Analyst Consensus ?
ConsensusBuy23 ratings
Bullish1356.5%
Neutral1043.5%
Bearish00.0%
Jabil Inc. · JBL · FY2026 Q2 · Calendar Q1 2026
Jabil Q2 FY2026: AI Infrastructure Lifts Growth and Guidance
Jabil's Q2 results support a constructive growth case: AI, cloud, and data-center demand are driving Intelligent Infrastructure, while capacity additions and the Hanley integration broaden the opportunity. The thesis remains dependent on sustained AI demand, successful execution, and progress toward higher margins.
Reported Before market openNYSETechnology
$32.35B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$2.69
Consensus $2.51
EPS surprise
+7.2%
Reported versus consensus
Reported revenue
$8.28B
Consensus $7.78B
Revenue surprise
+6.5%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-1.4%
Event window
SPY move
-1.4%
Same window
Abnormal move
-0.0%
Stock minus SPY
Volume
2.4×
Versus trailing sessions
Subsequent drift
+19.9%
Up to 20 sessions
JBLSPY benchmark
Ask FN2 about JBL FY2026 Q2
Transcript, numbers and history already loaded
Why did JBL fall 1.4% after beating EPS estimates in FY2026 Q2?What changed in JBL's guidance and outlook in FY2026 Q2?Give me the bull and bear case for JBL after FY2026 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior quarter, management reported continued strong Intelligent Infrastructure demand, raised FY2026 guidance again, increased the projected FY2026 AI-related revenue growth rate to 46%, and shifted the CapEx outlook from stable to increasing as capacity expands.
Guidance delta
Management raised FY2026 revenue guidance to $34 billion and core EPS guidance to $12.25, following strong Q2 performance.
Key takeaways
- Q2 revenue and core EPS exceeded expectations, with Intelligent Infrastructure the primary growth engine.
- Management projects FY2026 AI-related revenue of $13.1 billion, up 46% year over year.
- Capacity expansion, liquid-cooling retrofits, and Hanley integration support the growth plan.
- The market reaction was modest relative to the benchmark during the event session, while later price performance was stronger.
Management priorities
- Expand liquid-cooling capacity and scale Memphis and North Carolina facilities.
- Integrate Hanley into Intelligent Infrastructure and advance silicon photonics, co-packaged optics, and next-generation packaging.
- Use mix, utilization, acquisition synergies, and disciplined capital allocation to support margin expansion.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$309.86Current
$90Low
$328.25Average
$475High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Sep 24, 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 |
|---|---|---|---|---|
| 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 |
| JP Morgan | Overweight | Overweight | Maintain | Jun 18, 2026 |
| Barclays | Overweight | Overweight | Maintain | Jun 18, 2026 |
| Baird | Outperform | Outperform | Maintain | Jun 18, 2026 |
| B of A Securities | Buy | Buy | Maintain | Apr 20, 2026 |
| Argus Research | Hold | Buy | Downgrade | Mar 19, 2024 |
| 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 $309.86. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Goldman Sachs | Analyst unavailable | $375 | $310.57 | +21.0% | Sep 8, 2026 |
| Argus Research | Analyst unavailable | $475 | $369.89 | +53.3% | Jun 18, 2026 |
| Raymond James | Melissa Fairbanks | $450 | $377.05 | +45.2% | Jun 18, 2026 |
| Needham | Analyst unavailable | $470 | $374.98 | +51.7% | Jun 18, 2026 |
| UBS | Analyst unavailable | $430 | $374.98 | +38.8% | Jun 18, 2026 |
| Stifel Nicolaus | Analyst unavailable | $460 | $374.98 | +48.5% | Jun 18, 2026 |
| Robert W. Baird | Luke Junk | $440 | $374.98 | +42.0% | Jun 18, 2026 |
| Goldman Sachs | Analyst unavailable | $482 | $374.98 | +55.6% | Jun 18, 2026 |
| Barclays | Analyst unavailable | $426 | $374.98 | +37.5% | Jun 18, 2026 |
| Stifel Nicolaus | Ruben Roy | $430 | $384.85 | +38.8% | Jun 15, 2026 |
| Raymond James | Melissa Fairbanks | $425 | $362.38 | +37.2% | Jun 10, 2026 |
| UBS | Analyst unavailable | $380 | $363.95 | +22.6% | Jun 9, 2026 |
| Goldman Sachs | Analyst unavailable | $384 | $345.15 | +23.9% | May 21, 2026 |
| UBS | David Vogt | $254 | $249.75 | -18.0% | Mar 10, 2026 |
| Goldman Sachs | Analyst unavailable | $282 | $249.06 | -9.0% | Jan 15, 2026 |
| UBS | David Vogt | $244 | $210.53 | -21.3% | Dec 18, 2025 |
| Barclays | Analyst unavailable | $283 | $216.1 | -8.7% | Dec 18, 2025 |
| Goldman Sachs | Mark Delaney | $255 | $216.1 | -17.7% | Dec 18, 2025 |
| Goldman Sachs | Analyst unavailable | $265 | $216.1 | -14.5% | Dec 18, 2025 |
| UBS | Analyst unavailable | $241 | $215.84 | -22.2% | Sep 28, 2025 |
| Barclays | Tim Long | $267 | $215.84 | -13.8% | Sep 26, 2025 |
| Raymond James | Melissa Fairbanks | $260 | $210.2 | -16.1% | Sep 25, 2025 |
| Barclays | Analyst unavailable | $184 | $145.22 | -40.6% | Mar 21, 2025 |
| Stifel Nicolaus | Matthew Sheerin | $140 | $126.65 | -54.8% | Sep 27, 2024 |
| Bank of America Securities | Ruplu Bhattacharya | $150 | $122.34 | -51.6% | Sep 27, 2024 |
| Bank of America Securities | Ruplu Bhattacharya | $135 | $112.43 | -56.4% | Sep 20, 2024 |
| UBS | David Vogt | $137 | $114.52 | -55.8% | Jun 21, 2024 |
| Goldman Sachs | Mark Delaney | $132 | $111.79 | -57.4% | Jun 20, 2024 |
| Goldman Sachs | Mark Delaney | $161 | $123.76 | -48.0% | Jun 17, 2024 |
| Goldman Sachs | Mark Delaney | $143 | $117.79 | -53.9% | May 21, 2024 |
| Wolfe Research | Steven Milunovich | $140 | $122.18 | -54.8% | May 20, 2024 |
| Stifel Nicolaus | Matthew Sheerin | $135 | $127 | -56.4% | Sep 29, 2023 |
| UBS | Analyst unavailable | $76 | $72.05 | -75.5% | Dec 13, 2022 |
| Goldman Sachs | Mark Delaney | $69 | $62.24 | -77.7% | Jun 7, 2022 |
| Citigroup | Jim Suva | $90 | $62.69 | -71.0% | 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 |
|---|---|---|---|---|
| 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 |
| CIEN Ciena Corporation | FY2026 Q3 · Calendar Q3 2026 | +22.0% | -10.4% | Ciena raises outlook as AI networking demand lifts backlog |
| DOCU DocuSign, Inc. | FY2027 Q2 · Calendar Q3 2026 | +6.4% | +3.7% | DocuSign Q2 FY27: IAM momentum supports a raised outlook |
| IOT Samsara Inc. | FY2027 Q2 · Calendar Q3 2026 | +25.0% | +3.7% | Samsara: AI adoption expands as FY27 guidance holds |
Latest beats and misses
Who reports nextBeat on EPS
- CTASFY2027 Q1 · September 23, 2026+3.0% EPS-3.4% move
- PAYXFY2027 Q1 · September 23, 2026+1.5% EPS-8.8% move
- GISFY2027 Q1 · September 23, 2026+4.6% EPS+1.0% move
- AZOFY2026 Q4 · September 22, 2026+3.6% EPS+3.3% move
- FPSFY2026 Q4 · September 15, 2026+4.3% EPS+9.5% move
- TCOMFY2026 Q2 · September 15, 2026+22.3% EPS+3.0% move
Get the JBL recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-09-24T15:51:01.205375+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-24T15:51:01.202657+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 2026-09-24. For educational purposes only; not investment advice.