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Jacobs Achieves Record Backlog and Revenue Growth
12 Aug
Summary
- Adjusted EPS grew 14% to $1.84 with over 8% organic net revenue growth.
- Infrastructure, Airports, and Facilities segment set a new net revenue record.
- Company backlog reached $29 billion, marking another record high.
Jacobs reported robust financial results for its fiscal third quarter of 2026, highlighted by significant growth in earnings and revenue. The company announced that adjusted earnings per share (EPS) increased by 14% to $1.84. This growth was underpinned by more than 8% organic net revenue expansion, indicating strong underlying business performance.
The Infrastructure, Airports, and Facilities (I&AF) segment was a key driver, posting nearly $2.1 billion in net revenue, a 10% year-over-year increase and a quarterly record for the division. Overall backlog also surged by 27%, reaching a new record of $29 billion, with a trailing 12-month book-to-bill ratio of 1.4x on gross revenue.
This strong performance has led Jacobs to raise its fiscal year 2026 guidance for the third consecutive time. The company also noted a sustained improvement in its margin profile, with an adjusted EBITDA margin exceeding 15% in the third quarter, up over 100 basis points year-over-year.
