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Jabil
(NYSE:JBL)
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Rating:64Neutral
Price Target:
$286.00
▼(-7.35% Downside)
Action:Reiterated
Date:10/01/26
The score is anchored by solid fundamentals and cash flow but held back by leverage risk (high debt-to-equity) and thin margins. Earnings call guidance is a major positive (strong fiscal 2027 growth and AI-driven mix), while technicals are a notable headwind with the stock trading below major moving averages and negative momentum indicators. Valuation is moderately demanding (P/E ~29) with a low dividend yield, limiting support if execution softens.
Positive Factors
AI and Intelligent Infrastructure Growth
Jabil’s strongest growth is concentrated in AI, cloud, data-center infrastructure and capital equipment, where demand is expanding rapidly. The projected revenue scale, increasing billion-dollar customers and committed capacity support durable program growth and a stronger business mix over the next several quarters.
Negative Factors
Elevated Leverage
Higher leverage reduces financial flexibility even though Jabil generates substantial cash and reports strong returns on equity. Debt service and refinancing requirements can constrain investment choices, while leverage-amplified returns provide less protection if margins weaken or operating conditions deteriorate.
Read all positive and negative factors
Positive Factors
Negative Factors
AI and Intelligent Infrastructure Growth
Jabil’s strongest growth is concentrated in AI, cloud, data-center infrastructure and capital equipment, where demand is expanding rapidly. The projected revenue scale, increasing billion-dollar customers and committed capacity support durable program growth and a stronger business mix over the next several quarters.
Read all positive factors
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 (JBL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$28.71B
Dividend Yield0.12%
Average Volume (3M)1.51M
Price to Earnings (P/E)27.8
Beta (1Y)1.57
Revenue Growth20.64%
EPS Growth63.69%
CountryUS
Employees135,000
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)9.87
Shares Outstanding104,787,090
10 Day Avg. Volume1,342,031
30 Day Avg. Volume1,507,738
Financial Highlights & Ratios
PEG Ratio0.48
Price to Book (P/B)20.02
Price to Sales (P/S)0.90
P/FCF Ratio23.51
Enterprise Value/Market Cap1.22
Enterprise Value/Revenue0.97
Enterprise Value/Gross Profit10.54
Enterprise Value/Ebitda15.50
Forecast
1Y Price Target
$435.00Price Target Upside40.92% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering7
EPS Forecast (FY)17.58
Revenue Forecast (FY)$44.49B
Jabil Business Overview & Revenue Model
Company Description
Jabil Inc. is a global provider of manufacturing services and comprehensive solutions. The company organizes its operations into two main divisions: Electronics Manufacturing Services (EMS) and Diversified Manufacturing Services (DMS). Its offerin...
How the Company Makes Money
Jabil primarily makes money by providing outsourced manufacturing and supply-chain services to original equipment manufacturers (OEMs) and other product companies, earning revenue when it builds and delivers customer products and when it performs ...
Jabil Earnings Call Summary
Earnings Call Date:Sep 30, 2026
(Q4-2026)
| % Change Since: |
Next Earnings Date:Dec 10, 2026
Earnings Call Sentiment Positive
The call was strongly optimistic, supported by record fourth-quarter execution, broad fiscal 2027 revenue and earnings growth expectations, accelerating AI demand, committed business filling new capacity, improving margins, strong free cash flow and continued shareholder returns. The company also acknowledged inventory above target, constrained memory supply, ramp-related first-half margin pressure, a subdued communications market, seasonal effects and declines in Connected Living. Overall, the positive operating and financial trends significantly outweighed the stated challenges.Positive Updates
Strong Fourth-Quarter Revenue and Earnings
Fourth-quarter revenue was approximately $10.6 billion, up 29% year-over-year and more than $1 billion above the midpoint of the June outlook. GAAP operating income was $602 million, core operating income was $675 million, and core diluted EPS was $4.40, up 34% year-over-year. Both revenue and core EPS exceeded the high end of guidance.
Negative Updates
Healthcare and Packaging Shortfall in the Fourth Quarter
Fourth-quarter Regulated Industries results included lower-than-expected revenue in healthcare and packaging, where performance was impacted by delays in automation equipment and the timing shift of a customer program.
Read all updates
Q4-2026 Updates
Positive
Negative
Strong Fourth-Quarter Revenue and Earnings
Fourth-quarter revenue was approximately $10.6 billion, up 29% year-over-year and more than $1 billion above the midpoint of the June outlook. GAAP operating income was $602 million, core operating income was $675 million, and core diluted EPS was $4.40, up 34% year-over-year. Both revenue and core EPS exceeded the high end of guidance.
Read all positive updates
Company Guidance
For Q1, Jabil anticipates Regulated Industries revenue of approximately $3.5 billion, up about 12% year-over-year; Intelligent Infrastructure revenue of approximately $6.3 billion, up about 63% year-over-year; and Intelligent Devices & Robotics revenue of approximately $1.2 billion, down about 10% year-over-year, with total company revenue in the range of $10.6 billion to $11.4 billion, GAAP operating income in the range of $481 million to $541 million, core operating income in the range of $592 million to $652 million, GAAP diluted earnings per share in the range of $2.78 to $3.18, core diluted earnings per share in the range of $3.80 to $4.20, net interest expense of approximately $95 million, full-year net interest expense in the range of $390 million to $400 million and a core tax rate of 20%; for fiscal 2027, Jabil expects Regulated Industries revenue of approximately $13.6 billion, up about 7%, including approximately $5 billion in automotive and transport revenue, up about 9%, approximately $5.6 billion in healthcare and packaging revenue, up about 6%, and approximately $3 billion in renewable and energy infrastructure revenue, up about 7%, while it expects to manufacture more than 700 million injectors and delivery pens, Intelligent Infrastructure revenue of approximately $25.6 billion, up about 43%, including approximately $4.2 billion in capital equipment revenue, up approximately 40%, approximately $17.5 billion in cloud and data center infrastructure revenue, up approximately 52%, and approximately $3.9 billion in networking and communications revenue, up approximately 15%, with AI-related revenue of approximately $22.1 billion, up 54%, or 50-plus percent year-on-year, and 6 customers in the segment expected to each generate more than $1 billion of revenue; Intelligent Devices & Robotics is expected at approximately $5.3 billion, down about 2%, including approximately $3 billion from Digital Commerce & Robotics, up approximately 11%, and approximately $2.3 billion from Connected Living, down about 15%; total fiscal 2027 revenue is expected to be approximately $44.5 billion, up about 24%, with core operating margin of 6.1%, an improvement of 30 basis points, core diluted earnings per share of $17.55, up about 34%, adjusted free cash flow of approximately $1.6 billion, net capital expenditures in the range of 1.5% to 2% of revenue, and free cash flow conversion above 100% over time, while returning 80% or more of adjusted free cash flow to shareholders over time.Jabil Financial Statement Overview
Summary
Income Statement
73
Positive
Balance Sheet
46
Neutral
Cash Flow
78
Positive
| Breakdown | Aug 2026 | Aug 2025 | Aug 2024 | Aug 2023 | Aug 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 35.95B | 29.80B | 28.88B | 34.70B | 33.48B |
| Gross Profit | 3.32B | 2.65B | 2.68B | 2.87B | 2.63B |
| EBITDA | 2.09B | 1.81B | 2.62B | 2.39B | 2.30B |
| Net Income | 1.04B | 657.00M | 1.39B | 818.00M | 996.00M |
Balance Sheet | |||||
| Total Assets | 27.43B | 18.54B | 17.35B | 19.42B | 19.72B |
| Cash, Cash Equivalents and Short-Term Investments | 1.74B | 1.93B | 2.20B | 1.80B | 1.48B |
| Total Debt | 4.02B | 3.37B | 3.26B | 3.25B | 3.41B |
| Total Liabilities | 25.82B | 17.03B | 15.61B | 16.56B | 17.27B |
| Stockholders Equity | 1.61B | 1.51B | 1.74B | 2.87B | 2.45B |
Cash Flow | |||||
| Free Cash Flow | 1.37B | 1.17B | 932.00M | 704.00M | 266.00M |
| Operating Cash Flow | 2.00B | 1.64B | 1.72B | 1.73B | 1.65B |
| Investing Cash Flow | -1.33B | -714.00M | 1.35B | -723.00M | -858.00M |
| Financing Cash Flow | -866.00M | -1.20B | -2.67B | -680.00M | -888.00M |
Jabil Technical Analysis
Negative
308.68
Price Trends
305.57
Negative
324.99
Negative
306.42
Negative
Market Momentum
-9.20
Positive
39.07
Neutral
18.67
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JBL, the sentiment is Negative. The current price of 308.68 is above the 20-day moving average (MA) of 295.73, above the 50-day MA of 305.57, and above the 200-day MA of 306.42, indicating a bearish trend. The MACD of -9.20 indicates Positive momentum. The RSI at 39.07 is Neutral, neither overbought nor oversold. The STOCH value of 18.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
70 Outperform | $11.29B | 23.84 | 21.01% | ― | 35.73% | 43.02% | |
67 Neutral | $5.78B | 31.36 | 12.46% | ― | 14.20% | 15.36% | |
64 Neutral | $28.71B | 27.76 | 74.11% | 0.12% | 20.64% | 63.69% | |
64 Neutral | $8.35B | 27.32 | 12.57% | ― | 58.56% | 19.37% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | $28.28B | 29.56 | 18.71% | ― | 12.25% | 14.09% | |
61 Neutral | $8.44B | 31.17 | 14.18% | ― | 37.56% | 99.62% |
* Technology Sector Average
JBL
Jabil
273.97
62.98
29.85%
FN
Fabrinet
314.94
-108.67
-25.65%
FLEX
Flex
76.55
11.89
18.39%
PLXS
Plexus
216.98
73.71
51.45%
SANM
Sanmina-Sci
155.71
20.75
15.38%
TTMI
TTM Technologies
80.11
21.21
36.01%
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.