You’ve likely searched for jacobs engineering share price because you’re looking at that ticker "J" on the NYSE and wondering why it’s not acting like a typical construction stock. Honestly, the first thing most people get wrong is the name. It isn't even called Jacobs Engineering anymore.
Since late 2022, the company has officially been Jacobs Solutions Inc. This wasn’t just a fancy marketing rebrand. It was a signal to Wall Street that they are ditching the low-margin, "dirt-moving" world of traditional contracting to chase high-tech consulting and data-driven infrastructure. As of mid-January 2026, the stock is hovering around $139.94. If you look at the 52-week range—between $105.15 and $168.44—you can see it’s been a bit of a rollercoaster lately.
But why?
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Why the Market is Obsessed with Jacobs Solutions Right Now
Infrastructure is boring until it isn't. Right now, Jacobs is sitting at the center of three massive trends: water scarcity, the AI data center boom, and the global energy transition.
Just a few weeks ago, in early January 2026, the company announced they were acquiring the remaining stake in PA Consulting. This is huge. PA Consulting is the "brain" of the operation, pulling in high-value strategy work that pays way better than just building a bridge. When that news hit, the stock jumped about 2.5%.
The Data Center Gold Rush
Have you heard of Hut 8? They just appointed Jacobs as the lead for Engineering, Procurement, and Construction Management (EPCM) for a massive new AI data center.
This is the "new" Jacobs.
Instead of just pouring concrete, they are designing the complex cooling systems and power grids required for high-performance computing. It’s specialized. It’s high-margin. And it’s exactly why analysts are currently forecasting a fair value for the stock closer to $160 per share, which would be a 14% upside from where we are today.
Breaking Down the Financials
Let's talk numbers. No fluff.
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In their last major earnings report for the 2025 fiscal year, Jacobs posted an adjusted EPS (Earnings Per Share) of $6.12. That beat their own guidance. They are currently projecting that by the end of fiscal 2026, that number will climb to somewhere between $6.90 and $7.30.
- Backlog: $23.1 billion. This is their "safety net." It represents work they’ve won but haven’t finished yet.
- Dividend: They pay $0.32 per quarter. That’s a yield of about 0.91%. Not a "dividend king" by any means, but they’ve increased it for eight years straight.
- Revenue Growth: They are aiming for 6% to 10% growth in 2026.
Wait. If the backlog is at a record high and they’re winning AI contracts, why did the stock drop 10% after their November earnings call?
Market psychology is weird.
Investors were spooked by the "complexity" of the Amentum spin-off and some mark-to-market losses on their remaining stake in that business. Basically, the company’s structure is getting cleaner, but the transition period is messy. One-time tax events and integration costs for PA Consulting are making the free cash flow look a little tighter than some big institutional investors like.
The Risks Nobody Mentions
Everything isn't sunshine and rainbows.
The biggest risk to the jacobs engineering share price isn't a lack of work—it's execution. When you have a $23 billion backlog, you have to actually finish the jobs on time and on budget. In an era of fluctuating labor costs and high interest rates, a single mismanaged multi-year contract in Australia or the UK can eat up the profits from five smaller jobs.
Also, they have real competition. AECOM and Fluor are breathing down their necks. In fact, AECOM currently has a slightly better net margin (3.85% vs Jacobs' 3.53%).
Is it a "Buy" at $140?
That depends on your timeline. If you’re looking for a quick "to the moon" crypto-style pump, you’re in the wrong place. This is a "slow and steady" industrial play.
The company is repurchasing its own shares at a record pace—over $650 million worth in 2025 alone. That tells you management thinks the stock is undervalued. When a CEO puts that much of the company's cash into buying back its own stock, they’re usually sending a message to the "shorts" that the floor is higher than they think.
What to Watch Next
The next big catalyst is Tuesday, February 3, 2026.
That’s when they report Q1 2026 earnings. The market will be looking for two things:
- Integration Updates: How is the PA Consulting merger actually going?
- Book-to-Bill Ratio: Are they winning new work faster than they’re finishing the old stuff? Anything above 1.0x is a win.
If you’re tracking the jacobs engineering share price, don’t get distracted by the daily noise. Look at the data center wins and the water infrastructure contracts in Virginia and Australia. Those are the long-term drivers.
Actionable Next Steps for Investors:
- Check the 200-day Moving Average: Currently, the stock is trading around $139.51, which is just above its 200-day MA of $137.99. If it dips below that line, it might signal a deeper technical sell-off.
- Monitor the February 3rd Earnings: Pay close attention to the free cash flow guidance. If they can prove that the one-time tax hits from the Amentum deal are behind them, the stock could re-test that $155-$160 range.
- Diversify within Industrials: If the volatility of the J ticker is too much, compare their performance against the Industrial Select Sector SPDR Fund (XLI) to see if the weakness is company-specific or sector-wide.