Jabil Authorizes $1.5B Share Buyback Program

Dow Jones04:21

Jabil authorized a share repurchase program of up to $1.5 billion.

The manufacturer said Wednesday the buyback authorization reflects its confidence in the business as it invests in areas like artificial-intelligence infrastructure. The company said it is also seeing improving trends and growth opportunities across other areas of its portfolio.

"A key strength of Jabil is the diversification of our end-market portfolio," Chief Executive Mike Dastoor said.

Since 2016, Jabil has returned about $8 billion to shareholders through share repurchases and dividends, the company said.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

July 15, 2026 16:21 ET (20:21 GMT)

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