Jabil (JBL)
NYSEInformation TechnologyElectronic ComponentsSnapshot 2026-07-07
$320.97-5.10%
Close 2026-07-07 · 1-day change
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Jabil grows revenue from $27.3B to $35B in fiscal 2026, driven by AI infrastructure. Profit per share rises from $11.00 to $12.70. Free cash flow exceeds $1.4 billion, showing strong cash generation. Cost control improves profit and efficiency.
Recent sharp stock selloff signals risk. AI demand may slow, hurting revenue growth. Profit margins and cash flow could weaken if costs rise or demand falters.
The price is about 8% below our fair value near $352, reflecting roughly 23% revenue growth expected by analysts. Our fair value is 18% below the Street median, so the market partly prices in strong growth but not full optimism.
Breaks if: Core diluted EPS falls below $11.00 in fiscal 2026
Raise fiscal 2026 core diluted EPS guidance reflecting improved profitability and operational performance.
Standing thesis, reviewed periodically — not a price target or advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Stated as a priority in 5 of last 5 quarters. Management raised fiscal 2026 core diluted EPS guidance from $11.00 per share in 2025-Q3 to $12.70 per share in 2026-Q3. Reported diluted EPS increased from $2.03 in 2025-Q2 to $2.59 in 2026-Q3 quarterly results, reflecting improving profitability consistent with management's guidance increases.
“We are raising our fiscal 2026 outlook for ... core EPS.”
“Fiscal Year 2026 Outlook: Core diluted earnings per share (Non-GAAP) $12.25 per diluted share.”
“Fiscal Year 2026 Outlook: Core diluted earnings per share (Non-GAAP) $11.55 per diluted share.”
“Fiscal Year 2026 Outlook: Core diluted earnings per share (Non-GAAP) $11.00 per diluted share.”
“Fiscal Year 2026 Outlook: core diluted EPS of $11.00.”
Breaks if: Operating income falls below $400 million in Q3 FY26
Continue targeted restructuring and cost optimization to improve margins and operational efficiency.
Stated as a priority in 5 of last 5 quarters. Management consistently reported restructuring charges aimed at cost optimization. Operating income rose from $403 million in 2025-Q3 to $445 million in 2026-Q3, and gross profit increased from $681 million to $828 million over the same period, indicating progress in operational efficiency and cost discipline.
“Charges recorded relate to targeted restructuring activities to optimize our cost structure and improve operational efficiencies.”
“Charges recorded relate to targeted restructuring activities to optimize our cost structure and improve operational efficiencies.”
“Charges recorded relate to targeted restructuring activities to optimize our cost structure and improve operational efficiencies.”
“Charges recorded primarily related to the 2025 Restructuring Plan.”
“Charges recorded primarily related to the 2025 Restructuring Plan.”
Breaks if: Adjusted free cash flow falls below $1 billion in fiscal 2026
Maintain strong cash generation with adjusted free cash flow target of over $1.4 billion for fiscal 2026.
Stated as a priority in 5 of last 5 quarters. Adjusted free cash flow increased from $813 million in the first nine months of 2025 to $991 million in the first nine months of 2026, supporting management's raised fiscal 2026 target of $1.4+ billion. The trajectory shows steady progress toward the free cash flow goal, consistent with management's repeated guidance.
“We are raising our fiscal 2026 outlook for ... free cash flow, and we feel very good about the setup for fiscal 2027.”
“Fiscal Year 2026 Outlook: Adjusted free cash flow (Non-GAAP) $1.3+ billion.”
“Fiscal Year 2026 Outlook: Adjusted free cash flow (Non-GAAP) $1.3+ billion.”
“Fiscal Year 2026 Outlook: Adjusted free cash flow (Non-GAAP) $1.3+ billion.”
“Fiscal Year 2026 Outlook: Adjusted free cash flow greater than $1.3 billion.”
Breaks if: Fiscal 2026 revenue falls below $30 billion
Raise fiscal 2026 revenue outlook reflecting strong demand, especially in AI infrastructure and diversified portfolio growth.
Stated as a priority in 5 of last 5 quarters. Management raised fiscal 2026 revenue guidance from $27.3 billion in 2025-Q1 to $35 billion in 2026-Q3, with reported quarterly revenue growing from $6.7 billion in 2025-Q2 to $8.8 billion in 2026-Q3. The trajectory matches management's stated focus on growth driven by AI infrastructure and diversified portfolio strength, delivering consistent upward revisions and revenue increases.
“We are raising our fiscal 2026 outlook for revenue, core operating margins, core EPS and free cash flow.”
“Given the strength of our second-quarter results ... we are raising our fiscal 2026 outlook for revenue and core EPS.”
“We are raising our outlook for revenue, core margins, and core EPS for fiscal 2026.”
“Looking ahead, in FY26 we expect revenue of approximately $31.3 billion.”
“Fiscal Year 2026 Outlook: Net revenue $31.3 billion.”