Jacobs Solutions (NYSE: $J) delivered a stronger-than-expected fiscal fourth quarter, reinforcing its momentum heading into 2026. Adjusted EPS came in at $1.75, beating the $1.67 consensus, while shares reacted with a 1.6% move higher. Revenue reached $3.2 billion, up 6.6% year-over-year and ahead of expectations. Adjusted net revenue landed at $2.2 billion, growing 5.8% YoY.
The company’s backlog hit a record $23.1 billion, with a book-to-bill ratio of 1.1x for both the quarter and the trailing 12 months—an encouraging sign of sustained demand across infrastructure, government services, and advanced technology projects. Adjusted EPS climbed 27.7% YoY, and adjusted EBITDA increased 12% to $324 million. GAAP results were influenced by mark-to-market adjustments tied to Jacobs’ past Amentum stake.
CEO Bob Pragada emphasized strong execution, highlighting organic mid-single-digit revenue growth and notable operating margin expansion. The company’s FY25 performance allowed it to return a record $1.1 billion to shareholders through buybacks and dividends.
Looking ahead, Jacobs forecasts adjusted EPS of $6.90–$7.30 for fiscal 2026, implying 16% growth at the midpoint and slightly above consensus expectations. Management also anticipates adjusted net revenue growth between 6% and 10%.
Technical Analysis:
Price action shows a sharp pullback toward a major support zone around the $124 region - a horizontal support, and beneath it lies an ascending multi-year trendline. This zone represents a potential accumulation area for long-term bulls. A successful retest to any of these levels could spark a rebound toward the $160s, with the $168 area acting as a major target. A failure to hold support, however, risks extending the correction toward trendline levels near $120.
Overall, strong fundamentals, record backlog, and improving margins support the broader bullish structure, assuming technical support holds.
The company’s backlog hit a record $23.1 billion, with a book-to-bill ratio of 1.1x for both the quarter and the trailing 12 months—an encouraging sign of sustained demand across infrastructure, government services, and advanced technology projects. Adjusted EPS climbed 27.7% YoY, and adjusted EBITDA increased 12% to $324 million. GAAP results were influenced by mark-to-market adjustments tied to Jacobs’ past Amentum stake.
CEO Bob Pragada emphasized strong execution, highlighting organic mid-single-digit revenue growth and notable operating margin expansion. The company’s FY25 performance allowed it to return a record $1.1 billion to shareholders through buybacks and dividends.
Looking ahead, Jacobs forecasts adjusted EPS of $6.90–$7.30 for fiscal 2026, implying 16% growth at the midpoint and slightly above consensus expectations. Management also anticipates adjusted net revenue growth between 6% and 10%.
Technical Analysis:
Price action shows a sharp pullback toward a major support zone around the $124 region - a horizontal support, and beneath it lies an ascending multi-year trendline. This zone represents a potential accumulation area for long-term bulls. A successful retest to any of these levels could spark a rebound toward the $160s, with the $168 area acting as a major target. A failure to hold support, however, risks extending the correction toward trendline levels near $120.
Overall, strong fundamentals, record backlog, and improving margins support the broader bullish structure, assuming technical support holds.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.