Jacobs Solutions slides as investors focus on GAAP loss and guidance nuances after Q2 report

Jacobs Solutions (J) is down 6.0% today. Here is some analysis on what might have caused this price movement.

Analysis: The selloff appears tied to post-earnings follow-through after Jacobs posted a GAAP loss for fiscal Q2 2026, which may be weighing on sentiment despite stronger adjusted results and a higher full-year outlook. Investors also seem to be recalibrating expectations after at least one major firm trimmed its price target, reinforcing the idea that near-term optics (GAAP profitability and revenue outlook) matter more than adjusted beats.

Details:

Jacobs reported fiscal Q2 2026 GAAP EPS of ($0.32) and a GAAP net loss from continuing operations, citing impacts related to its PA Consulting transaction, even as adjusted performance was positive.

On an adjusted basis, the company reported adjusted EPS of $1.75 and raised its fiscal 2026 outlook, including adjusted EPS of $7.10 to $7.35 and higher targets for adjusted net revenue growth and adjusted EBITDA margin.

A notable downgrade-style action hit sentiment shortly after earnings, with KeyCorp trimming its price target (while maintaining an overweight rating), and the shares opened materially lower that day.

The stock has also been in a multi-day slide, suggesting broader de-risking and valuation sensitivity amplified today’s move.

Sources:

Jacobs (Q2 FY2026 earnings release), MarketBeat, Trefis

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$J Insider Trading Activity

$J insiders have traded $J stock on the open market 3 times in the past 6 months. Of those trades, 3 have been purchases and 0 have been sales.

Here’s a breakdown of recent trading of $J stock by insiders over the last 6 months:

PETER J ROBERTSON purchased 1,000 shares for an estimated $134,760
VENKATESH NATHAMUNI (Chief Financial Officer) purchased 750 shares for an estimated $101,332
MANUEL J FERNANDEZ purchased 763 shares for an estimated $99,785

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$J Hedge Fund Activity

We have seen 395 institutional investors add shares of $J stock to their portfolio, and 445 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

LAZARD ASSET MANAGEMENT LLC removed 1,617,359 shares (-52.2%) from their portfolio in Q4 2025, for an estimated $214,235,373
FOCUS PARTNERS WEALTH added 952,151 shares (+246.3%) to their portfolio in Q4 2025, for an estimated $126,121,921
THIRD POINT LLC removed 915,000 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $121,200,900
KOVITZ INVESTMENT GROUP PARTNERS, LLC removed 901,284 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $119,384,078
BLACKROCK, INC. added 864,780 shares (+9.0%) to their portfolio in Q1 2026, for an estimated $110,069,198
ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC removed 733,730 shares (-30.7%) from their portfolio in Q1 2026, for an estimated $93,389,154
BOSTON PARTNERS removed 592,503 shares (-19.5%) from their portfolio in Q4 2025, for an estimated $78,482,947

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$J Analyst Ratings

Wall Street analysts have issued reports on $J in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Goldman Sachs issued a "Buy" rating on 11/24/2025
RBC Capital issued a "Outperform" rating on 11/21/2025
Citigroup issued a "Buy" rating on 11/21/2025

To track analyst ratings and price targets for $J, check out Quiver Quantitative's $J forecast page.

$J Price Targets

Multiple analysts have issued price targets for $J recently. We have seen 8 analysts offer price targets for $J in the last 6 months, with a median target of $151.0.

Here are some recent targets:

Jerry Revich from Wells Fargo set a target price of $131.0 on 05/07/2026
Sangita Jain from Keybanc set a target price of $150.0 on 05/06/2026
Sabahat Khan from RBC Capital set a target price of $169.0 on 05/06/2026
Andrew Kaplowitz from Citigroup set a target price of $181.0 on 05/06/2026
Andrew Wittmann from Baird set a target price of $126.0 on 04/13/2026
Adam Bubes from Goldman Sachs set a target price of $158.0 on 11/24/2025
Michael Feniger from B of A Securities set a target price of $141.0 on 11/21/2025

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.