Jabil Inc. (NYSE:JBL) delivered third-quarter fiscal 2026 results ahead of Wall Street expectations, driven by continued strength in artificial intelligence infrastructure and improving performance across several end markets.
Despite the earnings beat, shares fell 2.5% following the announcement
The electronics manufacturing services company reported adjusted earnings of $3.16 per share, exceeding analyst forecasts of $3.08. Revenue rose 12% year over year to $8.8 billion, topping consensus estimates of $8.55 billion and increasing from $7.83 billion in the corresponding period last year. AI Infrastructure Continues to Fuel Growth Management credited the quarter’s performance to sustained demand linked to AI infrastructure projects, alongside stronger-than-anticipated results from business segments that had previously faced challenges.
Automotive and Connected Living operations both contributed positively during the period, helping offset broader industry headwinds. “Jabil delivered a very strong third quarter, with results ahead of our expectations across revenue, core operating margin, core EPS, and free cash flow,” said CEO Mike Dastoor. “AI infrastructure demand remains extremely strong, and our full-year AI-related revenue outlook is now meaningfully higher.” Fourth-Quarter Outlook Remains Strong Looking ahead, Jabil forecast adjusted earnings per share of between $3.80 and $4.20 for the fourth quarter of fiscal 2026. The midpoint of $4.00 compares favorably with the prior quarter’s result and reflects management’s confidence in continued business momentum. Revenue for the fourth quarter is expected to range between $9.2 billion and $10.0 billion.