Summary of Jacobs Solutions Conference Call Company Overview - **Company**: Jacobs Solutions (NYSE:J) - **Date**: February 17, 2026 - **Key Speakers**: Bob Pragada (CEO), Venk Nathamuni (CFO) Key Industry Insights Financial Performance - **Q1 Growth**: Achieved an organic top-line growth of **8.2%** and a book-to-bill ratio of **2.0**, indicating strong demand and pipeline growth [2][4] - **Margin Expansion**: Continued margin expansion trend with an EBITDA margin increase of **110 basis points** in fiscal 2025 and a forecasted increase of **50-80 basis points** for fiscal 2026 [58][60] Market Segments - **Data Centers**: Significant growth in data center bookings, contributing to **20%** of overall bookings in Q1, with broad-based growth across water, semiconductors, and transportation sectors [11][12] - **Life Sciences and Advanced Manufacturing**: Strong growth driven by advancements in AI and chip manufacturing, with potential for double-digit revenue growth [110][148] - **Water Sector**: Expected high single-digit growth, supported by large multi-year projects [88][89] - **Environmental Sector**: Experienced some softness due to regulatory volatility but is seeing a rebound in pipeline growth [80][85] Competitive Advantages - **Technology Integration**: Jacobs is leveraging AI and data analytics to enhance operational efficiency and expand serviceable available market (SAM) [18][29] - **Decades of Experience**: The company has a significant advantage due to its long history of unstructured data, which is being transformed into structured data for better decision-making [47][56] - **Global Delivery Model**: The use of global delivery centers is expected to drive margin expansion, particularly in life sciences and advanced manufacturing projects [69][70] Strategic Initiatives Acquisition of PA Consulting - Jacobs is acquiring the remaining **35%** of PA Consulting, which is expected to enhance growth opportunities and operational synergies, particularly in defense and security sectors [171][186] - PA Consulting's expertise in energy, utilities, and health sciences aligns well with Jacobs' existing capabilities [186] Future Growth Prospects - **Geographic Expansion**: Strong growth anticipated in the Middle East, India, and Australia, driven by infrastructure projects and local demand [193][200] - **Free Cash Flow**: Guidance for free cash flow margin increased to **7-8.5%** for fiscal 2026, with a long-term target of **10%+** by 2029 [214][215] Additional Insights - **Client Demand**: Clients are increasingly asking for faster project delivery, particularly in the context of climate change and energy transition [40][46] - **Pricing Strategy**: Pricing remains stable, with opportunities for margin improvement through efficiencies rather than significant price increases [62][65] - **Emerging Trends**: The integration of AI in project delivery and the importance of regulatory compliance in various sectors are critical for maintaining competitive advantage [156][159] Conclusion Jacobs Solutions is positioned for continued growth through strategic acquisitions, technological advancements, and a focus on high-demand sectors such as life sciences, advanced manufacturing, and infrastructure. The company's strong financial performance and proactive approach to market dynamics suggest a positive outlook for the coming years.

Core Insights - ISG has initiated a research study focused on providers that assist enterprises in building AI-ready infrastructure to support AI training, inference, and deployment at scale [1][2] - The upcoming ISG Provider Lens® report, titled "AI-ready Infrastructure Solutions," is set to be published in July 2026, evaluating companies that deliver integrated AI infrastructure platforms and GPU-as-a-service (GPUaaS) offerings [1] Group 1: Research Focus - The study aims to assess providers' capabilities in delivering performance, efficiency, and ease of management for enterprise AI buildouts [1] - Enterprises are increasingly pressured to balance performance with cost clarity, power consumption, compliance, and resilience, making clarity and architectural coherence from providers essential [1][2] Group 2: Market Trends - The market is transitioning from general-purpose infrastructure to solutions that enhance performance, efficiency, and management ease, with enterprises seeking integrated AI systems and consumption-based models [1] - Providers are expected to simplify deployment, orchestration, and lifecycle management while offering access to high-performance accelerators without long-term capital commitments [1] Group 3: Evaluation Quadrants - The research will produce two quadrants: one for GPU as a Service (GPUaaS) and another for Integrated AI Infrastructure Systems, evaluating their ability to support model development, training, deployment, and inference [1] - The GPUaaS quadrant will focus on providers delivering GPU resources through flexible commercial models, emphasizing predictable performance and pricing transparency [1] Group 4: Global Reach - The study will cover the global AI-ready infrastructure solutions market, examining products and services available worldwide, with a focus on enhancing enterprise AI capabilities [1] - ISG's research will include expanded customer experience data to measure actual enterprise experiences with specific provider services and solutions [1]

Core Insights - The 2026 Leveraged Loan Market Survey by FTI Consulting indicates a cautious outlook among lenders due to high loan default volumes, fraud concerns, and uncertainty regarding AI investments [1][2]. Lender Sentiment - Loan default volumes are above average, and liability management exercises are ongoing, leading to a cautious environment for leveraged lenders [2]. - Retail and consumer products are viewed as the sectors most likely to face distress, followed by restaurants and healthcare, with real estate dropping in concern from second to seventh place [3]. Fraud Concerns - Only 21% of lenders expressed strong confidence in fraud risk oversight within the leveraged credit market, while 60% were somewhat confident and 19% lacked confidence [4]. AI Investment Perspectives - 53% of respondents believe AI will enhance information flow in the coming years, but 21% consider an AI investment crash as a significant underestimated risk for 2026 [5]. Loan Market Expectations - A majority of respondents (50%) expect loan yields to widen slightly in 2026, contrasting with 43% who anticipated yields to contract [5]. Default and Economic Outlook - Over three-quarters of respondents expect loan defaults to increase slightly (58%) or substantially (19%) in 2026, a more pessimistic view compared to the previous year [6]. - Expectations for the Fed Funds rate have moderated, with 73% anticipating it to end between 3%-4% by year-end, indicating limited rate cuts [6]. - About 40% of respondents foresee stagnant or negative GDP growth in 2026, a significant shift from the previous year's optimism [6]. - While 68% consider the likelihood of a recession minor or negligible, nearly one-third view it as material or likely, reflecting increased pessimism compared to last year [6]. Survey Methodology - The survey was conducted among large bank and non-bank lenders from November 18 to December 19, 2025, including various financial institutions and senior executives [7].

the largest global professional services network serving our clients in the markets that are most important to them. Bringing more than 180 years of service, our network of member firms spans more than 150 countries and territories. Learn how Deloitte's approximately 470,000 people worldwide connect for impact at [www.deloitte.com].Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee ("DTTL"), its network of member firms, and their related entities. D ...

此次更新反映了正在进行的业务模式转型、子公司注册进展，以及对持续监测上市标准合规情况的承诺马来西亚吉隆坡, Feb. 13, 2026 (GLOBE NEWSWIRE) -- VCI Global Limited（Nasdaq：VCIG，以下简称“VCI Global”或“公司”）是一家正向 AI 原生运营平台转型的多元化控股公司，今日就其业务模式演进发布战略更新，并重申对持续满足 Nasdaq 上市要求的坚定承诺。 模块化分拆战略验证 VCI Global 正持续推进其通过子公司潜在独立上市实现价值释放的战略。 公司确认，其咨询业务分支 V Capital Consulting Group Limited（简称“VCCG”）已于 2026 年 1 月 28 日向美国证券交易委员会提交了 F-1 表格注册声明，拟申请在 Nasdaq 资本市场上市。 此举体现了 VCI Global 模块化运营的战略思路，即对部分业务单元进行规模化，为其潜在独立发展铺路。 公司认为，这一结构有助于增强战略聚焦、提升资本配置效率，并为长期股东价值提供支撑。然而，相关上市事项的时间安排与最终完成仍存在不确定性，尚无法保证。 AI ...

A cloud-native, AI-first alliance that delivers intelligent, enterprise-led transformations with modular, scalable solutions for clients worldwide Co-innovating with SAP, combining KPMG professionals' deep sector and functional knowledge with SAP expertise in enterprise applications and business AILondon, United Kingdom--(Newsfile Corp. - February 11, 2026) - KPMG is expanding its collaboration with SAP SE, a global leader in enterprise applications and business AI, through a strategic services partnership ...

RGP Launches rIQ, Proprietary AI Accelerator Built on ServiceNowDALLAS--([BUSINESS WIRE])--RGP has launched rIQ, a proprietary AI accelerator that powers GenAI with the data and logic needed to deliver more accurate service solutions....## RGP Hires Scott Rottmann as President, CFO AdvisoryDALLAS-- ([BUSINESS WIRE])--RGP appointed Scott Rottmann to the newly created role of President, CFO Advisory, accelerating the growth of its Office of the CFO capabilities....[Back to Newsroom]## Wish your news had this ...

Group 1 - The recent government shutdown delayed the release of key jobs data, which was originally scheduled for last Friday [1] - The Bureau of Labor Statistics had just resumed its regular data release schedule after a 43-day shutdown, which previously halted all federal data collection [2] - The lack of government data has led to increased attention on third-party reports, such as Challenger, Gray & Christmas, which reported that companies cut 108,000 jobs in January, the highest for any January since 2009 [3] Group 2 - U.S. employers added 50,000 jobs in December, which was below the revised figure of 56,000 jobs added in November and below the expected 73,000 jobs [3][4] - The unemployment rate decreased to 4.4% in December from a revised 4.5% in November, marking the first decline since June [4] - Federal Reserve officials are concerned about a potential surge in unemployment, noting that job openings in December were at their lowest since 2020 [5][6] Group 3 - Economists view job openings as a leading indicator of future job growth, which is crucial for the Federal Reserve's mandate to maintain high employment and control inflation [6] - The Federal Reserve has been divided on whether to cut interest rates to support the job market or maintain higher rates to combat inflation, with rates held flat at the January meeting [7] - Analysts from Bank of America Global Research referred to the upcoming jobs report as the "Super Bowl of jobs reports" due to the significant attention it is receiving [8] Group 4 - Forecasters predict that U.S. employers likely added 55,000 jobs in the last month, with job gains expected to be concentrated in health care, while the unemployment rate is forecast to remain at 4.4% [9] - The U.S. Bureau of Labor Statistics releases the Employment Situation Summary monthly, estimating job additions, average hours worked, and average hourly earnings [11] - The government's jobs report is considered the gold standard for measuring labor market health and the broader U.S. economy [12]

Update Reflects Ongoing Business Model Transition, Subsidiary Registration Activity, and Commitment to Monitoring Listing StandardsKUALA LUMPUR, Malaysia, Feb. 11, 2026 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global” or the “Company”), a diversified holding company transitioning toward an AI-Native operating platform, today provided a strategic update on its evolving business model and reaffirmed its commitment to maintaining compliance with Nasdaq listing requirements. Validation of Mod ...

lead to real movement, whether development is feasible alongside day-to-day work, and whether leaders follow through on communicated plans.About Mercer's 2026 Inside Employees' MindsMercer's 2026 Inside Employees' Minds findings are based on a survey of more than 4,500 US employees, conducted between September 3 and October 4, 2025. The survey examined employees' unmet needs and concerns related to economic uncertainty, AI-driven workplace change, job security, financial well-being, mental health, flexibili ...