Jabil Circuit (JBL) surged 8.31% during Wednesday's intraday trading after the company reported fiscal Q1 earnings and revenue that exceeded analyst expectations. The electronics manufacturer posted adjusted earnings per share of $2.85, beating the consensus estimate of $2.70, while revenue climbed to $8.3 billion, surpassing forecasts of $8.09 billion.
The company also raised its fiscal 2026 guidance, projecting revenue of $32.4 billion (up from $31.3 billion) and adjusted EPS of $11.55 (up from $11.00). This optimism stems from robust demand in its Intelligent Infrastructure segment, particularly for cloud, data center, and AI-driven solutions. CEO Mike Dastoor highlighted accelerating growth in these areas as a key driver of the upward revision.
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