Jacobs Q3 Revenue Jumps 34% to $4.1B, PA Consulting Deal Closes

summarizeSummary

Jacobs Solutions reported Q3 FY2026 revenue of $4.08 billion, up 34.5% year-over-year, and completed the full acquisition of PA Consulting. GAAP earnings were impacted by transaction-related costs, but underlying operating performance was strong, with backlog reaching $28.9 billion.

check_boxKey Events · Earnings and Guidance · J

• Revenue Surges 34.5% to $4.08B

  Q3 FY2026 revenue reached $4.08 billion, up from $3.03 billion a year ago, driven by strong performance in Infrastructure & Advanced Facilities.

• PA Consulting Acquisition Completed

  On March 20, 2026, Jacobs acquired the remaining stake in PA Consulting for ~£1.21 billion, eliminating redeemable noncontrolling interests and incurring significant one-time costs.

• GAAP EPS Impacted by Transaction Costs

  Diluted EPS from continuing operations was $1.16, down from $1.56 a year ago, due to $35.8 million in non-deductible PA Consulting expenses and higher restructuring charges.

• Backlog Grows to $28.9 Billion

  Total backlog increased 27% year-over-year to $28.9 billion, reflecting strong demand across advanced manufacturing and infrastructure markets.

auto_awesomeAnalysis · J · Real Estate & Construction

A 34.5% revenue surge to $4.08 billion, fueled by the Infrastructure & Advanced Facilities segment, drove a strong fiscal third quarter for Jacobs. The period also saw the completion of the PA Consulting acquisition, which eliminated redeemable noncontrolling interests but added significant one-time costs that weighed on GAAP earnings. Adjusted results topped expectations, and a backlog that swelled to $28.9 billion signals robust demand. The effective tax rate spiked to 43.4% because of non-deductible transaction expenses—a headwind that will persist through year-end. Meanwhile, the company continued aggressive share buybacks, repurchasing $614 million year-to-date.