Jabil reported fiscal fourth-quarter adjusted earnings of $4.40 per share, up roughly 34% from $3.29 a year ago and 8% above the Zacks EPS Consensus of $4.06, while revenue climbed 28.6% year over year to $10.62 billion, comfortably surpassing expectations of $9.62 billion by nearly 10%. The standout was Jabil's Intelligent Infrastructure business, where revenue surged 56% to approximately $5.8 billion as AI-related demand accelerated beyond management's already-strong expectations, with the company also benefiting from better-than-expected performance in automotive and transportation as well as renewable and energy infrastructure products. Management expects the momentum to continue in fiscal 2027, projecting revenue to increase 24% to $44.5 billion, adjusted EPS to jump 34% to $17.55, and core operating margin to expand 30 basis points to 6.1%. Year to date, Jabil stock is up 30%, roughly on par with its Zacks Electronics-Manufacturing Services Industry and ahead of the S&P 500 and Nasdaq's gains of 11% and 16%, respectively, and JBL trades at a reasonable 19X forward earnings multiple, a modest discount to the S&P 500's 21X and its Zacks industry average of 24X. Jabil stock lands a Zacks Rank #3 (Hold), suggesting better buying opportunities could still be ahead.
Jabil Circuit IncJabil beat Q4 EPS and revenue estimates with strong guidance for fiscal 2027.
Micron Technology Inc
Celestica Inc.
Sanmina Corporation