Jabil Inc. · JBL · FY2025 Q2 · Calendar Q1 2025
Jabil raises outlook as AI infrastructure leads growth
The current analysis supports a constructive but conditional view: resilient AI infrastructure demand and expanded capabilities strengthen Jabil’s growth trajectory, while tariffs and weaker end markets remain material tests.
Earnings scorecard
Reported versus consensusMarket reaction
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Transcript intelligence
What changed
Relative to the prior-quarter analysis, guidance sentiment is now raised rather than maintained. The growth narrative also places greater emphasis on silicon photonics, liquid cooling, pharmaceutical manufacturing, and tariff resilience.
Guidance delta
Management’s guidance sentiment moved from maintained to raised, with the current analysis emphasizing a higher outlook and continued AI-related growth.
Key takeaways
- Management’s current analysis remains confident, with Intelligent Infrastructure identified as the main growth engine.
- AI cloud and data-center demand, silicon photonics, and liquid cooling are central to the growth case.
- The U.S. manufacturing footprint and near-shoring strategy are presented as supports against tariff exposure.
- Pharmaceutical manufacturing capabilities broaden the opportunity set beyond AI infrastructure.
- Key offsets include EV, renewable-energy, 5G, Connected Living, and tariff-related uncertainty.
Management priorities
- Expand AI infrastructure, silicon photonics, and liquid-cooling capabilities.
- Build photonics capacity in Gujarat and deepen hyperscaler collaboration.
- Scale pharmaceutical manufacturing capabilities and pursue capability-driven acquisitions.
- Use the U.S. manufacturing footprint to support near-shoring and tariff resilience.
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Analyst 52W Price Targets
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 11, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| JP Morgan | Overweight | Overweight | Maintain | Oct 1, 2026 |
| Barclays | Overweight | Overweight | Maintain | Oct 1, 2026 |
| Argus Research | Buy | Buy | Maintain | Oct 1, 2026 |
| Goldman Sachs | Buy | Buy | Maintain | Sep 8, 2026 |
| UBS | Buy | Neutral | Upgrade | Aug 11, 2026 |
| Stifel | Buy | Buy | Maintain | Jun 18, 2026 |
| Raymond James | Strong Buy | Strong Buy | Maintain | Jun 18, 2026 |
| Baird | Outperform | Outperform | Maintain | Jun 18, 2026 |
| B of A Securities | Buy | Buy | Maintain | Apr 20, 2026 |
| Credit Suisse | Outperform | Outperform | Maintain | Jun 16, 2023 |
| Citigroup | Buy | Buy | Maintain | Jun 17, 2022 |
| RBC Capital | Sector Perform | Sector Perform | Maintain | Sep 25, 2020 |
| Standpoint Research | Hold | Buy | Downgrade | Nov 1, 2019 |
| Stifel Nicolaus | Hold | Hold | Maintain | Sep 25, 2019 |
| B. Riley FBR | Neutral | Buy | Downgrade | May 5, 2018 |
| Argus | Hold | Buy | Downgrade | May 5, 2018 |
| B. Riley Securities | Neutral | Buy | Downgrade | Dec 7, 2016 |
| Needham | Hold | Buy | Downgrade | Sep 23, 2016 |
| Deutsche Bank | Hold | Hold | Maintain | Sep 22, 2016 |
| Cross Research | Buy | Hold | Upgrade | Mar 16, 2015 |
| Scotiabank | Outperform | Perform | Upgrade | Jul 22, 2014 |
| Longbow Research | Neutral | Buy | Downgrade | Dec 18, 2013 |
| Bank of America | Buy | Buy | Maintain | Mar 18, 2013 |
Named analyst price targets
Upside is calculated against the persisted current price $306.28. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Barclays | Analyst unavailable | $378 | $286.68 | +23.4% | Oct 1, 2026 |
| Goldman Sachs | Analyst unavailable | $375 | $310.57 | +22.4% | Sep 8, 2026 |
| Argus Research | Analyst unavailable | $475 | $369.89 | +55.1% | Jun 18, 2026 |
| Raymond James | Melissa Fairbanks | $450 | $377.05 | +46.9% | Jun 18, 2026 |
| Needham | Analyst unavailable | $470 | $374.98 | +53.5% | Jun 18, 2026 |
| UBS | Analyst unavailable | $430 | $374.98 | +40.4% | Jun 18, 2026 |
| Stifel Nicolaus | Analyst unavailable | $460 | $374.98 | +50.2% | Jun 18, 2026 |
| Robert W. Baird | Luke Junk | $440 | $374.98 | +43.7% | Jun 18, 2026 |
| Goldman Sachs | Analyst unavailable | $482 | $374.98 | +57.4% | Jun 18, 2026 |
| Barclays | Analyst unavailable | $426 | $374.98 | +39.1% | Jun 18, 2026 |
| Stifel Nicolaus | Ruben Roy | $430 | $384.85 | +40.4% | Jun 15, 2026 |
| Raymond James | Melissa Fairbanks | $425 | $362.38 | +38.8% | Jun 10, 2026 |
| UBS | Analyst unavailable | $380 | $363.95 | +24.1% | Jun 9, 2026 |
| Goldman Sachs | Analyst unavailable | $384 | $345.15 | +25.4% | May 21, 2026 |
| UBS | David Vogt | $254 | $249.75 | -17.1% | Mar 10, 2026 |
| Goldman Sachs | Analyst unavailable | $282 | $249.06 | -7.9% | Jan 15, 2026 |
| UBS | David Vogt | $244 | $210.53 | -20.3% | Dec 18, 2025 |
| Barclays | Analyst unavailable | $283 | $216.1 | -7.6% | Dec 18, 2025 |
| Goldman Sachs | Mark Delaney | $255 | $216.1 | -16.7% | Dec 18, 2025 |
| Goldman Sachs | Analyst unavailable | $265 | $216.1 | -13.5% | Dec 18, 2025 |
| UBS | Analyst unavailable | $241 | $215.84 | -21.3% | Sep 28, 2025 |
| Barclays | Tim Long | $267 | $215.84 | -12.8% | Sep 26, 2025 |
| Raymond James | Melissa Fairbanks | $260 | $210.2 | -15.1% | Sep 25, 2025 |
| Barclays | Analyst unavailable | $184 | $145.22 | -39.9% | Mar 21, 2025 |
| Stifel Nicolaus | Matthew Sheerin | $140 | $126.65 | -54.3% | Sep 27, 2024 |
| Bank of America Securities | Ruplu Bhattacharya | $150 | $122.34 | -51.0% | Sep 27, 2024 |
| Bank of America Securities | Ruplu Bhattacharya | $135 | $112.43 | -55.9% | Sep 20, 2024 |
| UBS | David Vogt | $137 | $114.52 | -55.3% | Jun 21, 2024 |
| Goldman Sachs | Mark Delaney | $132 | $111.79 | -56.9% | Jun 20, 2024 |
| Goldman Sachs | Mark Delaney | $161 | $123.76 | -47.4% | Jun 17, 2024 |
| Goldman Sachs | Mark Delaney | $143 | $117.79 | -53.3% | May 21, 2024 |
| Wolfe Research | Steven Milunovich | $140 | $122.18 | -54.3% | May 20, 2024 |
| Stifel Nicolaus | Matthew Sheerin | $135 | $127 | -55.9% | Sep 29, 2023 |
| UBS | Analyst unavailable | $76 | $72.05 | -75.2% | Dec 13, 2022 |
| Goldman Sachs | Mark Delaney | $69 | $62.24 | -77.5% | Jun 7, 2022 |
| Citigroup | Jim Suva | $90 | $62.69 | -70.6% | Mar 18, 2022 |
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Start freeCompany context
Snapshot as of publicationJabil 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 offerings span the entire lifecycle of electronic products, from initial design and production to ongoing product management. Jabil provides a range of electronic design services, including the creation of application-specific integrated circuits (ASIC), firmware development, and rapid prototyping capabilities. They also engineer custom plastic and metal enclosures, integrating essential electromechanical components such as printed circuit board assemblies (PCBAs). Furthermore, Jabil excels in advanced three-dimensional mechanical design, performing detailed analysis of electronic, electromechanical, and optical assemblies. This is complemented by various industrial design services, mechanism development, and tooling management.…
Historical context
All JBL earningsTechnology peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| ACN Accenture plc | FY2026 Q4 · Calendar Q4 2026 | +3.5% | +15.8% | Accenture: AI demand supports strong Q4, while pricing and geopolitics remain risks |
| MU Micron Technology, Inc. | FY2026 Q4 · Calendar Q3 2026 | +5.4% | +0.0% | Micron: Strong AI Memory Demand, Higher Capex, and HBM4E Ahead |
| SNX TD Synnex Corp | FY2026 Q3 · Calendar Q3 2026 | +20.9% | -9.9% | TD SYNNEX: AI-led growth accelerates, but mix and cash flow matter |
| ADBE Adobe Inc. | FY2026 Q3 · Calendar Q3 2026 | +0.8% | +1.4% | Adobe raises FY26 outlook as AI strategy broadens |
| ORCL Oracle Corporation | FY2027 Q1 · Calendar Q3 2026 | +10.3% | -1.7% | Oracle raises FY27 outlook as AI demand accelerates cloud growth |
| SAIL SailPoint, Inc. | FY2027 Q2 · Calendar Q3 2026 | +13.8% | -1.2% | SailPoint pairs 25% ARR growth with accelerating AI-driven adoption |
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2025-03-08T00:49:36.389309+00:00
- Polygon adjusted daily market bars · 2026-10-10T06:40:42.531832+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-10T06:40:42.528610+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-10. For educational purposes only; not investment advice.