Analyst Consensus ?
ConsensusBuy23 ratings
Bullish1252.2%
Neutral1147.8%
Bearish00.0%
Jabil Inc. · JBL · FY2026 Q3 · Calendar Q2 2026
Jabil Beats on Q3 Revenue and EPS, Raises FY2026 Outlook to $35B on AI Demand
Jabil's Q3 FY2026 results reinforce its accelerating pivot toward AI infrastructure manufacturing. Revenue of $8.75B beat consensus by 1.7% and core EPS of $3.16 topped by 1.9%, prompting management to raise full-year guidance for the second consecutive quarter to $35B in revenue and $12.70 core EPS. AI-related revenue is now projected at $13.6B for FY2026, up 50% YoY, bolstered by a third hyperscaler customer win and a new strategic alliance with Adani Enterprises to build AI manufacturing capacity in India targeting FY2028 revenue. Management maintains capital discipline, holding CapEx at 1.5–2% of revenue while targeting core operating margins above 6% in FY2027. Despite the beat-and-raise, shares have declined roughly 20% since the June 17 report, trading at $287.14 against an analyst consensus target of $454.13 — a wide gap that suggests the market is discounting execution risk…
Reported Before market openNYSETechnology
$30.09B market cap
100quality score
Company 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.…
Earnings scorecard
Reported versus consensus
Reported EPS
$3.16
Consensus $3
EPS surprise
+1.9%
Reported versus consensus
Reported revenue
$8.75B
Consensus $8.61B
Revenue surprise
+1.7%
Reported versus consensus
Earnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$287.14Previous close
$90Low
$334.94Average
$482High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Jul 30, 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 |
|---|---|---|---|---|
| UBS | Neutral | Neutral | Maintain | Jun 18, 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 |
| Goldman Sachs | Buy | Buy | 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 previous close $287.14. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Argus Research | Analyst unavailable | $475 | $369.89 | +65.4% | Jun 18, 2026 |
| Raymond James | Melissa Fairbanks | $450 | $377.05 | +56.7% | Jun 18, 2026 |
| Needham | Analyst unavailable | $470 | $374.98 | +63.7% | Jun 18, 2026 |
| UBS | Analyst unavailable | $430 | $374.98 | +49.8% | Jun 18, 2026 |
| Stifel Nicolaus | Analyst unavailable | $460 | $374.98 | +60.2% | Jun 18, 2026 |
| Robert W. Baird | Luke Junk | $440 | $374.98 | +53.2% | Jun 18, 2026 |
| Goldman Sachs | Analyst unavailable | $482 | $374.98 | +67.9% | Jun 18, 2026 |
| Barclays | Analyst unavailable | $426 | $374.98 | +48.4% | Jun 18, 2026 |
| Stifel Nicolaus | Ruben Roy | $430 | $384.85 | +49.8% | Jun 15, 2026 |
| Raymond James | Melissa Fairbanks | $425 | $362.38 | +48.0% | Jun 10, 2026 |
| UBS | Analyst unavailable | $380 | $363.95 | +32.3% | Jun 9, 2026 |
| Goldman Sachs | Analyst unavailable | $384 | $345.15 | +33.7% | May 21, 2026 |
| UBS | David Vogt | $254 | $249.75 | -11.5% | Mar 10, 2026 |
| Goldman Sachs | Analyst unavailable | $282 | $249.06 | -1.8% | Jan 15, 2026 |
| UBS | David Vogt | $244 | $210.53 | -15.0% | Dec 18, 2025 |
| Barclays | Analyst unavailable | $283 | $216.1 | -1.4% | Dec 18, 2025 |
| Goldman Sachs | Mark Delaney | $255 | $216.1 | -11.2% | Dec 18, 2025 |
| Goldman Sachs | Analyst unavailable | $265 | $216.1 | -7.7% | Dec 18, 2025 |
| UBS | Analyst unavailable | $241 | $215.84 | -16.1% | Sep 28, 2025 |
| Barclays | Tim Long | $267 | $215.84 | -7.0% | Sep 26, 2025 |
| Raymond James | Melissa Fairbanks | $260 | $210.2 | -9.5% | Sep 25, 2025 |
| Barclays | Analyst unavailable | $184 | $145.22 | -35.9% | Mar 21, 2025 |
| Stifel Nicolaus | Matthew Sheerin | $140 | $126.65 | -51.2% | Sep 27, 2024 |
| Bank of America Securities | Ruplu Bhattacharya | $150 | $122.34 | -47.8% | Sep 27, 2024 |
| Bank of America Securities | Ruplu Bhattacharya | $135 | $112.43 | -53.0% | Sep 20, 2024 |
| UBS | David Vogt | $137 | $114.52 | -52.3% | Jun 21, 2024 |
| Goldman Sachs | Mark Delaney | $132 | $111.79 | -54.0% | Jun 20, 2024 |
| Goldman Sachs | Mark Delaney | $161 | $123.76 | -43.9% | Jun 17, 2024 |
| Goldman Sachs | Mark Delaney | $143 | $117.79 | -50.2% | May 21, 2024 |
| Wolfe Research | Steven Milunovich | $140 | $122.18 | -51.2% | May 20, 2024 |
| Stifel Nicolaus | Matthew Sheerin | $135 | $127 | -53.0% | Sep 29, 2023 |
| UBS | Analyst unavailable | $76 | $72.05 | -73.5% | Dec 13, 2022 |
| Goldman Sachs | Mark Delaney | $69 | $62.24 | -76.0% | Jun 7, 2022 |
| Citigroup | Jim Suva | $90 | $62.69 | -68.7% | Mar 18, 2022 |
Track every rating change on JBL the moment it posts. Free to start.
Start freeMarket reaction
prior-close to event-session close
Stock move
-0.1%
Event window
SPY move
-1.2%
Same window
Abnormal move
+1.1%
Stock minus SPY
Volume
2.5×
Versus trailing sessions
Subsequent drift
-19.7%
Up to 20 sessions
JBLSPY benchmark
Follow JBL with an agent that reads every filing, transcript, and price print. Free to start.
Try FN2 freeTranscript intelligence
What changed
Revenue grew from $8.3B in Q2 to $8.75B in Q3 FY2026. Full-year revenue guidance was raised from $34B to $35B and core EPS from $12.25 to $12.70. AI-related revenue projection increased from $13.1B (46% YoY) to $13.6B (50% YoY). Jabil secured a third hyperscaler customer, up from two in the prior quarter. A new strategic alliance with Adani Enterprises for India-based AI manufacturing was announced, targeting FY2028 revenue. CapEx outlook shifted from increasing to stable at 1.5–2% of revenue. The company repurchased $291M in shares during the quarter.
Guidance delta
FY2026 revenue raised from $34B to $35B (~17% YoY growth). Core EPS raised from $12.25 to $12.70. AI-related revenue projection raised from $13.1B (46% YoY) to $13.6B (50% YoY). Adjusted free cash flow now expected to exceed $1.4B. Core operating margin target of above 6% maintained for FY2027. CapEx outlook stable at 1.5–2% of revenue.
Key takeaways
- Q3 FY2026 revenue of $8.75B beat consensus by 1.7%; core EPS of $3.16 beat by 1.9%.
- FY2026 guidance raised for the second consecutive quarter — revenue to $35B, core EPS to $12.70.
- AI-related revenue now projected at $13.6B, up 50% YoY, supported by three hyperscaler customers.
- Strategic alliance with Adani Enterprises to build AI manufacturing capacity in India, targeting FY2028 revenue.
- Management targets core operating margin above 6% in FY2027 while keeping CapEx at 1.5–2% of revenue.
- $291M in share repurchases during the quarter, reflecting disciplined capital return.
Management priorities
- Expand AI data-center manufacturing capacity in North Carolina, Memphis, and India
- Integrate Hanley acquisition to enhance power distribution and services revenue
- Advance networking capabilities including InfiniBand, Ethernet, and silicon photonics
- Maintain disciplined CapEx at 1.5–2% of revenue while scaling operations globally
- Target core operating margin above 6% in FY2027 through mix improvement and utilization gains
- Execute Adani partnership for multi-gigawatt AI infrastructure manufacturing platform in India
Related earnings events
TechnologySources
- Earnings call transcript and parsed analysis · 2026-06-17T19:19:35.389996+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-07-30T09:31:45.024089+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-07-30T09:31:45.020433+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 . For educational purposes only; not investment advice.