AI demand helps Jabil (NYSE: JBL) lift its fiscal 2026 outlook
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Jabil Inc. reported a strong third quarter of fiscal 2026 and raised its full-year outlook. Net revenue reached $8.8 billion, with U.S. GAAP operating income of $445 million and diluted earnings per share of $2.59. Core operating income (non-GAAP) was $504 million and core diluted EPS was $3.16, reflecting improved profitability.
Management highlighted extremely strong AI infrastructure demand and better performance in Automotive and Connected Living. For the fourth quarter, Jabil forecasts net revenue between $9.2 billion and $10.0 billion and core diluted EPS between $3.80 and $4.20. For fiscal 2026, it now targets $35 billion in net revenue, a 5.8% core operating margin, core diluted EPS of $12.70, and over $1.4 billion in adjusted free cash flow.
Positive
- Jabil raised its fiscal 2026 outlook, now targeting $35 billion in net revenue, a 5.8% core operating margin, core diluted EPS of $12.70, and over $1.4 billion in adjusted free cash flow, following a strong Q3 with higher revenue and earnings.
Negative
- None.
Insights
Jabil posts solid Q3 growth, strong cash flow, and raises FY26 guidance.
Jabil delivered clear top- and bottom-line expansion in Q3 FY26. Net revenue was $8.751 billion versus $7.828 billion a year earlier, while U.S. GAAP diluted EPS increased from $2.03 to $2.59. Core diluted EPS (non-GAAP) rose from $2.55 to $3.16, indicating margin improvement beyond one-time items.
Non-GAAP core operating income climbed to $504 million from $420 million, and adjusted free cash flow for the first nine months reached $991 million, up from $813 million. Management cites extremely strong AI infrastructure demand and recovering Automotive and Connected Living as key drivers. The business is also absorbing higher inventories and receivables while funding acquisitions.
Crucially, the company raised its fiscal 2026 outlook to $35 billion in net revenue, a 5.8% core operating margin, core diluted EPS of $12.70, and adjusted free cash flow above $1.4 billion. Q4 guidance calls for $9.2–$10.0 billion in revenue and core EPS of $3.80–$4.20. While results are strong, management notes typical risks around customer demand, supply chain, restructuring, acquisitions, and broader macro and regulatory uncertainties in its forward-looking statements.
8-K Event Classification
2 items: 2.02, 9.01
2 items
Item 2.02
Results of Operations and Financial Condition
Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Q3 FY26 Net Revenue: $8.8 billion
Q3 FY26 GAAP Diluted EPS: $2.59 per share
Q3 FY26 Core Operating Income: $504 million
+5 more
8 metrics
Q3 FY26 Net Revenue
$8.8 billion
Third quarter of fiscal year 2026 net revenue
Q3 FY26 GAAP Diluted EPS
$2.59 per share
Third quarter of fiscal year 2026 diluted EPS
Q3 FY26 Core Operating Income
$504 million
Non-GAAP core operating income for Q3 FY26
Q3 FY26 Core Diluted EPS
$3.16 per share
Non-GAAP core diluted EPS for Q3 FY26
FY26 Revenue Outlook
$35 billion
Updated fiscal year 2026 net revenue target
FY26 Core Operating Margin Outlook
5.8%
Target core operating margin (Non-GAAP) for FY26
FY26 Adjusted Free Cash Flow Outlook
$1.4+ billion
Target adjusted free cash flow (Non-GAAP) for FY26
Nine-Month Adjusted Free Cash Flow
$991 million
Adjusted free cash flow for nine months ended May 31, 2026
Key Terms
core operating income (Non-GAAP), core diluted earnings per share (Non-GAAP), adjusted free cash flow (Non-GAAP), restructuring, severance and related charges, +2 more
6 terms
core operating income (Non-GAAP) financial
"Core operating income (Non-GAAP): $504 million"
adjusted free cash flow (Non-GAAP) financial
"Adjusted free cash flow (Non-GAAP): $1.4+ billion"
normalized core tax rate financial
"The Company determines an annual normalized tax rate (“normalized core tax rate”)"
forward-looking statements regulatory
"This release contains forward-looking statements, including those regarding our anticipated financial results"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Earnings Snapshot
Revenue: $8.751 billion · Guidance included
Q3 FY 2026
Revenue
$8.751 billion
up from $7,828 million a year earlier
GAAP diluted EPS
$2.59
up from $2.03 a year earlier
Core diluted EPS (Non-GAAP)
$3.16
up from $2.55 a year earlier
Guidance
For Q4 FY26, Jabil guides to $9.2–$10.0 billion in net revenue, GAAP diluted EPS of $3.24–$3.64, and core diluted EPS (Non-GAAP) of $3.80–$4.20. For FY26, it targets $35 billion in revenue, 5.8% core operating margin, core EPS of $12.70, and $1.4+ billion adjusted free cash flow.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d)
of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) June 17, 2026
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code (727 ) 577-9749
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading symbol(s) | Name of each exchange on which registered | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 Results of Operations and Financial Condition.
On June 17, 2026, Jabil Inc. (the “Company”) issued a press release announcing its results of operations for the third fiscal quarter ended May 31, 2026. A copy of the press release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference.
The information furnished herewith pursuant to Item 2.02 of this Current Report, including Exhibit 99.1, shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section. The information in this Current Report shall not be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date of this Current Report, regardless of any general incorporation language in the filing.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
The following exhibit is furnished herewith:
| Exhibit No. | Description | |||||||
| 99.1 | Press Release dated June 17, 2026. | |||||||
| 104 | Cover Page Interactive Data File - Embedded within the inline XBRL document | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| JABIL INC. | ||||||||
| (Registrant) | ||||||||
| June 17, 2026 | By: | /s/ GREGORY B. HEBARD | ||||||
| Gregory B. Hebard | ||||||||
| Chief Financial Officer | ||||||||
Exhibit 99.1
Jabil Posts Third Quarter Results
Raises Fiscal 2026 Outlook
ST. PETERSBURG, Fla. – June 17, 2026 – Today, Jabil Inc. (NYSE: JBL), reported preliminary, unaudited financial results for its third quarter of fiscal year 2026.
Third Quarter of Fiscal Year 2026 Highlights:
•Net revenue: $8.8 billion
•U.S. GAAP operating income: $445 million
•U.S. GAAP diluted earnings per share: $2.59
•Core operating income (Non-GAAP): $504 million
•Core diluted earnings per share (Non-GAAP): $3.16
“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. At the same time, we continued to see better-than-expected performance in areas of the portfolio that had previously been under pressure, particularly in Automotive and Connected Living.”
“Our diversified model continues to work, allowing us to support strong growth while also driving higher margins and strong free cash flow,” Dastoor added. “We are raising our fiscal 2026 outlook for revenue, core operating margins, core EPS and free cash flow, and we feel very good about the setup for fiscal 2027. We remain focused on profitable growth, capital efficiency, and delivering long-term value for our shareholders.”
Fourth Quarter of Fiscal Year 2026 Outlook:
•Net revenue | $9.2 billion to $10.0 billion | ||||||||||
•U.S. GAAP operating income | $526 million to $586 million | ||||||||||
•U.S. GAAP diluted earnings per share | $3.24 to $3.64 per diluted share | ||||||||||
•Core operating income (Non-GAAP)(1) | $589 million to $649 million | ||||||||||
•Core diluted earnings per share (Non-GAAP)(1) | $3.80 to $4.20 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 $25 million for stock-based compensation expense and related charges (or $0.23 per diluted share) and $14 million (or $0.13 per diluted share) for restructuring, severance and related charges.
Fiscal Year 2026 Outlook:
•Net revenue | $35 billion | |||||||
•Core operating margin (Non-GAAP) | 5.8% | |||||||
•Core diluted earnings per share (Non-GAAP) | $12.70 per diluted share | |||||||
•Adjusted free cash flow (Non-GAAP) | $1.4+ 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.)
Forward Looking Statements: This release contains forward-looking statements, including those regarding our anticipated financial results for our third quarter of fiscal year 2026 and our guidance for future financial performance in our fourth quarter of fiscal year 2026 (including, net revenue, U.S. GAAP operating income, U.S. GAAP diluted earnings per share, core operating income (Non-GAAP), core diluted earnings per share (Non-GAAP) results and the components thereof, including but not limited to amortization of intangibles, stock-based compensation expense and related charges and restructuring, severance and related charges); our full year 2026 (including net revenue, core operating margin (Non-GAAP), core diluted earnings per share (Non-GAAP), the components thereof and adjusted free cash flow (Non-GAAP)); our outlook for AI related revenue and our expectations for fiscal year 2027. The statements in this release are based on current expectations, forecasts and assumptions involving risks and uncertainties that could cause actual outcomes and results to differ materially from our current expectations. Such factors include, but are not limited to: our determination as we finalize our financial results for our third quarter of fiscal year 2026 that our financial results and conditions differ from our current preliminary unaudited numbers set forth herein; scheduling production, managing growth and capital expenditures and maximizing the efficiency of our manufacturing capacity effectively; managing rapid declines or increases in customer demand and other related customer challenges that may occur; our dependence on a limited number of customers; our ability to purchase components efficiently and reliance on a limited number of suppliers for critical components; risks arising from relationships with emerging companies; changes in technology and competition in our industry; our ability to introduce new business models or programs requiring implementation of new competencies; competition; transportation issues; our ability to maintain our engineering, technological and manufacturing expertise; retaining key personnel; risks associated with international sales and operations, including geopolitical uncertainties; energy price increases or shortages; our ability to achieve expected profitability from acquisitions; risk arising from our restructuring activities; issues involving our information systems, including security issues; regulatory risks (including the expense of complying, or failing to comply, with applicable regulations; risk arising from design or manufacturing defects; risk arising from compliance, or failure to comply, with environmental, health and safety laws or regulations; risk arising from litigation; and intellectual property risk); financial risks (including customers or suppliers who become financially troubled; turmoil in financial markets; tax risks; credit rating risks; risks of exposure to debt; currency fluctuations; and asset impairment); changes in financial accounting standards or policies; risk of natural disaster, climate change or other global events; and risks arising from expectations relating to environmental, social and governance considerations. Additional factors that could cause such differences can be found in our Annual Report on Form 10-K for the fiscal year ended August 31, 2025 and our other filings with the Securities and Exchange Commission. We assume no obligation to update these forward-looking statements.
Supplemental Information Regarding Non-GAAP Financial Measures: Jabil provides supplemental, non-GAAP financial measures in this release to facilitate evaluation of Jabil’s core operating performance. These non-GAAP measures exclude certain amounts that are included in the most directly comparable U.S. GAAP measures, do not have standard meanings and may vary from the non-GAAP financial measures used by other companies. Management believes these “core” financial measures are useful measures that facilitate evaluation of the past and future performance of Jabil’s ongoing operations on a comparable basis.
Jabil reports core operating income, core earnings, core diluted earnings per share and adjusted free cash flows to provide investors an additional method for assessing operating income, earnings, earnings per share and free cash flow from what it believes are its core manufacturing operations. Among other uses, management uses non-GAAP financial measures to make operating decisions, assess business performance and as a factor in determining certain employee performance when determining incentive compensation.
The Company determines an annual normalized tax rate (“normalized core tax rate”) for the computation of the non-GAAP (core) income tax provision to provide better consistency across reporting periods. In estimating the normalized core tax rate annually, the Company utilizes a full-year financial projection of core earnings that considers the mix of earnings across tax jurisdictions, existing tax positions, and other significant tax matters. The Company may adjust the normalized core tax rate during the year for material impacts from new tax legislation or material changes to the Company’s operations.
Detailed definitions of certain of the core financial measures are included above under “Definitions” and a reconciliation of the disclosed core financial measures to the most directly comparable U.S. GAAP financial measures is included under the heading “Supplemental Data” at the end of this release.
Meeting and Replay Information: Jabil will hold a conference call today at 8:30 a.m. ET to discuss its earnings for the third quarter of fiscal year 2026. To access the live audio webcast and view the accompanying slide presentation, visit the Investor Relations section of Jabil’s website, located at https://investors.jabil.com. An archived replay of the webcast will also be available after completion of the call.
About Jabil: At Jabil (NYSE: JBL), we are proud to be a trusted partner for the world’s top brands, offering comprehensive engineering, supply chain, and manufacturing solutions. With 60 years of experience across industries and a vast network of over 100 sites worldwide, Jabil combines global reach with local expertise to deliver both scalable and customized solutions. Our commitment extends beyond business success as we strive to build sustainable processes that minimize environmental impact and foster vibrant and diverse communities around the globe. Discover more at www.jabil.com.
Investor Contact
Adam Berry
Senior Vice President, Investor Relations and Corporate Affairs
adam_berry@jabil.com
Media Contact
Timur Aydin
Senior Director, Enterprise Marketing and Communications
publicrelations@jabil.com
JABIL INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(in millions)
| May 31, 2026 | |||||||||||
| (unaudited) | August 31, 2025 | ||||||||||
| ASSETS | |||||||||||
| Current assets: | |||||||||||
| Cash and cash equivalents | $ | 1,360 | $ | 1,933 | |||||||
| Accounts receivable, net | 5,473 | 4,039 | |||||||||
| Contract assets | 1,467 | 1,057 | |||||||||
| Inventories, net | 5,933 | 4,681 | |||||||||
| Prepaid expenses and other current assets | 3,925 | 2,010 | |||||||||
| Total current assets | 18,158 | 13,720 | |||||||||
| Property, plant and equipment, net | 2,899 | 2,847 | |||||||||
| Operating lease right-of-use assets | 487 | 462 | |||||||||
| Goodwill and intangible assets, net | 1,855 | 1,114 | |||||||||
| Deferred income taxes | 156 | 141 | |||||||||
| Other assets | 264 | 259 | |||||||||
| Total assets | $ | 23,819 | $ | 18,543 | |||||||
| LIABILITIES AND EQUITY | |||||||||||
| Current liabilities: | |||||||||||
| Current installments of notes payable and long-term debt | $ | 499 | $ | 499 | |||||||
| Accounts payable | 11,908 | 7,937 | |||||||||
| Accrued expenses | 6,006 | 5,185 | |||||||||
| Current operating lease liabilities | 98 | 93 | |||||||||
| Total current liabilities | 18,511 | 13,714 | |||||||||
| Notes payable and long-term debt, less current installments | 2,879 | 2,386 | |||||||||
| Other liabilities | 393 | 345 | |||||||||
| Non-current operating lease liabilities | 416 | 388 | |||||||||
| Income tax liabilities | 159 | 113 | |||||||||
| Deferred income taxes | 134 | 80 | |||||||||
| Total liabilities | 22,492 | 17,026 | |||||||||
| Commitments and contingencies | |||||||||||
| Equity: | |||||||||||
| Jabil Inc. stockholders’ equity: | |||||||||||
| Preferred stock | — | — | |||||||||
| Common stock | — | — | |||||||||
| Additional paid-in capital | 3,192 | 3,047 | |||||||||
| Retained earnings | 7,000 | 6,382 | |||||||||
Accumulated other comprehensive loss | (20) | (17) | |||||||||
| Treasury stock, at cost | (8,849) | (7,899) | |||||||||
| Total Jabil Inc. stockholders’ equity | 1,323 | 1,513 | |||||||||
| Noncontrolling interests | 4 | 4 | |||||||||
| Total equity | 1,327 | 1,517 | |||||||||
| Total liabilities and equity | $ | 23,819 | $ | 18,543 | |||||||
JABIL INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in millions, except for per share data)
(Unaudited)
| Three months ended | Nine months ended | |||||||||||||||||||||||||
| May 31, 2026 | May 31, 2025 | May 31, 2026 | May 31, 2025 | |||||||||||||||||||||||
| Net revenue | $ | 8,751 | $ | 7,828 | $ | 25,338 | $ | 21,550 | ||||||||||||||||||
| Cost of revenue | 7,923 | 7,147 | 23,022 | 19,687 | ||||||||||||||||||||||
| Gross profit | 828 | 681 | 2,316 | 1,863 | ||||||||||||||||||||||
| Operating expenses: | ||||||||||||||||||||||||||
| Selling, general and administrative | 340 | 274 | 1,013 | 835 | ||||||||||||||||||||||
| Research and development | 9 | 7 | 23 | 22 | ||||||||||||||||||||||
| Amortization of intangibles | 23 | 17 | 65 | 45 | ||||||||||||||||||||||
| Restructuring, severance and related charges | 7 | 16 | 88 | 144 | ||||||||||||||||||||||
| Loss (gain) from the divestiture of businesses | 1 | (45) | 1 | (45) | ||||||||||||||||||||||
| Acquisition and divestiture related charges | 3 | 9 | 24 | 17 | ||||||||||||||||||||||
| Operating income | 445 | 403 | 1,102 | 845 | ||||||||||||||||||||||
| Loss on securities | — | 46 | — | 46 | ||||||||||||||||||||||
| Interest and other, net | 79 | 67 | 216 | 186 | ||||||||||||||||||||||
| Income before income tax | 366 | 290 | 886 | 613 | ||||||||||||||||||||||
| Income tax expense | 91 | 68 | 243 | 174 | ||||||||||||||||||||||
| Net income | 275 | 222 | 643 | 439 | ||||||||||||||||||||||
| Net loss attributable to noncontrolling interests, net of tax | — | — | (1) | — | ||||||||||||||||||||||
| Net income attributable to Jabil Inc. | $ | 275 | $ | 222 | $ | 644 | $ | 439 | ||||||||||||||||||
| Earnings per share attributable to the stockholders of Jabil Inc.: | ||||||||||||||||||||||||||
| Basic | $ | 2.61 | $ | 2.05 | $ | 6.07 | $ | 3.98 | ||||||||||||||||||
| Diluted | $ | 2.59 | $ | 2.03 | $ | 6.01 | $ | 3.94 | ||||||||||||||||||
| Weighted average shares outstanding: | ||||||||||||||||||||||||||
| Basic | 105.3 | 108.0 | 106.1 | 110.2 | ||||||||||||||||||||||
| Diluted | 106.5 | 109.3 | 107.2 | 111.5 | ||||||||||||||||||||||
JABIL INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in millions)
(Unaudited)
| Nine months ended | |||||||||||
| May 31, 2026 | May 31, 2025 | ||||||||||
Cash flows provided by operating activities: | |||||||||||
| Net income | $ | 643 | $ | 439 | |||||||
| Depreciation, amortization, and other, net | 645 | 622 | |||||||||
| Loss (gain) from the divestiture of businesses | 1 | (45) | |||||||||
| Change in operating assets and liabilities, exclusive of net assets acquired | (20) | 36 | |||||||||
Net cash provided by operating activities | 1,269 | 1,052 | |||||||||
Cash flows used in investing activities: | |||||||||||
| Acquisition of property, plant and equipment | (382) | (299) | |||||||||
| Proceeds and advances from sale of property, plant and equipment | 104 | 60 | |||||||||
| Cash paid for business and intangible asset acquisitions, net of cash | (852) | (393) | |||||||||
| Proceeds from the divestiture of businesses, net of cash | — | 54 | |||||||||
| Other, net | (16) | — | |||||||||
Net cash used in investing activities | (1,146) | (578) | |||||||||
Cash flows used in financing activities: | |||||||||||
| Borrowings under debt agreements | 2,144 | 1,604 | |||||||||
| Payments toward debt agreements | (1,884) | (1,720) | |||||||||
| Payments to acquire treasury stock | (891) | (975) | |||||||||
| Dividends paid to stockholders | (27) | (28) | |||||||||
| Net proceeds from exercise of stock options and issuance of common stock under employee stock purchase plan | 39 | 33 | |||||||||
| Treasury stock minimum tax withholding related to vesting of restricted stock | (66) | (41) | |||||||||
| Other, net | (16) | (38) | |||||||||
Net cash used in financing activities | (701) | (1,165) | |||||||||
| Effect of exchange rate changes on cash and cash equivalents | 5 | 13 | |||||||||
Net decrease in cash and cash equivalents | (573) | (678) | |||||||||
| Cash and cash equivalents at beginning of period | 1,933 | 2,201 | |||||||||
| Cash and cash equivalents at end of period | $ | 1,360 | $ | 1,523 | |||||||
JABIL INC. AND SUBSIDIARIES
SUPPLEMENTAL DATA
RECONCILIATION OF U.S. GAAP FINANCIAL RESULTS TO NON-GAAP MEASURES
(in millions, except for per share data)
(Unaudited)
| Three months ended | Nine months ended | ||||||||||||||||||||||
| May 31, 2026 | May 31, 2025 | May 31, 2026 | May 31, 2025 | ||||||||||||||||||||
Operating income (U.S. GAAP) | $ | 445 | $ | 403 | $ | 1,102 | $ | 845 | |||||||||||||||
| Amortization of intangibles | 23 | 17 | 65 | 45 | |||||||||||||||||||
| Stock-based compensation expense and related charges | 25 | 19 | 115 | 84 | |||||||||||||||||||
Restructuring, severance and related charges(1) | 7 | 16 | 88 | 144 | |||||||||||||||||||
| Net periodic benefit (credit) cost | — | — | (1) | 1 | |||||||||||||||||||
Business interruption and impairment charges, net(2) | — | 1 | — | 10 | |||||||||||||||||||
Loss (gain) from the divestiture of businesses(3) | 1 | (45) | 1 | (45) | |||||||||||||||||||
Acquisition and divestiture related charges(4) | 3 | 9 | 24 | 17 | |||||||||||||||||||
| Adjustments to operating income | 59 | 17 | 292 | 256 | |||||||||||||||||||
| Core operating income (Non-GAAP) | $ | 504 | $ | 420 | $ | 1,394 | $ | 1,101 | |||||||||||||||
Net income attributable to Jabil Inc. (U.S. GAAP) | $ | 275 | $ | 222 | $ | 644 | $ | 439 | |||||||||||||||
| Adjustments to operating income | 59 | 17 | 292 | 256 | |||||||||||||||||||
Loss on securities(5) | — | 46 | — | 46 | |||||||||||||||||||
| Net periodic benefit credit (cost) | — | — | 1 | (1) | |||||||||||||||||||
| Adjustments for taxes | 2 | (6) | (4) | (18) | |||||||||||||||||||
| Core earnings (Non-GAAP) | $ | 336 | $ | 279 | $ | 933 | $ | 722 | |||||||||||||||
| Diluted earnings per share (U.S. GAAP) | $ | 2.59 | $ | 2.03 | $ | 6.01 | $ | 3.94 | |||||||||||||||
| Diluted core earnings per share (Non-GAAP) | $ | 3.16 | $ | 2.55 | $ | 8.70 | $ | 6.48 | |||||||||||||||
| Diluted weighted average shares outstanding (U.S. GAAP and Non-GAAP) | 106.5 | 109.3 | 107.2 | 111.5 | |||||||||||||||||||
(1)Charges recorded during the three months and nine months ended May 31, 2026, relate to targeted restructuring activities to optimize our cost structure and improve operational efficiencies. Charges recorded during the three months and nine months ended May 31, 2025, primarily related to the 2025 Restructuring Plan.
(2)Charges recorded during the nine months ended May 31, 2025, related primarily to costs associated with damage from Hurricanes Helene and Milton, which impacted our operations in St. Petersburg, Florida and Asheville and Hendersonville, North Carolina.
(3)Charges recorded during the three months and nine months ended May 31, 2025, related primarily to post-closing adjustments associated with the divestiture of the Mobility Business during fiscal year 2024.
(4)Charges recorded during the nine months ended May 31, 2026, include $8 million of gains on forward foreign exchange contracts in connection with the acquisition of Hanley Energy Group.
(5)Charges recorded during the three months and nine months ended May 31, 2025, related to an impairment of an investment in Preferred Stock.
JABIL INC. AND SUBSIDIARIES
SUPPLEMENTAL DATA
ADJUSTED FREE CASH FLOW
(in millions)
(Unaudited)
| Nine months ended | |||||||||||
| May 31, 2026 | May 31, 2025 | ||||||||||
Net cash provided by operating activities (U.S. GAAP) | $ | 1,269 | $ | 1,052 | |||||||
Acquisition of property, plant and equipment (“PP&E”) | (382) | (299) | |||||||||
| Proceeds and advances from sale of PP&E | 104 | 60 | |||||||||
| Adjusted free cash flow (Non-GAAP) | $ | 991 | $ | 813 | |||||||
FAQ
How did Jabil (JBL) perform in its Q3 fiscal 2026 results?
Jabil reported solid Q3 fiscal 2026 growth, with net revenue of $8.8 billion and U.S. GAAP diluted EPS of $2.59. Core diluted EPS (non-GAAP) reached $3.16, reflecting stronger margins and improved profitability compared with the prior-year quarter.
What guidance did Jabil (JBL) give for Q4 fiscal 2026?
For Q4 fiscal 2026, Jabil expects net revenue between $9.2 billion and $10.0 billion. It projects U.S. GAAP diluted EPS of $3.24–$3.64 and core diluted EPS (non-GAAP) of $3.80–$4.20, supported by continued demand, including AI infrastructure.
How has Jabil (JBL) updated its full-year fiscal 2026 outlook?
Jabil raised its fiscal 2026 outlook to $35 billion in net revenue and a 5.8% core operating margin. It now targets core diluted EPS (non-GAAP) of $12.70 per share and adjusted free cash flow of more than $1.4 billion for the year.
What were Jabil (JBL)’s non-GAAP core results in Q3 fiscal 2026?
In Q3 fiscal 2026, Jabil’s core operating income (non-GAAP) was $504 million, up from $420 million a year earlier. Core diluted EPS (non-GAAP) increased to $3.16 from $2.55, excluding items like amortization, stock-based compensation, and restructuring charges.
How strong was Jabil (JBL)’s cash flow in fiscal 2026 to date?
For the first nine months of fiscal 2026, Jabil generated $1,269 million in net cash from operating activities. After capital expenditures and asset sale proceeds, adjusted free cash flow (non-GAAP) totaled $991 million, up from $813 million in the prior-year period.
Which end markets are driving Jabil (JBL)’s current growth?
Jabil highlights extremely strong AI infrastructure demand as a key growth driver and notes that Automotive and Connected Living are performing better than previously expected. Management credits its diversified model for supporting growth while expanding margins and free cash flow.