Stock Track | Jabil Circuit Soars 8.31% Intraday on Strong Q1 Earnings and Raised FY2026 Outlook

Stock Track12-17

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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment