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.