Jabil Inc. (JBL)
NYSE:JBL
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Jabil
(NYSE:JBL)
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Rating:72Outperform
Price Target:
$417.00
▲(29.63% Upside)
Action:Reiterated
Date:06/17/26
The score is driven primarily by solid underlying financial performance (strong free cash flow) and a very positive earnings call with raised guidance and accelerating AI/Intelligent Infrastructure growth. Technicals are supportive with an intact uptrend. The main offset is valuation, with a high P/E increasing sensitivity to any margin or execution disappointment, especially given the more levered balance sheet.
Positive Factors
Strong free cash flow generation
Consistent, sizable free cash flow (TTM ~$1.69B with ~14.6% growth) provides durable financial flexibility to service debt, fund share buybacks, invest in capacity and M&A, and support multi-year deleveraging without relying on volatile earnings or external financing.
Negative Factors
Elevated leverage and thinner equity base
Significantly higher leverage (debt/equity ~3.27x) elevates financial risk and reduces shock absorption if margins or revenues weaken. Sustained deleveraging will require multiple years of above-trend free cash flow and constrains flexibility for opportunistic investments or large unexpected shocks.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong free cash flow generation
Consistent, sizable free cash flow (TTM ~$1.69B with ~14.6% growth) provides durable financial flexibility to service debt, fund share buybacks, invest in capacity and M&A, and support multi-year deleveraging without relying on volatile earnings or external financing.
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
$39.62B
Dividend Yield0.14%
Average Volume (3M)1.26M
Price to Earnings (P/E)45.8
Beta (1Y)1.51
Revenue Growth17.80%
EPS Growth55.75%
CountryUS
Employees138,000
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)8.10
Shares Outstanding105,502,625
10 Day Avg. Volume1,123,621
30 Day Avg. Volume1,257,814
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 Cap1.06
Enterprise Value/Revenue1.25
Enterprise Value/Gross Profit13.58
Enterprise Value/Ebitda21.97
Forecast
1Y Price Target
$447.00Price Target Upside38.95% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering9
EPS Forecast (FY)12.35
Revenue Forecast (FY)$34.17B
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 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 Earnings Call Summary
Earnings Call Date:Jun 17, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Sep 24, 2026
Earnings Call Sentiment Positive
The call was decidedly positive: the company delivered a quarter that beat expectations across revenue, EPS, margins, and free cash flow, raised full-year revenue and free cash flow guidance, reported very strong Intelligent Infrastructure and AI-related growth (AI revenues now ~$13.6B for FY2026, ~50% YoY), won a third hyperscaler customer, and announced a strategic India partnership. Offsetting items include elevated inventory days, ongoing supply-chain and component tightness, near-term ramp inefficiencies as new capacity comes online, and some end-market volatility (automotive, mixed Connected Living). Overall the favorable operating and financial beats, upgraded guidance, robust cash generation, and strategic customer wins materially outweigh the manageable operational and timing risks described.Positive Updates
Q3 Revenue and EPS Beat
Q3 revenue of ~$8.8B, up 12% year-over-year and ~$250M above the midpoint of guidance. GAAP diluted EPS $2.59; core diluted EPS $3.16, up 24% year-over-year.
Negative Updates
Elevated Inventory Days
Inventory days were 84; net of customer inventory deposits ~68 days, above the company target range of 55-60 days. Management attributes the increase largely to timing of Intelligent Infrastructure shipments and expects normalization in Q4.
Read all updates
Q3-2026 Updates
Positive
Negative
Q3 Revenue and EPS Beat
Q3 revenue of ~$8.8B, up 12% year-over-year and ~$250M above the midpoint of guidance. GAAP diluted EPS $2.59; core diluted EPS $3.16, up 24% year-over-year.
Read all positive updates
Company Guidance
Management raised guidance after a strong Q3 where revenue was ~$8.8B (+12% YoY; $250M above midpoint), GAAP operating income $445M (5.1%), core operating income $504M (5.8%), GAAP EPS $2.59 and core EPS $3.16 (+24% YoY); cash from operations was $535M, net CapEx $176M and adjusted free cash flow $359M. Q3 segment results: Regulated Industries $3.2B (+4% YoY; core margin 5.6%), Intelligent Infrastructure $4.2B (+21% YoY; core margin 6.1%; networking +>50%, capital equipment and cloud/DC double‑digit) and Connected Living & Digital Commerce $1.4B (+5% YoY; core margin 4.9%). Q4 guidance calls for enterprise revenue of $9.2B–$10.0B (~16% YoY at midpoint), Regulated ~$3.3B (+6%), Intelligent Infrastructure ~$4.9B (~+32%), Connected Living ~$1.4B (flat); core operating income $589M–$649M (~6.4% margin at midpoint), core diluted EPS $3.80–$4.20, net interest ~$80M and a ~21% core tax rate. For fiscal 2026 management now expects revenue of ~ $35B (~17% YoY), core operating margin ~5.8% (up ~10bps), core EPS ~$12.70, adjusted free cash flow >$1.4B (raised from >$1.3B), cash $1.4B, debt/core EBITDA 1.3x, Q3 buybacks of ~$291M (to finish a $1B authorization in Q4), CapEx targeted at 1.5%–2%, and inventory days of 84 (net ~68 vs. 55–60 target); AI‑related revenue is expected at ~$13.6B for FY26 (≈50% YoY growth from $9B in FY25).Jabil Financial Statement Overview
Summary
Income Statement
70
Positive
Balance Sheet
54
Neutral
Cash Flow
78
Positive
| Breakdown | TTM | Aug 2025 | Aug 2024 | Aug 2023 | Aug 2022 | Aug 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 33.59B | 29.80B | 28.88B | 34.70B | 33.48B | 29.29B |
| Gross Profit | 3.10B | 2.65B | 2.68B | 2.87B | 2.63B | 2.36B |
| EBITDA | 1.92B | 1.81B | 2.62B | 2.39B | 2.30B | 1.94B |
| Net Income | 862.00M | 657.00M | 1.39B | 818.00M | 996.00M | 696.00M |
Balance Sheet | ||||||
| Total Assets | 23.82B | 18.54B | 17.35B | 19.42B | 19.72B | 16.65B |
| Cash, Cash Equivalents and Short-Term Investments | 1.36B | 1.93B | 2.20B | 1.80B | 1.48B | 1.57B |
| Total Debt | 3.89B | 3.37B | 3.26B | 3.25B | 3.41B | 3.32B |
| Total Liabilities | 22.49B | 17.03B | 15.61B | 16.56B | 17.27B | 14.52B |
| Stockholders Equity | 1.32B | 1.51B | 1.74B | 2.87B | 2.45B | 2.14B |
Cash Flow | ||||||
| Free Cash Flow | 1.50B | 1.17B | 932.00M | 704.00M | 266.00M | 274.00M |
| Operating Cash Flow | 1.86B | 1.64B | 1.72B | 1.73B | 1.65B | 1.43B |
| Investing Cash Flow | -1.28B | -714.00M | 1.35B | -723.00M | -858.00M | -851.00M |
| Financing Cash Flow | -225.00M | -1.20B | -2.67B | -680.00M | -888.00M | -413.00M |
Jabil Technical Analysis
Positive
321.69
Price Trends
346.91
Positive
302.25
Positive
259.76
Positive
Market Momentum
9.12
Positive
56.09
Neutral
58.17
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 321.69 is below the 20-day moving average (MA) of 368.07, below the 50-day MA of 346.91, and above the 200-day MA of 259.76, indicating a bullish trend. The MACD of 9.12 indicates Positive momentum. The RSI at 56.09 is Neutral, neither overbought nor oversold. The STOCH value of 58.17 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 |
|---|---|---|---|---|---|---|---|
75 Outperform | $53.83B | 60.83 | 17.26% | ― | 8.14% | 10.64% | |
72 Outperform | $13.35B | 50.73 | 10.88% | ― | 44.48% | 8.59% | |
72 Outperform | $39.62B | 45.81 | 62.42% | 0.14% | 17.80% | 55.75% | |
71 Outperform | $7.79B | 41.96 | 12.83% | ― | 8.64% | 32.91% | |
67 Neutral | $20.73B | 107.79 | 11.26% | ― | 23.10% | 146.72% | |
64 Neutral | $3.20B | 95.13 | 3.10% | 1.44% | 3.53% | -34.92% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
JBL
Jabil
374.98
170.59
83.46%
BHE
Benchmark Electronics
91.05
53.93
145.32%
FLEX
Flex
143.13
96.95
209.94%
PLXS
Plexus
294.03
163.17
124.69%
SANM
Sanmina-Sci
242.77
152.72
169.59%
TTMI
TTM Technologies
202.70
165.73
448.28%
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.