Jacobs Beats Q2 Estimates, Stock Slides

Jacobs Solutions posted Q2 adjusted EPS $1.75, beating consensus $1.64, and adjusted net revenue $2.3B, up 8.8% YoY.
Gross revenue rose 27% YoY to $3.7B, driven by growth in data centers, semiconductors, water, energy, and transportation.
Company raised FY2026 adjusted EPS guidance to $7.10‑$7.35 (midpoint $7.23) and net revenue growth outlook to 8‑10.5%, above analyst expectations.
Jacobs repurchased $220M of shares in Q2 (total $472M YTD) and completed acquisition of PA Consulting stake, boosting cost synergies to >$20M.