year. The PA Consulting segment, however, experienced a slight decline in quarterly revenues to $329.5 million, down 1% from $332.7 million, attributed to delayed client approvals affecting revenue recognition. For the nine-month period, PA Consulting revenues increased by 10% to $1.04 billion, driven by growth in public services.

Jacobs made strategic moves during the quarter, notably completing the acquisition of PA Consulting on March 20, 2026, for approximately £1.21 billion. This acquisition was financed through a combination of cash and newly issued shares, and it eliminated the previously reported redeemable noncontrolling interests from Jacobs' financial statements. The company also reported a backlog of $28.89 billion as of June 26, 2026, up from $22.69 billion a year earlier, indicating strong future revenue potential.

Operationally, Jacobs' total current assets increased to $5.09 billion from $4.36 billion year-over-year, driven by higher receivables and contract assets. The company’s long-term debt rose significantly to $3.58 billion, primarily due to financing activities related to the PA Consulting acquisition. Jacobs maintained a robust liquidity position with $1.17 billion in cash and cash equivalents and $1.50 billion available under its revolving credit facility. Looking ahead, Jacobs anticipates continued growth driven by its strategic focus on integrated advisory and technology-enabled solutions, particularly in the face of increasing global challenges in infrastructure and sustainability.