Jacobs Engineering Group: The NVIDIA-Backed AI Ecosystem Opportunity Fueling Long-Term Visibility!

Jacobs Engineering Group reported strong financial and operational performance for its fiscal second quarter 2026, reflecting continued momentum across multiple end markets and the integration of PA Consulting, which Jacobs fully acquired earlier this year. Adjusted earnings per share (EPS) increased 22% year-over-year to $1.75, driven by 9% organic growth in net revenue and a 70 basis point expansion in operating margins. The company’s backlog reached a record $27 billion, growing 22% year-over-year, with a trailing 12-month book-to-bill ratio of 1.4x on gross revenue and 1.2x on net revenue, signaling sustained strong demand. Operational highlights included significant project awards across diversified sectors such as water and environmental, life sciences and advanced manufacturing, and critical infrastructure. Notably, Jacobs secured a multi-year wastewater treatment project in San Francisco and expanded its consulting contract with the UK water regulator, Ofwat.