Jabil (JBL)
NYSE:JBL
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Jabil
(NYSE:JBL)
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Rating:69Neutral
Price Target:
$373.00
▲(15.95% Upside)
Action:ReiteratedDate:03/26/26
The score is driven primarily by cash-flow-backed fundamentals and a strong, uptrending technical setup, reinforced by a notably positive earnings call with raised FY26 revenue/EPS guidance and accelerating AI/Intelligent Infrastructure momentum. These positives are tempered by balance-sheet leverage and a relatively expensive valuation (P/E 31.64) with a very low dividend yield.
Positive Factors
Free cash flow generation
Jabil’s sustained free cash flow (TTM ~$1.47B, ~24% growth) underpins durable financial flexibility: it funds debt service, large buybacks (management targets ~80% of FCF), and selective M&A while smoothing capital spending needs, reducing reliance on external financing over multiple quarters.
Negative Factors
Elevated leverage
Material leverage (debt-to-equity ~2.51x) meaningfully reduces balance-sheet cushion and increases sensitivity to profit volatility or rising rates. High nominal debt levels constrain strategic optionality, amplify downside in earnings shocks, and make cash flow generation critical to maintain credit flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Free cash flow generation
Jabil’s sustained free cash flow (TTM ~$1.47B, ~24% growth) underpins durable financial flexibility: it funds debt service, large buybacks (management targets ~80% of FCF), and selective M&A while smoothing capital spending needs, reducing reliance on external financing over multiple quarters.
Read all positive factors
Jabil (JBL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$35.22B
Dividend Yield0.14%
Average Volume (3M)1.18M
Price to Earnings (P/E)31.6
Beta (1Y)1.48
Revenue Growth19.00%
EPS Growth78.70%
CountryUS
Employees138,000
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)2.69
Shares Outstanding105,502,625
10 Day Avg. Volume1,004,066
30 Day Avg. Volume1,176,885
Financial Highlights & Ratios
PEG Ratio-0.72
Price to Book (P/B)14.82
Price to Sales (P/S)0.75
P/FCF Ratio19.14
Enterprise Value/Market Cap1.07
Enterprise Value/Revenue1.16
Enterprise Value/Gross Profit12.80
Enterprise Value/Ebitda19.22
Forecast
1Y Price Target
$301.25Price Target Upside-6.35% Downside
Rating ConsensusStrong Buy
Number of Analyst Covering8
EPS Forecast (FY)12.24
Revenue Forecast (FY)$33.85B
Jabil Business Overview & Revenue Model
Company Description
Jabil Inc. provides manufacturing services and solutions worldwide. The company operates in two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. It offers electronics design, production, and product management s...
How the Company Makes Money
Jabil primarily makes money by providing contract manufacturing and related supply-chain services to original equipment manufacturers (OEMs) and brand owners. Its core revenue stream is the sale of manufactured products and assemblies produced on ...
Jabil Key Performance Indicators (KPIs)
Any
Revenue by Segment
Shows how revenue is distributed across different business units, highlighting which segments drive growth and profitability, and where the company might be focusing its strategic efforts.
Shows how revenue is distributed across different business units, highlighting which segments drive growth and profitability, and where the company might be focusing its strategic efforts.
Data provided by:
The Fly
The FlyJabil Earnings Call Summary
Earnings Call Date:Mar 18, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Jun 18, 2026
Earnings Call Sentiment Positive
The call conveyed strong positive momentum driven by an outsized performance in Intelligent Infrastructure and significant upward revisions to AI-related revenue and full-year guidance, supported by solid free cash flow and active share repurchases. Offsetting items include a continued decline in Connected Living & Digital Commerce revenue, supply-chain tightness in select components, lumpy wafer fab equipment demand, and cautiousness around EVs and geopolitical risks. On balance, the positives (robust top-line beat, large II growth, raised FY revenue and EPS guidance, strong cash generation) materially outweigh the lowlights.Positive Updates
Quarterly Revenue and Earnings Beat
Q2 net revenue of $8.3 billion exceeded guidance; core diluted EPS $2.69 (vs. GAAP diluted EPS $2.08) and core operating income $436 million with a core operating margin of 5.3%.
Negative Updates
Connected Living & Digital Commerce Revenue Decline
Connected Living & Digital Commerce revenue was $1.2 billion, down 8% YoY in Q2 and management expects it to be down ~10% YoY in Q3 due to planned program attrition and customer pruning despite margin improvement (+40 bps YoY to 4.9%).
Read all updates
Q2-2026 Updates
Positive
Negative
Quarterly Revenue and Earnings Beat
Q2 net revenue of $8.3 billion exceeded guidance; core diluted EPS $2.69 (vs. GAAP diluted EPS $2.08) and core operating income $436 million with a core operating margin of 5.3%.
Read all positive updates
Company Guidance
Management guided Q3 revenue by segment at Regulated Industries $3.1B, Intelligent Infrastructure $4.2B (up ~22% YoY) and Connected Living & Digital Commerce $1.2B (down ~10% YoY), for total Q3 revenue of $8.1B–$8.9B; Q3 core operating income of $452M–$512M and GAAP operating income of $398M–$458M; Q3 core diluted EPS $2.83–$3.23 and GAAP EPS $2.36–$2.76; Q3 net interest expense ≈ $73M and a core tax rate of 21%. For full FY‑26 they raised revenue to ~ $34B (from $32.4B) and core diluted EPS to $12.25 (from $11.55), expect core operating margin ≈ 5.7%, adjusted free cash flow > $1.3B, full‑year interest expense ≈ $280M, and provided segment/factor detail: Intelligent Infrastructure ~$16.5B (up $1.1B), cloud & DCI ~$10.4B (up $600M), networking & communications ~$3.1B (up $400M), capital equipment ~$3.0B (up $100M), AI‑related revenue ~$13.1B (~46% YoY) and Regulated Industries ~$12.5B (up ~$500M).Jabil Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
44
Neutral
Cash Flow
74
Positive
| Breakdown | TTM | Aug 2025 | Aug 2024 | Aug 2023 | Aug 2022 | Aug 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 32.67B | 29.80B | 28.88B | 34.70B | 33.48B | 29.29B |
| Gross Profit | 2.95B | 2.65B | 2.68B | 2.87B | 2.63B | 2.36B |
| EBITDA | 1.97B | 1.81B | 2.62B | 2.39B | 2.30B | 1.94B |
| Net Income | 809.00M | 657.00M | 1.39B | 818.00M | 996.00M | 696.00M |
Balance Sheet | ||||||
| Total Assets | 20.63B | 18.54B | 17.35B | 19.42B | 19.72B | 16.65B |
| Cash, Cash Equivalents and Short-Term Investments | 1.83B | 1.93B | 2.20B | 1.80B | 1.48B | 1.57B |
| Total Debt | 4.39B | 3.37B | 3.26B | 3.25B | 3.41B | 3.32B |
| Total Liabilities | 19.28B | 17.03B | 15.61B | 16.56B | 17.27B | 14.52B |
| Stockholders Equity | 1.34B | 1.51B | 1.74B | 2.87B | 2.45B | 2.14B |
Cash Flow | ||||||
| Free Cash Flow | 1.47B | 1.17B | 932.00M | 704.00M | 266.00M | 274.00M |
| Operating Cash Flow | 1.73B | 1.64B | 1.72B | 1.73B | 1.65B | 1.43B |
| Investing Cash Flow | -1.17B | -714.00M | 1.35B | -723.00M | -858.00M | -851.00M |
| Financing Cash Flow | -338.00M | -1.20B | -2.67B | -680.00M | -888.00M | -413.00M |
Jabil Technical Analysis
Positive
321.69
Price Trends
267.54
Positive
248.25
Positive
231.13
Positive
Market Momentum
14.13
Negative
72.94
Negative
94.57
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JBL, the sentiment is Positive. The current price of 321.69 is above the 20-day moving average (MA) of 281.37, above the 50-day MA of 267.54, and above the 200-day MA of 231.13, indicating a bullish trend. The MACD of 14.13 indicates Negative momentum. The RSI at 72.94 is Negative, neither overbought nor oversold. The STOCH value of 94.57 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JBL.
Jabil Risk Analysis
Jabil disclosed 33 risk factors in its most recent earnings report. Jabil reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Jabil Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $33.31B | 23.76 | 16.83% | ― | 4.89% | -9.65% | |
75 Outperform | $14.28B | 41.17 | 10.61% | ― | 18.98% | 211.82% | |
74 Outperform | $6.71B | 24.74 | 12.39% | ― | 4.36% | 49.09% | |
70 Outperform | $11.18B | 18.96 | 7.33% | ― | 44.48% | 8.59% | |
69 Neutral | $35.22B | 31.64 | 58.99% | 0.14% | 19.00% | 78.70% | |
62 Neutral | $2.60B | 61.39 | 2.25% | 1.44% | 0.11% | -60.58% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
JBL
Jabil
333.86
187.53
128.15%
BHE
Benchmark Electronics
72.40
40.38
126.14%
FLEX
Flex
90.60
56.26
163.83%
PLXS
Plexus
250.60
128.17
104.69%
SANM
Sanmina-Sci
208.67
131.88
171.74%
TTMI
TTM Technologies
137.50
117.48
586.81%
Jabil Corporate Events
Executive/Board ChangesShareholder Meetings
Jabil Board Retains Two Directors Despite Failed Vote
Neutral
Apr 22, 2026
At Jabil’s 2026 annual stockholders’ meeting, directors John Plant and Tiger Tyagarajan failed to receive a majority of votes cast, triggering conditional resignations under the company’s bylaws. After a review by the Nominating ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.