Jacobs Solutions Inc. (NYSE:J) reported stronger-than-expected fiscal fourth-quarter earnings, delivering adjusted EPS of $1.75, ahead of the $1.67 analyst forecast.

For the quarter ended September 26, 2025, Jacobs generated revenue of $3.2 billion, surpassing consensus expectations of $3.15 billion and marking a 6.6% year-over-year increase. Adjusted net revenue rose 5.8% to $2.2 billion.

The company's backlog reached a new record of $23.1 billion, up 5.6% from the prior year, supported by a book-to-bill ratio of 1.1x for both the quarter and the trailing twelve-month period.

Adjusted EPS increased 27.7% year over year, while adjusted EBITDA rose 12% to $324 million. GAAP earnings were affected by mark-to-market adjustments tied to the company's former holdings in Amentum.

For fiscal 2026, Jacobs projected adjusted EPS between $6.90 and $7.30, representing 16% growth at the midpoint compared to fiscal 2025. The midpoint of $7.10 was slightly above the analyst consensus of $7.01. The company also anticipated adjusted net revenue growth of 6% to 10% for the year.