Jabil Q2 revenue, adjusted EPS beat expectations, raises 2026 outlook
Overview
US manufacturing solutions firm's preliminary fiscal Q2 revenue beat analyst expectations
Adjusted EPS for preliminary fiscal Q2 beat analyst expectations
Company raised fiscal 2026 outlook for revenue and core EPS
Outlook
Jabil raises fiscal 2026 outlook, now sees revenue at $34 bln and core EPS at $12.25
Company expects Q3 revenue between $8.1 bln and $8.9 bln
Jabil forecasts adjusted free cash flow above $1.3+ bln for fiscal 2026
Result Drivers
INTELLIGENT INFRASTRUCTURE DEMAND - Co said strong demand in Intelligent Infrastructure, including cloud, data center, networking and communications, led results
REGULATED INDUSTRIES IMPROVEMENT - Co said automotive and renewables performed better than anticipated in Regulated Industries
Company press release: ID:nBw1n8cmja
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $8.3 bln | $7.74 bln (9 Analysts) |
Q2 Adjusted EPS | Beat | $2.69 | $2.51 (9 Analysts) |
Q2 EPS |
| $2.08 |
|
Q2 Adjusted Operating Income |
| $436 mln |
|
Q2 Operating Income |
| $374 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 2 "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 $263.72, about 0.5% above its March 17 closing price of $262.35
The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 18 three months ago
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