Question · Q4 2025
Jerry Revitch at Wells Fargo & Company asked which specific end markets would need to drive pipeline conversion into bookings to enable Jacobs to hit the high end of its FY26 outlook, particularly aiming for a teens growth rate in Q4. He also sought further clarification on the fivefold increase in the data center pipeline, inquiring if it represented an expansion of scope or a longer-term booking horizon, and requested the base off which this growth was measured.
Answer
CFO Venk Nathamuni noted expected continued momentum throughout FY26, with Q4 benefiting from an extra week. Chair and CEO Bob Pragada identified life sciences, data centers, and an acceleration in semiconductor fabrication facilities as key drivers for the high end of the range, along with international transportation and major initiatives in cities and places. He clarified that the data center business, currently around $200 million, could grow to the size of the life sciences business in a few years, with scope expanding into battery limits, water/power requirements, and alternative delivery models.
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