Jacobs Stock Jumps 11.5% in a Month: Can This Rally Keep Running?

Jacobs Solutions Inc. shares rose 11.5% over the past four weeks, fueled by a record backlog, margin expansion, and growing demand tied to artificial-intelligence infrastructure. The company’s fiscal 2026 third-quarter adjusted earnings increased 13.6% year over year to $1.84 per share, matching the Zacks Consensus Estimate, while gross revenues climbed 34.5% to $4.08 billion. Jacobs raised its fiscal 2026 guidance again, calling for adjusted earnings of $7.20-$7.30 per share. Backlog grew 27.3% to a record $28.9 billion and the gross revenue book-to-bill was 1.5. AI-related activity represented 11% of adjusted net revenues.