J · 10-Q · 2026Q2 · Full report
FX / Currency Headwinds
JACOBS SOLUTIONS INC. · 2026-08-04 · Importance 51 · Surprise 64 · Matches filing data
Foreign-currency translation increased revenue by $21.0 million in the third quarter and $136.4 million in the nine months ended June 26, 2026, compared with $37.2 million and $34.8 million, respectively, in the prior-year periods. Foreign exchange also reduced SG&A by $50.8 million on an unfavorable basis year to date, versus a $4.5 million unfavorable impact in the prior year. Jacobs recorded a $20.5 million loss on settling the foreign-exchange forward contract related to the PA Consulting Transaction, while I&AF and PA Consulting reported favorable year-to-date revenue translation impacts of $99.4 million and $37.1 million, respectively.
Key facts
- The change in miscellaneous income (expense) was primarily due to the absence of prior year mark-to-market gains (losses) related to our former investment in Amentum stock of $27.4 million and $(227.3) million for the three and nine month periods ended June 27, 2025, respectively source
- The current year's nine month results included $20.5 million in losses on the settlement of the foreign exchange forward contract in connection with the PA Consulting Transaction source
- The three months ended June 26, 2026 included $6.2 million in mark-to-market gains related to investments in equity securities and the nine months ended June 26, 2026 included a $20.5 million loss on the foreign exchange forward contract in connection with the PA Consulting Transaction source
- The Company's foreign currency translation favorably impacted revenues by $21.0 million and $136.4 million for the three and nine months ended June 26, 2026, respectively source
- SG&A was unfavorably impacted by foreign exchange of $5.0 million and $50.8 million for the three and nine months ended June 26, 2026, respectively source
- PA Consulting foreign currency translation had approximately $1.5 million and $37.1 million in favorable impacts on revenues for the three and nine months ended June 26, 2026, respectively source
- Effect of Exchange Rate Changes for the nine months ended June 26, 2026 was $(8,575) thousand. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | positive | realized | +5.6% | The change in miscellaneous income (expense) was primarily due to the absence of prior year mark-to-market gains (losses) related to our… |
| net_income | negative | realized | -0.7% | The change in miscellaneous income (expense) was primarily due to the absence of prior year mark-to-market gains (losses) related to our… |