Jabil Raises FY26 Profit Forecast, Q3 Beats on Strong AI Data Center Demand
JBL has more than doubled off its 52-week low of $185.
Summary
Jabil significantly raised its fiscal year 2026 profit and revenue forecasts, now projecting adjusted EPS of $12.70 (up from $12.25) and revenue of $35 billion (up from $34 billion). This positive revision is fueled by exceptionally strong demand for AI-led data center infrastructure, with AI-related revenue expected to reach $13.6 billion. The company also reported Q3 adjusted EPS of $3.16 on $8.75 billion revenue, both surpassing analyst estimates. This follows Jabil's recent strategic alliance with Adani Group to expand AI infrastructure manufacturing, underscoring its strong position in the growing AI market.
At the time of this announcement, JBL was trading at $393.15 on NYSE in the Technology sector, with a market capitalization of approximately $41.5B. The 52-week trading range was $185.00 to $428.93. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Reuters.