Jabil lifts FY outlook as Q2 results surpass Wall Street expectations

Jabil (NYSE:JBL) today reported preliminary, unaudited financial results for its second quarter of fiscal year 2026, delivering a performance that exceeded internal guidance and Wall Street consensus.

The electronics manufacturing giant posted net revenue of $8.3 billion, surpassing the analyst estimate of $7.75 billion, while core diluted earnings per share reached $2.69, beating the projected $2.54.

The company's growth was largely propelled by its Intelligent Infrastructure segment, which continues to benefit from the global acceleration of cloud and data center infrastructure spending.

CEO Mike Dastoor noted that the quarter's success was broad-based, with additional momentum coming from networking, communications, and capital equipment.

Furthermore, the Regulated Industries segment—specifically automotive and renewables—performed better than management had anticipated earlier in the fiscal year.

On a U.S. GAAP basis, Jabil reported an operating income of $374 million and diluted earnings per share of $2.08.

When adjusted for non-core items, the company’s core operating income stood at $436 million, reflecting improved operational execution and a focus on high-margin business sectors like AI infrastructure and healthcare.

In light of the strong quarterly performance and sustained demand in the back half of the year, Jabil management raised its full-year fiscal 2026 outlook.

The company now expects total annual revenue to reach approximately $34 billion, up from its previous forecast of $32.4 billion.