Jacobs shifts strategy chief to adviser while Jacobs Solutions stock trades above EUR 124.50

Published on 10/02/2026 at 14:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fiscal third-quarter gross revenue rose 34.50 percent to USD 4.10 billion. Jacobs Solutions stock costs EUR 125.50 on October 2, 2026 versus EUR 124.50.

Fotorealistische Luftaufnahme einer Brückenbaustelle bei Sonnenuntergang mit Kränen und Stahlrahmen — Jacobs Solutions Infrastrukturprojekt zeigt großen Brückenbau über einen Fluss bei Sonnenuntergang, ISIN US4698141098, Illustration mit AI erstellt.

Jacobs Solutions (ISIN US46982L1089) was trading at EUR 125.50 at Lang & Schwarz on October 2, 2026 at 2:38 p.m. CEST, plus 0.80 percent versus the prior close of EUR 124.50. The latest corporate development is a leadership transition involving Shannon Miller, who moved from president of Strategy, Growth & Digital to special adviser to the chief executive officer before leaving the company.

Leadership change meets stronger backlog

According to StockTitan on September 23, 2026, Jacobs Solutions and Miller entered a separation agreement on September 22, 2026. Miller is scheduled to depart no later than October 3, 2026, after serving as a special adviser to Chief Executive Officer Robert V. Pragada.

The transition comes against a strong fiscal third quarter ended June 26, 2026. StockTitan reported gross revenue of USD 4.10 billion, up 34.50 percent year over year, while adjusted net revenue increased 8.30 percent to USD 2.40 billion. GAAP net earnings from continuing operations reached USD 137.40 million, or USD 1.16 per diluted share.

Guidance points to higher earnings

Jacobs also raised its fiscal 2026 outlook for the third consecutive quarter. In the fiscal third-quarter earnings call, Yahoo Finance reported adjusted net revenue growth guidance of 9.50 percent to 10.00 percent, an adjusted EBITDA margin range of 14.70 percent to 14.80 percent and adjusted earnings per share guidance of USD 7.20 to USD 7.30 for fiscal 2026.

The same outlook calls for an adjusted free cash flow margin of 8.00 percent. The midpoint of the adjusted earnings per share range implies 19.00 percent year-over-year growth, giving investors a measurable benchmark for the final quarter and the transition into fiscal 2027.

Backlog supports the growth case

Yahoo Finance reported that Jacobs ended the fiscal third quarter with a record backlog of USD 28.90 billion, up 27.30 percent from a year earlier, and a trailing twelve-month gross book-to-bill ratio of 1.40. The backlog comparison is important because it measures contracted work against revenue delivered and gives the current earnings outlook a visible order base.

The company said direct artificial intelligence infrastructure represented 11.00 percent of adjusted net revenue in the fiscal third quarter, up from 10.00 percent in the previous quarter, according to Yahoo Finance. That mix shift links the backlog story to data center, semiconductor and advanced manufacturing demand.

Stock remains below its yearly high

At the primary exchange, Jacobs was last at USD 139.79 on October 1, 2026 at 4:00 p.m. ET. The 52-week range was USD 105.68 to USD 168.44, and market capitalization stood at USD 16.5 billion as of October 2, 2026.

For German-market investors, the Lang & Schwarz quote stood at EUR 125.50 on October 2, 2026 at 2:38 p.m. CEST, plus 0.80 percent versus the Lang & Schwarz prior close of EUR 124.50. The further course of trading is shown by the continuously updated real-time quote of Jacobs Solutions stock.