Jabil Inc. · JBL · FY2025 Q4 · Calendar Q3 2025

Jabil FY2025: AI infrastructure leads growth as guidance rises

The supplied analysis supports a constructive near-term operating thesis: AI infrastructure and healthcare demand are driving growth, while automation and disciplined capital allocation provide additional support. The thesis remains conditional on sustaining AI share gains and managing capacity, EV, tariff, and margin risks.

Reported Before market openNYSETechnology $31.53B market cap
90quality score

Earnings scorecard

Reported versus consensus
Reported EPS $3.29 Consensus $2.92
EPS surprise +12.7% Reported versus consensus
Reported revenue $8.25B Consensus $7.59B
Revenue surprise +8.7% Reported versus consensus

Market reaction

prior-close to event-session close
Stock move -6.7% Event window
SPY move -0.5% Same window
Abnormal move -6.2% Stock minus SPY
Volume 2.1× Versus trailing sessions
Subsequent drift -1.7% Up to 20 sessions
JBLSPY benchmark

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Transcript intelligence

What changed

Management highlighted stronger AI-infrastructure demand, a new North Carolina AI-rack facility planned for mid-2026, a new $1 billion FY26 repurchase authorization, and raised guidance sentiment. The analysis also points to healthcare resilience and a pivot toward higher-margin automation.

Guidance delta

Management guidance sentiment was raised; the supplied analysis does not provide a revised numerical range.

Key takeaways

  • FY2025 revenue exceeded guidance, with core operating margin improving to 6.3%.
  • Intelligent Infrastructure was the main growth engine, supported by AI-related data-center and capital-equipment demand.
  • Healthcare resilience and a shift toward automation helped offset softer automotive and renewable-energy conditions.

Management priorities

  • Expand AI-rack and liquid-cooling capacity, including the planned North Carolina facility
  • Grow healthcare manufacturing and automation capabilities
  • Return 80% of free cash flow through buybacks and dividends

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Earnings History

Estimate Beat Miss Match
JBL EPS earnings history estimate and actual scatter chart 10 reported fiscal quarters and 4 future estimate-only quarters. Q3 '24 estimate $1.85 Q3 '24 actual $1.89, beat Q4 '24 estimate $2.22 Q4 '24 actual $2.30, beat Q3 '25 estimate $2.31 Q3 '25 actual $2.55, beat Q4 '25 estimate $2.92 Q4 '25 actual $3.29, beat Q1 '26 estimate $2.70 Q1 '26 actual $2.85, beat Q2 '26 estimate $2.51 Q2 '26 actual $2.69, beat Q3 '26 estimate $3.10 Q3 '26 actual $3.16, beat Q4 '26 estimate $4.07 Q4 '26 actual $4.40, beat Q1 '27 estimate $4.05 Q2 '27 estimate $3.82 Q3 '27 estimate $4.55 Q4 '27 estimate $5.28
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Analyst Consensus ?

ConsensusBuy23 ratings
Bullish1460.9%
Neutral939.1%
Bearish00.0%

Analyst 52W Price Targets

$300.94Current
$90Low
$325.25Average
$475High

Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 6, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
JP Morgan Overweight OverweightMaintainOct 1, 2026
Barclays Overweight OverweightMaintainOct 1, 2026
Argus Research Buy BuyMaintainOct 1, 2026
Goldman Sachs Buy BuyMaintainSep 8, 2026
UBS Buy NeutralUpgradeAug 11, 2026
Stifel Buy BuyMaintainJun 18, 2026
Raymond James Strong Buy Strong BuyMaintainJun 18, 2026
Baird Outperform OutperformMaintainJun 18, 2026
B of A Securities Buy BuyMaintainApr 20, 2026
Credit Suisse Outperform OutperformMaintainJun 16, 2023
Citigroup Buy BuyMaintainJun 17, 2022
RBC Capital Sector Perform Sector PerformMaintainSep 25, 2020
Standpoint Research Hold BuyDowngradeNov 1, 2019
Stifel Nicolaus Hold HoldMaintainSep 25, 2019
B. Riley FBR Neutral BuyDowngradeMay 5, 2018
Argus Hold BuyDowngradeMay 5, 2018
B. Riley Securities Neutral BuyDowngradeDec 7, 2016
Needham Hold BuyDowngradeSep 23, 2016
Deutsche Bank Hold HoldMaintainSep 22, 2016
Cross Research Buy HoldUpgradeMar 16, 2015
Scotiabank Outperform PerformUpgradeJul 22, 2014
Longbow Research Neutral BuyDowngradeDec 18, 2013
Bank of America Buy BuyMaintainMar 18, 2013
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Named analyst price targets

Upside is calculated against the persisted current price $300.94. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
BarclaysAnalyst unavailable$378$286.68 +25.6%Oct 1, 2026
Goldman SachsAnalyst unavailable$375$310.57 +24.6%Sep 8, 2026
Argus ResearchAnalyst unavailable$475$369.89 +57.8%Jun 18, 2026
Raymond JamesMelissa Fairbanks$450$377.05 +49.5%Jun 18, 2026
NeedhamAnalyst unavailable$470$374.98 +56.2%Jun 18, 2026
UBSAnalyst unavailable$430$374.98 +42.9%Jun 18, 2026
Stifel NicolausAnalyst unavailable$460$374.98 +52.9%Jun 18, 2026
Robert W. BairdLuke Junk$440$374.98 +46.2%Jun 18, 2026
Goldman SachsAnalyst unavailable$482$374.98 +60.2%Jun 18, 2026
BarclaysAnalyst unavailable$426$374.98 +41.6%Jun 18, 2026
Stifel NicolausRuben Roy$430$384.85 +42.9%Jun 15, 2026
Raymond JamesMelissa Fairbanks$425$362.38 +41.2%Jun 10, 2026
UBSAnalyst unavailable$380$363.95 +26.3%Jun 9, 2026
Goldman SachsAnalyst unavailable$384$345.15 +27.6%May 21, 2026
UBSDavid Vogt$254$249.75 -15.6%Mar 10, 2026
Goldman SachsAnalyst unavailable$282$249.06 -6.3%Jan 15, 2026
UBSDavid Vogt$244$210.53 -18.9%Dec 18, 2025
BarclaysAnalyst unavailable$283$216.1 -6.0%Dec 18, 2025
Goldman SachsMark Delaney$255$216.1 -15.3%Dec 18, 2025
Goldman SachsAnalyst unavailable$265$216.1 -11.9%Dec 18, 2025
UBSAnalyst unavailable$241$215.84 -19.9%Sep 28, 2025
BarclaysTim Long$267$215.84 -11.3%Sep 26, 2025
Raymond JamesMelissa Fairbanks$260$210.2 -13.6%Sep 25, 2025
BarclaysAnalyst unavailable$184$145.22 -38.9%Mar 21, 2025
Stifel NicolausMatthew Sheerin$140$126.65 -53.5%Sep 27, 2024
Bank of America SecuritiesRuplu Bhattacharya$150$122.34 -50.2%Sep 27, 2024
Bank of America SecuritiesRuplu Bhattacharya$135$112.43 -55.1%Sep 20, 2024
UBSDavid Vogt$137$114.52 -54.5%Jun 21, 2024
Goldman SachsMark Delaney$132$111.79 -56.1%Jun 20, 2024
Goldman SachsMark Delaney$161$123.76 -46.5%Jun 17, 2024
Goldman SachsMark Delaney$143$117.79 -52.5%May 21, 2024
Wolfe ResearchSteven Milunovich$140$122.18 -53.5%May 20, 2024
Stifel NicolausMatthew Sheerin$135$127 -55.1%Sep 29, 2023
UBSAnalyst unavailable$76$72.05 -74.7%Dec 13, 2022
Goldman SachsMark Delaney$69$62.24 -77.1%Jun 7, 2022
CitigroupJim Suva$90$62.69 -70.1%Mar 18, 2022
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Company context

Snapshot as of publication

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 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

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Sources

  1. Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
  2. FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
  3. Polygon adjusted daily market bars · 2026-10-06T04:40:41.531392+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-06T04:40:41.528579+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 2026-10-06. For educational purposes only; not investment advice.