Jabil (JBL)
NYSE:JBL
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Jabil
(NYSE:JBL)
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Rating:69Neutral
Price Target:
$304.00
▲(5.87% 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
Strong cash generation
Sustained, high free cash flow provides durable financial flexibility: it funds debt service, opportunistic buybacks (management targets ~80% of FCF), modest capex, and selective M&A. Reliable FCF reduces refinancing and operating risk over the next several quarters.
Negative Factors
High leverage
An elevated debt-to-equity ratio reduces financial flexibility and raises sensitivity to earnings and cash-flow shocks. Higher leverage increases interest and covenant risk, constraining strategic optionality and magnifying downside if OEM demand or margins deteriorate.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Sustained, high free cash flow provides durable financial flexibility: it funds debt service, opportunistic buybacks (management targets ~80% of FCF), modest capex, and selective M&A. Reliable FCF reduces refinancing and operating risk over the next several quarters.
Read all positive factors
Jabil (JBL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$30.32B
Dividend Yield0.14%
Average Volume (3M)1.22M
Price to Earnings (P/E)31.6
Beta (1Y)1.47
Revenue Growth13.18%
EPS Growth-38.37%
CountryUS
Employees138,000
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)2.69
Shares Outstanding105,595,270
10 Day Avg. Volume855,918
30 Day Avg. Volume1,216,367
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 Cap1.10
Enterprise Value/Revenue1.02
Enterprise Value/Gross Profit11.26
Enterprise Value/Ebitda16.91
Forecast
1Y Price Target
$290.63Price Target Upside1.22% Upside
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
287.14
Price Trends
258.56
Positive
240.93
Positive
227.93
Positive
Market Momentum
5.01
Negative
61.53
Neutral
73.39
Neutral
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 287.14 is above the 20-day moving average (MA) of 264.47, above the 50-day MA of 258.56, and above the 200-day MA of 227.93, indicating a bullish trend. The MACD of 5.01 indicates Negative momentum. The RSI at 61.53 is Neutral, neither overbought nor oversold. The STOCH value of 73.39 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | $26.91B | 23.76 | 16.83% | ― | 0.77% | 0.51% | |
74 Outperform | $5.87B | 24.74 | 12.39% | ― | 1.82% | 56.52% | |
69 Neutral | $30.32B | 31.64 | 58.99% | 0.14% | 13.18% | -38.37% | |
68 Neutral | $10.95B | 41.17 | 10.61% | ― | 17.88% | 91.41% | |
66 Neutral | $7.64B | 42.40 | 9.86% | ― | 7.40% | 13.79% | |
62 Neutral | $2.16B | 63.85 | 2.25% | 1.44% | -2.93% | -40.33% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
JBL
Jabil
287.14
149.97
109.34%
BHE
Benchmark Electronics
60.51
24.67
68.86%
FLEX
Flex
73.19
41.61
131.76%
PLXS
Plexus
219.13
94.68
76.08%
SANM
Sanmina-Sci
139.85
62.06
79.78%
TTMI
TTM Technologies
105.85
86.01
433.52%
Jabil Corporate Events
Business Operations and StrategyExecutive/Board Changes
Jabil reshapes board leadership with new independent directors
Positive
Jan 28, 2026
On January 22, 2026, Jabil Inc. expanded its Board of Directors from seven to nine members, appointing former TTM Technologies CEO Thomas T. Edman and former Amazon Web Services marketing chief Raejeanne Skillern as independent directors, with Edm...
Executive/Board ChangesShareholder Meetings
Jabil shareholders reshape board composition at annual meeting
Neutral
Jan 27, 2026
At its annual meeting of stockholders held on January 22, 2026, Jabil Inc. reported the election of directors Anousheh Ansari, Sujatha Chandrasekaran, Michael Dastoor, Christopher S. Holland and Steven A. Raymund, while John C. Plant and N.V. R...
Business Operations and StrategyPrivate Placements and Financing
Jabil Completes $1 Billion Senior Notes Debt Offering
Positive
Jan 23, 2026
On January 23, 2026, Jabil Inc. completed a $1 billion underwritten public debt offering, issuing $500 million of 4.200% Senior Notes due February 1, 2029 and $500 million of 4.750% Senior Notes due February 1, 2033, both unsecured and ranking par...
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.