Jabil beats estimates, raises full-year outlook

Investing.com -- Jabil Inc. (NYSE: JBL) shares have gained around 1% premarket on Wednesday after the company reported second-quarter results that exceeded analyst expectations and raised its full-year outlook, driven by strong demand in cloud infrastructure and data center markets.

The electronics manufacturer posted adjusted earnings per share of $2.69 for the second quarter of fiscal 2026, beating the analyst consensus of $2.49 by $0.20. Revenue reached $8.3 billion, surpassing the $7.75 billion estimate.

The company attributed the better-than-expected performance to strength across its diversified portfolio, particularly in Intelligent Infrastructure, where demand remained robust across cloud and data center infrastructure, networking and communications, and capital equipment. Jabil also noted encouraging improvement in Regulated Industries, with automotive and renewables performing better than anticipated.

"Jabil delivered a very strong second quarter, with results ahead of our expectations across revenue, core operating margin, and core EPS," said CEO Mike Dastoor. "Given the strength of our second-quarter results and increasing confidence in the back half of the year, we are raising our fiscal 2026 outlook for revenue and core EPS."

For the third quarter of fiscal 2026, Jabil expects adjusted EPS between $2.83 and $3.23, with a midpoint of $3.03. The company projects revenue in the range of $8.1 billion to $8.9 billion.

For the full fiscal year 2026, Jabil raised its adjusted EPS guidance to $12.25 from $11.55, above the analyst consensus of $11.64. The company also increased its revenue outlook to $34 billion from $32.4 billion, compared to the $32.6 billion consensus estimate. Jabil expects a core operating margin of 5.7% and adjusted free cash flow of at least $1.3 billion for the fiscal year.

You May Also Be Interested In

• Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
• Worried the AI trade has gone too far? Evercore likes these 4 stocks
• Multiple AI opportunities will drive revenue growth for this name: BofA