The earnings call reflected a strong overall performance for Jabil Inc., highlighted by significant revenue growth driven by the Intelligent Infrastructure segment and robust free cash flow generation. However, challenges persist in the regulated industries and consumer product segments, as well as in the 5G market. The company's strategic U.S. manufacturing expansion and strong earnings growth contribute to a positive outlook.

Company Guidance -

Q4 2025

During Jabil Inc.'s third-quarter fiscal 2025 conference call, the company reported strong financial metrics, surpassing expectations with $7.8 billion in net revenue, a 16% increase year over year, and $800 million above their March guidance midpoint. The Intelligent Infrastructure segment drove growth, with AI-related revenue contributing significantly, while the regulated and Connected Living and Digital Commerce segments performed as planned. Core operating income reached $420 million, translating to a 5.4% core operating margin, a 20 basis point improvement from last year. GAAP operating income stood at $403 million, with a GAAP diluted EPS of $2.30 and core diluted EPS rising 35% year over year to $2.55. Despite challenges in the EV and renewable markets, healthcare provided offsetting growth within regulated industries. Inventory days improved, and cash flow from operations was strong at $406 million, leading to a year-to-date adjusted free cash flow of $813 million. Looking ahead, Jabil anticipates Q4 revenue between $7.1 billion and $7.8 billion, with core operating income ranging from $428 million to $488 million, and core diluted EPS expected to be between $2.64 and $3.04. The company also announced a $500 million investment in a new U.S. site to support AI data center infrastructure growth, aiming to reach $8.5 billion in AI-related revenue for the fiscal year. For fiscal 2025, Jabil raised its revenue guidance to approximately $29 billion, maintaining a 5.4% core operating margin and projecting core diluted EPS of $9.33, with an expected free cash flow exceeding $1.2 billion.

Record Revenue Growth

Jabil Inc. reported $7.8 billion in net revenue for Q3, up 16% year over year, exceeding expectations by $800 million.

Intelligent Infrastructure Segment Surge

The Intelligent Infrastructure segment reported revenue of $3.4 billion, up 51% year over year, driven by AI-related cloud and data center infrastructure growth.

Strong Core Earnings Growth

Core diluted earnings per share for Q3 were $2.55, a 35% increase compared to Q3 of the previous year.

Significant Free Cash Flow Generation

Adjusted free cash flow for the quarter was $326 million, with year-to-date free cash flow reaching $813 million. The company is on track to generate over $1.2 billion in free cash flow for the year.

U.S. Manufacturing Expansion

Jabil announced a $500 million investment to open a new site in the Southeastern U.S. to support AI data center infrastructure demand, enhancing its U.S. footprint.

Jabil (JBL) Earnings, Revenues Date & History

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JBL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Sep 25, 2025	2025 (Q4)	2.90 / -	2.3	―	―	―
Jun 17, 2025	2025 (Q3)	2.31 / 2.55	1.89	34.92% (+0.66)
Mar 20, 2025	2025 (Q2)	1.83 / 1.94	1.68	15.48% (+0.26)
Dec 18, 2024	2025 (Q1)	1.88 / 2.00	2.6	-23.08% (-0.60)
Sep 26, 2024	2024 (Q4)	2.22 / 2.30	2.45	-6.12% (-0.15)
Jun 20, 2024	2024 (Q3)	1.85 / 1.89	1.99	-5.03% (-0.10)
Mar 15, 2024	2024 (Q2)	1.66 / 1.68	1.88	-10.64% (-0.20)
Dec 14, 2023	2024 (Q1)	2.58 / 2.60	2.31	12.55% (+0.29)
Sep 28, 2023	2023 (Q4)	2.32 / 2.45	2.34	4.70% (+0.11)
Jun 15, 2023	2023 (Q3)	1.88 / 1.99	1.72	15.70% (+0.27)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

JBL Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jun 17, 2025	$180.82	$196.89	+8.89%
Mar 20, 2025	$139.41	$143.76	+3.12%
Dec 18, 2024	$133.83	$143.55	+7.26%
Sep 26, 2024	$113.25	$126.45	+11.66%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.