Jabil Inc. (NYSE: JBL) shares began Wednesday way lower, after reporting preliminary, unaudited second-quarter financial results.
Net revenue came in at $8.3 billion. U.S. GAAP operating income: $374 million. U.S. GAAP diluted earnings per share: $2.08
Core operating income (Non-GAAP) proved to be $436 million. Core diluted earnings per share (Non-GAAP were $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.
JBL shares dumped $2.39 to $260.09.
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