Overview

• U.S. manufacturing solutions provider's preliminary fiscal Q3 revenue rose, beating analyst expectations

• Adjusted EPS for fiscal Q3 beat analyst expectations

• Company raised fiscal 2026 outlook for revenue, margins, EPS and free cash flow

Outlook

• Jabil raises fiscal 2026 outlook for revenue, core operating margin, core EPS and free cash flow

• Company sees Q4 net revenue of $9.2 bln to $10.0 bln

• Jabil expects fiscal 2026 net revenue of $35 bln and core EPS of $12.70

Result Drivers

• AI INFRASTRUCTURE DEMAND - Co said strong AI infrastructure demand boosted results and led to a higher full-year AI-related revenue outlook

• AUTOMOTIVE AND CONNECTED LIVING - Co reported better-than-expected performance in Automotive and Connected Living segments, which had previously been under pressure

• DIVERSIFIED MODEL - Management said its diversified model supported growth and higher margins

Company press release: ID:nBw4sJ1jya

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q3 Revenue	Beat	$8.75 bln	$8.61 bln (8 Analysts)
Q3 Adjusted EPS	Beat	$3.16	$3.10 (9 Analysts)
Q3 EPS		$2.59
Q3 Adjusted Operating Income		$504 mln
Q3 Operating Income		$445 mln

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the electronic equipment & parts peer group is "buy"

• Wall Street's median 12-month price target for Jabil Inc is $382.00, about 1.7% above its June 16 closing price of $375.51

• The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 21 three months ago

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