J · Full Picture

JACOBS SOLUTIONS INC. — the full picture

Earnings window · 2026-07-14 to 2026-08-09 · anchored on the 10-Q report

One earnings window, everything merged: the filing, the call, press releases and news digests, folded into ranked threads.

What to look at first

1. Acquisition / Partnership / Divestiture · M&A and divestituresPriority 88
   -14.9% operating_income (realized); 3 sources (news, press_release, sec_filing); 2 forward row(s); structured_verified
   The nine months ended June 26, 2026 included $237.5 million in charges for certain subsidiary level compensation based agreements and $122.7 million primarily relating to consideration costs to specified PA Consulting employees in connection with the PA Consulting Transaction
2. Revenue Performance and Mix · Revenue growth & mixPriority 81
   +76.0% revenue; 3 sources (news, press_release, sec_filing); 1 forward row(s); structured_verified
   Gross revenue of $4.1 billion in Q3 2026, up 34.5% year-over-year
3. Outstanding Indebtedness · Debt, leverage & refinancingPriority 78
   -31.1% liability (realized); structured_verified
   On March 27, 2025, the Company and its subsidiary entered into the 2025 Term Loan Facility and the proceeds were used to extinguish the remaining $531.6 million under the GBP 2021 Term Loan contract.
4. AI Infrastructure Demand · Demand, orders & backlogPriority 69
   2 sources (news, press_release); 1 forward row(s); quote_verified
   Jacobs said its opportunity pipeline for data center and semiconductor business tripled and its backlog doubled.
5. Headcount / Restructuring · Restructuring & impairmentPriority 68
   +4.1% operating_income; 2 sources (press_release, sec_filing); 4 forward row(s); structured_verified
   These Separation Transaction restructuring actions are anticipated to be substantially completed at the end of fiscal year 2026 and are expected to result in estimated gross annualized pre-tax cash savings of approximately $200 million to $245 million
6. Capital Return Program · Buybacks & dividendsPriority 64
   +5.4% cash (realized); 2 sources (press_release, sec_filing); structured_verified
   Repurchased $142 million of Jacobs shares in Q3 and $614 million year-to-date
7. End-Market Demand Trends · Demand, orders & backlogPriority 64
   quote_verified
   The increase in I&AF backlog from June 27, 2025 was predominantly driven by growth across Advanced Manufacturing market
8. Guidance / Outlook · Guidance & outlookPriority 64
   2 sources (news, press_release); 6 forward row(s); quote_verified
   Jacobs raised its fiscal 2026 outlook for adjusted net revenue growth to 9.5% to 10.0% over fiscal 2025 (prior forecast 8.0% to 10.5%)
9. Backlog and Guidance · UnclassifiedPriority 63
   2 forward row(s); quote_verified
   Jacobs announced a record backlog of $29 billion driven by demand in AI infrastructure, advanced manufacturing, and environmental services.
10. Operating Expense Trends · Operating expenses (SG&A)Priority 63
    -9.0% operating_income (realized); quote_verified
    SG&A for the nine months ended June 26, 2026 included $217.0 million in incremental expense mainly from the full vesting of remaining equity-based incentive grants and $123.9 million in incremental compensation costs in distributions associated with the PA Consulting employee benefit trust
11. Backlog and Book-to-Bill · Demand, orders & backlogPriority 61
    1 forward row(s); quote_verified
    Record backlog of $28.9 billion, up 27% year-over-year
12. Operating Cash Flow Trends · Cash flow generationPriority 60
    2 sources (press_release, sec_filing); quote_verified
    Jacobs generated $456 million in cash from operations in Q3

Threads by pillar

Revenue & Demand Priority 89 · 6 threads

• Revenue Performance and MixPriority 81 · News, Release, Filing
• AI Infrastructure DemandPriority 69 · News, Release
• End-Market Demand TrendsPriority 64 · Filing
• Backlog and Book-to-BillPriority 61 · Release
• Geographic Market CommentaryPriority 33 · News, Filing
• Products and TechnologyPriority 26 · Filing

Costs & Margins Priority 82 · 5 threads

• Headcount / RestructuringPriority 68 · Release, Filing
• Operating Expense TrendsPriority 63 · Filing
• Gross Margin DriversPriority 58 · Filing
• Operating Margin DriversPriority 45 · News, Release
• Net Income and EPS PerformancePriority 41 · News, Release

Capital & Balance Sheet Priority 93 · 8 threads

• Outstanding IndebtednessPriority 78 · Filing
• Financing ActivitiesPriority 53 · Release
• Capital Return ProgramPriority 64 · Release, Filing
• Quarterly Dividend DeclarationPriority 23 · News
• Operating Cash Flow TrendsPriority 60 · Release, Filing
• Income Tax Rate ChangesPriority 50 · Release, Filing
• Liquidity and Debt PositionPriority 49 · Release, Filing
• Capital ExpendituresPriority 31 · Filing

Strategy & Portfolio Priority 88 · 1 thread

• Acquisition / Partnership / DivestiturePriority 88 · News, Release, Filing

Guidance & Outlook Priority 64 · 1 thread

• Guidance / OutlookPriority 64 · News, Release

Macro & Market Conditions Priority 62 · 3 threads

• FX / Currency HeadwindsPriority 53 · Filing
• Interest Rate EnvironmentPriority 44 · Filing
• Competition and Market SharePriority 22 · Release

Unclassified Priority 70 · 3 threads

• Backlog and GuidancePriority 63 · News
• Free Cash Flow and LiquidityPriority 55 · Release
• Customer Approval DelaysPriority 28 · Filing

Expected impact by metric