Jabil Posts Second Quarter Results (Form 8-K)

Jabil Posts Second Quarter Results

Raises Fiscal 2026 Outlook

ST. PETERSBURG, Fla. - March 18, 2026 - Today, Jabil Inc. (NYSE: JBL), reported preliminary, unaudited financial results for its second quarter of fiscal year 2026.

Second Quarter of Fiscal Year 2026 Highlights:

•Net revenue: $8.3 billion

•U.S. GAAP operating income: $374 million

•U.S. GAAP diluted earnings per share: $2.08

•Core operating income (Non-GAAP): $436 million

•Core diluted earnings per share (Non-GAAP): $2.69

"Jabil delivered a very strong second quarter, with results ahead of our expectations across revenue, core operating margin, and core EPS," said CEO Mike Dastoor. "Our better-than-expected performance in the quarter was broad-based, reflecting the strength of our diversified portfolio and was led by continued momentum in Intelligent Infrastructure, where demand remains robust across cloud and data center infrastructure, networking and communications, and capital equipment. We also saw encouraging improvement in Regulated Industries, with automotive and renewables performing better than we anticipated earlier in the year."

"Given the strength of our second-quarter results and increasing confidence in the back half of the year, we are raising our fiscal 2026 outlook for revenue and core EPS. As we move ahead, we remain focused on profitable growth, disciplined execution, margin expansion, strong cash generation, and delivering long-term value for our shareholders," he added.

Third Quarter of Fiscal Year 2026 Outlook:

•Net revenue						$8.1 billion to $8.9 billion
•U.S. GAAP operating income						$398 million to $458 million
•U.S. GAAP diluted earnings per share						$2.36 to $2.76 per diluted share
•Core operating income (Non-GAAP)(1)						$452 million to $512 million
•Core diluted earnings per share (Non-GAAP)(1)						$2.83 to $3.23 per diluted share

(1)Core operating income and core diluted earnings per share exclude anticipated adjustments of $24 million for amortization of intangibles (or $0.20 per diluted share) and $24 million for stock-based compensation expense and related charges (or $0.22 per diluted share) and $6 million (or $0.05 per diluted share) for restructuring, severance and related charges.

Fiscal Year 2026 Outlook:

•Net revenue						$34 billion
•Core operating margin (Non-GAAP)						5.7%
•Core diluted earnings per share (Non-GAAP)						$12.25 per diluted share
•Adjusted free cash flow (Non-GAAP)						$1.3+ billion

(Definitions: "U.S. GAAP" means U.S. generally accepted accounting principles. Jabil defines core operating income as U.S. GAAP operating income less amortization of intangibles, stock-based compensation expense and related charges, restructuring, severance and related charges, distressed customer charges, loss on disposal of subsidiaries, settlement of receivables and related charges, impairment of notes receivable and related charges, goodwill impairment charges, business interruption and impairment charges, net, (gain) loss from the divestiture of businesses, acquisition and divestiture related charges, plus other components of net periodic benefit cost. Jabil defines core earnings as core operating income, less loss on debt extinguishment, loss (gain) on securities, other components of net periodic benefit cost, income (loss) from discontinued operations, gain (loss) on sale of discontinued operations and certain other expenses, net of tax and certain deferred tax valuation allowance charges. Jabil defines core diluted earnings per share as core earnings divided by the weighted average number of outstanding diluted shares as determined under U.S. GAAP. Jabil defines adjusted free cash flow as net cash provided by (used in) operating activities less net capital expenditures (acquisition of property, plant and equipment less proceeds and advances from sale of property, plant and equipment). Jabil reports core operating income, core earnings, core diluted earnings per share and adjusted free cash flow to provide investors an additional method for assessing operating income, earnings, diluted earnings per share and free cash flow from what it believes are its core manufacturing operations. See the accompanying reconciliation of Jabil's core operating income to its U.S. GAAP operating income, its calculation of core earnings and core diluted earnings per share to its U.S. GAAP net income and U.S. GAAP earnings per share and additional information in the supplemental information.)