Jacobs lifts 2026 profit forecast on strong AI infrastructure demand

May 5 - Engineering ‌services ​provider ​Jacobs Solutions on Tuesday lifted its forecast for annual profit, banking ‌on strong demand for its data ⁠center infrastructure services.

The rush to build data centers ‌to run artificial intelligence ‌technologies is benefiting firms such as Jacobs that provide planning, engineering and construction-management ​services.

• The Dallas, Texas-based company now expects 2026 adjusted per share profit ⁠between $7.10 and $7.35, the midpoint of which is above analysts' ​estimates of $7.16 per share, according to data compiled by LSEG.

• The company ​forecast 2026 adjusted net ‌revenue to grow 8% to 10.5%

• Jacobs' adjusted profit rose ⁠to $1.75 per share in the quarter ended March 31, up from $1.43 per share a ⁠year ago. Analysts expected a profit of $1.63 per ​share.

• The company reported second-quarter revenue of $3.69 billion, compared with $2.91 billion a year earlier.

• Revenue of ‌newly acquired UK-based firm, PA Consulting, rose 17% in the quarter.

• ‌Shares of the company, however, were ⁠down about 2% ‌in after-hours trading.

(Reporting ​by Jahanvi Kothari and Parth Chandna in Bengaluru; Editing by Sahal ‌Muhammed)

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Madonna tops Taylor Swift in nominations for MTV's Video Music Awards
• Comcast expands Xfinity security offerings to deepen broadband customer ties
• At least 25 killed in attack on Nigeria's Plateau amid reprisal fears