Jabil Stock Is Rising. The AI Darling Beats Earnings Expectations. -- Barrons.com

Dow Jones03-18 20:03

By Nate Wolf

Jabil stock rose Wednesday after the supplier of electronic parts reported better-than-expected quarterly results and lifted its outlook for the fiscal year.

The company posted adjusted earnings of $2.69 a share for its fiscal second quarter, surpassing analysts' consensus of $2.51. Revenue totaled $8.3 billion, up 24% from last year and ahead of Wall Street's forecast of $7.8 billion.

Jabil stock was up 1.1% in premarket trading. Shares have gained 15% this year and 88% over the last 12 months amid growing sales to artificial-intelligence and cloud-computing infrastructure customers.

CEO Mike Dastoor attributed the strong second-quarter results to robust demand "across cloud and data center infrastructure, networking and communications, and capital equipment."

Jabil now expects revenue of $34 billion and adjusted earnings of $12.25 a share this fiscal year. It had previously forecast revenue of $32.4 billion and $11.55 in adjusted per-share earnings.

Write to Nate Wolf at nate.wolf@barrons.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

March 18, 2026 08:03 ET (12:03 GMT)

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