Slide 1: Jacobs Fiscal 2026 Third Quarter Results
Jacobs Fiscal 2026 Third Quarter Results August 4, 2026
Slide 2: Forward-Looking Statement Disclaimer
DISCLAIMER Forward-Looking Statement Disclaimer Certain statements contained in this presentation constitute forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that do not directly relate to a
Slide 3: Today's Agenda
Today’s Agenda Overview Performance overview Recent notable project wins AI build-out update Financial review Q3 FY 2026 results Q3 FY 2026 end market and segment review Balance sheet and cash flow review Outlook Q&A 3 ©Jacobs 2026 2024
Slide 4: Q3 FY 2026 Results Summary
Q3 FY 2026 Results Summary Q3 FY 2026 Results ▪ GAAP gross revenue of $4.1B (+34.5% y/y) and adjusted net revenue1 of $2.4B (+8.3% y/y) ▪ GAAP net income2 of $137M (vs. $181.2M in Q3 2025) and adjusted net income1 of $219M (+12.5% y/y) ▪ Adjusted EBITDA1 of $367M (+16.7% y/y) ▪ Adjusted EBITDA margi
Slide 5: Significant Awards Announced in Q3 FY 2026
№1 Significant Awards Announced in Q3 FY 2026 Design Firm Data Centers Pharmaceuticals Airports Wastewater Treatment +13 More WATER & ENVIRONMENTAL WATER & ENVIRONMENTAL LIFE SCIENCES & ADV. MANUFACTURING CRITICAL INFRASTRUCTURE NAVFAC Atlantic CLEAN Strawberry High Line Improvement Hut 8 AI Data Ce
Slide 6: AI investment is catalyzing organic growth
AI investment is catalyzing organic growth Data Centers Massive growth in AI compute requirements de m an d ive dr AI Investment Semiconductors ~$1T annual capex Led by high-bandwidth and growing memory and logic chips enable requir Delivering the 11% of Adj. Net e AI build-out Revenue¹ directly Ene
Slide 7: Q3 FY 2026 Results
Q3 FY 2026 Results1 Adj. Net Revenue1 Adj. EBITDA1 Adj. EPS1 Backlog1 $367M $1.84 $2.4B $1.62 $28.9B $314M $2.2B $22.7B Q3 2025 Q3 2026 Q3 2025 Q3 2026 Q3 2025 Q3 2026 Q3 2025 Q3 2026 +8.3% y/y +16.7% y/y +13.6% y/y +27.3% y/y 1 See Use of Non-GAAP financial measures and operating metrics at the end
Slide 8: Q3 FY 2026 I&AF End Market Performance
Q3 FY 2026 I&AF End Market Performance Life Sciences & Advanced Manufacturing Critical Infrastructure Water & Environmental I&AF End Market Exposure Strong growth led by Data Continued strong demand Solid growth in Water, offset Gross Revenue Centers and Semiconductors in Transportation and by Envir
Slide 9: Segment Financials
Segment Financials $’s in millions for fiscal quarters Q3 2025 Q3 2026 Y/Y Y/Y CC Infrastructure and Advanced Facilities Operating Profit 236 268 13.6% 13.4% as a % of adj. net revenue 12.4% 12.8% 42 bps 51 bps PA Consulting Operating Profit 72 74 1.7% 2.2% as a % of revenue 21.8% 22.3% 58 bps 79 bp
Slide 10: Balance Sheet and Cash Flow
Balance Sheet and Cash Flow Robust free cash flow generation in Q3 Net leverage below 2.0x ahead of schedule Q3 adjusted cash flow from operations (CFFO)¹ Net leverage ratio3 $566M YE 2026 Target <2.0x Q3 adjusted free cash flow (FCF)¹ $541M 2.1x 1.8x 1.5x Continued strong returns to shareholders in
Slide 11: Raising FY 2026 Outlook
Raising FY 2026 Outlook Fiscal Year 2026 Assumptions Adjusted Net Revenue % Growth 9.5% to 10.0% y/y FULLY DILUTED AVERAGE SHARE COUNT: 118-119M NET INTEREST EXPENSE: Adjusted EBITDA Margin 14.7% to 14.8% $147-149M DEPRECIATION: $89-92M Adjusted EPS $7.20 to $7.30 FY ADJUSTED EFFECTIVE TAX RATE: 25.
Slide 12: Appendix
_ Appendix
Slide 13: Debt and Interest Overview
Debt and Interest Overview Debt Breakdown Fixed vs. Floating Debt Trend Tranche Balance Q3'26 Rate Q2'26 Rate As of June 26, 2026 USD Revolver $0M 5.0% 4.9% USD Term Loans $1,200M 4.9% 4.8% Swapped -$200M —% —% $45.3 Deferred Financing Cost -$21M —% —% $29.1 $28.8 $31.7 $27.0 $25.2 $27.0 $26.6 Total
Slide 14: Selected Financial Data
Selected Financial Data Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 $’s in millions (unaudited) 2025 2025 2025 2025 2025 2026 2026 2026 Infrastructure and Advanced Facilities Backlog 21,484 21,768 22,270 22,649 22,649 25,902 26,538 28,429 Gross Revenue 2,626 2,603 2,699 2,836 10,764 2,939 3,336 3,747 Pass Through Reven
Slide 15: Reconciliation of Segment Operating Profit to Total U.S. GAAP Operating Profit
Reconciliation of Segment Operating Profit to Total U.S. GAAP Operating Profit (in thousands) Twelve Months Three Months Ended Ended Three Months Ended December 27, March 28, June 27, September 26, September 26, December 26, March 27, June 26, 2024 2025 2025 2025 2025 2025 2026 2026 Segment Operatin
Slide 16: Sustainability and Corporate Responsibility at Jacobs
Sustainability and Corporate Responsibility at Jacobs Jacobs is focused on creating shareholder value, including through its continued delivery of sustainability-related solutions for the world's most complex challenges. Our reputation for designing and implementing science-based, digitally enabled
Slide 17: Use of Non-GAAP financial measures and operating metrics
Use of Non-GAAP financial measures and operating metrics In this presentation, the Company has included certain non-GAAP financial measures as defined in Regulation G promulgated under the Securities Exchange Act of 1934, as amended. These non-GAAP measures are described below. Adjusted net revenue
Slide 18: Use of Non-GAAP financial measures and operating metrics (cont.)
Use of Non-GAAP financial measures and operating metrics (cont.) We eliminate the impact of “Restructuring, Integration, Transaction and Other Charges” and "Other Adjustments" because we do not consider these to be indicative of ongoing operating performance. Actions taken by the Company to enhance
Slide 19: Reconciliation of Earnings from Continuing Operations Before Taxes
Reconciliation of Earnings from Continuing Operations Before Taxes to Adjusted Earnings from Continuing Operations Attributable to Jacobs Before Taxes (in thousands) Three Months Ended June 26, 2026 June 27, 2025 Earnings from Continuing Operations Before Taxes $ 241,247 $ 245,104 Restructuring, Int
Slide 20: Reconciliation of Operating Profit to Adjusted Operating Profit
Reconciliation of Operating Profit to Adjusted Operating Profit (in thousands) Twelve Months Three Months Ended Ended Three Months Ended December 27, March 28, June 27, September 26, September 26, December 26, March 27, June 26, 2024 2025 2025 2025 2025 2025 2026 2026 Operating Profit $ 208,418 $ 20
Slide 21: Reconciliation of Operating Profit to Adjusted Earnings Per Share
Reconciliation of Operating Profit to Adjusted Earnings Per Share (in thousands) Three Months Ended June 26, 2026 June 27, 2025 Operating Profit $ 286,703 $ 235,014 Restructuring, Integration, Transaction and Other Charges 21,625 22,673 Other Adjustments 33,440 50,707 Jacobs Adjusted Operating Profi
Slide 22: Reconciliation of Net Earnings to Adjusted Net Earnings
Reconciliation of Net Earnings Attributable to Jacobs from Continuing Operations to Adjusted Net Earnings Attributable to Jacobs from Continuing Operations (in thousands) Three Months Ended June 26, 2026 June 27, 2025 Net Earnings Attributable to Jacobs from Continuing Operations $ 137,359 $ 181,234
Slide 23: Reconciliation of Diluted EPS to Adjusted Diluted EPS
Reconciliation of Diluted Net Earnings from Continuing Operations Per Share to Adjusted Diluted Net Earnings from Continuing Operations Per Share Three Months Ended June 26, 2026 June 27, 2025 Diluted Net Earnings from Continuing Operations Per Share $ 1.16 $ 1.56 After-tax effects of Restructuring,
Slide 24: Reconciliation of Net Earnings to Adjusted EBITDA
Reconciliation of Net Earnings Attributable to Jacobs from Continuing Operations to Adjusted EBITDA (in thousands) Twelve Months Three Months Ended Ended June 26, 2026 June 27, 2025 June 26, 2026 Net Earnings Attributable to Jacobs from Continuing Operations $ 137,359 $ 181,234 $ 357,356 After-tax e
Slide 25: Reconciliation of LTM Net Earnings to LTM Adjusted EBITDA
Reconciliation of LTM Net Earnings Attributable to Jacobs from Continuing Operations to LTM Adjusted EBITDA (in thousands) Twelve Months Ended March 28, June 27, September 26, December 26, March 27, June 26, 2025 2025 2025 2025 2026 2026 Net Earnings Attributable to Jacobs from Continuing Operations
Slide 26: Reconciliation of Noncontrolling Interests Earnings
Reconciliation of Earnings Attributable to Noncontrolling Interests from Continuing Operations to Adjusted Earnings Attributable to Noncontrolling Interests from Continuing Operations (in thousands) Three Months Ended June 26, 2026 June 27, 2025 Earnings Attributable to Noncontrolling Interests from
Slide 27: Reconciliation of Miscellaneous Expense to Adjusted Miscellaneous Expense
Reconciliation of Miscellaneous Expense from Continuing Operations to Adjusted Miscellaneous Expense from Continuing Operations (in thousands) Three Months Ended June 26, 2026 June 27, 2025 Miscellaneous Income (Expense) from Continuing Operations $ 890 $ 38,844 Restructuring, Integration, Transacti
Slide 28: Reconciliation of Interest Expense to Adjusted Interest Expense
Reconciliation of Interest Expense from Continuing Operations to Adjusted Interest Expense from Continuing Operations (in thousands) Three Months Ended June 26, 2026 June 27, 2025 Interest Expense from Continuing Operations $ (54,652) $ (37,051) Restructuring, Integration, Transaction and Other Char
Slide 29: Reconciliation of Income Tax Expense to Adjusted Income Tax Expense
Reconciliation of Income Tax Expense from Continuing Operations to Adjusted Income Tax Expense from Continuing Operations (in thousands) Three Months Ended June 26, 2026 June 27, 2025 Income Tax Expense from Continuing Operations $ (104,635) $ (53,752) Tax Effects of Restructuring, Integration, Tran
Slide 30: Reconciliation of Adjusted Free Cash Flow
Reconciliation of Adjusted Free Cash Flow (in thousands) Three Months Ended Nine Months Ended June 26, 2026 June 27, 2025 June 26, 2026 June 27, 2025 Net cash provided by operating activities $ 456,119 $ 292,594 $ 352,758 $ 303,619 Payout of transaction proceeds in conjunction with the PA Consulting
Slide 31: Reconciliation of I&AF by End Market GAAP Revenue to Adjusted Net Revenue
Reconciliation of I&AF by End Market GAAP Revenue to Adjusted Net Revenue (in thousands) Three Months Ended June 26, 2026 June 27, 2025 Critical Infrastructure Revenue $ 1,224,672 $ 1,142,216 Pass Through Revenue (216,660) (221,055) Adjusted Net Revenue $ 1,008,012 $ 921,161 Water and Environmental
Slide 32: Reconciliation of Constant Currency Adjusted Net Revenue
Reconciliation of Jacobs Constant Currency Adjusted Net Revenue $’s in millions Net Revenue impact of Constant Currency Jacobs Infrastructure and Advanced PA Consulting Facilities Q3 FY 26 Adj. Net Revenue 2,417 2,087 330 Currency Impact (18) (17) (1) Adj. Net Revenue in Constant Currency 2,398 2,07
Slide 33: Reconciliation of Constant Currency Adjusted Operating Profit
Reconciliation of Jacobs Constant Currency Adjusted Operating Profit $’s in millions Adj. OP impact of Constant Currency Jacobs Infrastructure and Advanced PA Consulting Facilities Q3 FY 26 Adj. Operating Profit 342 268 74 Currency Impact — (1) — Adj. Operating Profit in Constant Currency 342 268 74
Slide 34: Challenging today.
a | Challenging today. e Vacobs ware on in X fo