Jacobs raises 2026 profit forecast on strong AI-driven infrastructure demand

Feb 3 (Reuters) - Engineering services provider Jacobs Solutions J.N raised its lower end of annual profit forecast on Tuesday, benefiting from a strong demand for its data center infrastructure services.

Demand for data center infrastructure has surged as companies rush to adopt AI, benefiting firms such as Jacobs which provides planning, engineering and construction-management services.

The Dallas, Texas-based company now sees 2026 adjusted per share profit between $6.95 and $7.30, from prior forecast of $6.90 and $7.30, analysts' on average expects $7.10, according to data compiled by LSEG.

The company forecasts 2026 adjusted net revenue to grow 6.5% to 10% from previous expectations of 6% to 10%.

Jacobs' adjusted profit rose to $1.53 per share in the first-quarter, up from $1.33 per share a year ago. Analysts, on average, expected a profit of $1.52 per share.

Its first-quarter gross revenue rose 12.3% to $3.3 billion.