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Jabil Surges on AI Data Center Boom
17 Jun
Summary
- Jabil raised its 2026 profit forecast due to strong AI demand.
- The company expects fiscal 2026 adjusted profit per share of $12.70.
- Third-quarter revenue increased 11.8% to $8.75 billion.
Jabil has increased its financial projections for fiscal year 2026, driven by the burgeoning demand for artificial intelligence infrastructure, particularly within data centers. The electronic component manufacturer now anticipates adjusted earnings per share of $12.70, an upward revision from its earlier forecast of $12.25. The company also updated its annual revenue projection to $35 billion, an increase from $34 billion.
CEO Mike Dastoor highlighted the sustained strength in AI infrastructure demand. He also noted improved performance in the automotive and connected living segments, which had previously faced challenges. Jabil, a key manufacturer for companies like Apple, provides comprehensive design, production, and management solutions across diverse industrial markets, including technology, automotive, healthcare, and storage.
These positive financial outlooks follow a strong third quarter for Jabil. The company reported an adjusted profit per share of $3.16, surpassing analyst expectations. Furthermore, third-quarter revenue saw an 11.8% increase, reaching $8.75 billion and exceeding Wall Street estimates of $8.6 billion.
