Shares of Jabil rose Wednesday after the supplier of electronic parts beat quarterly earnings and revenue estimates and lifted its fiscal-year forecast.
The company posted adjusted earnings of $2.85 a share for its fiscal first quarter, surpassing analysts' consensus estimate of $2.70, according to FactSet. Revenue totaled $8.31 billion, up 18.7% from a year ago and above Wall Street's call for $8.03 billion.
Jabil shares were up 7% in premarket trading Wednesday. The stock has climbed 48% as of Tuesday's close, bolstered by strong demand from artificial-intelligence and cloud-computing infrastructure customers.
The company now expects revenue of $32.4 billion and adjusted earnings of $11.55 a share this year. It had previously forecast revenue of $31.3 billion and $11 in adjusted per-share earnings.
"Fiscal 2026 is off to an excellent start, with Q1 performance ahead of expectations across revenue, core operating margins, and core EPS," said CEO Mike Dastoor. "Our Intelligent Infrastructure segment remains a major growth engine, supported by accelerating demand across cloud, data center infrastructure, networking, and capital equipment."
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