Shares of Jabil Inc. (NYSE:JBL) gained 5.05% after the electronics manufacturing services provider posted third-quarter results that beat Wall Street expectations and boosted its full-year guidance.
For the fiscal quarter ending May 31, Jabil reported adjusted earnings of $2.55 per share, ahead of analysts’ consensus of $2.29. Revenue rose to $7.8 billion, exceeding the $7.03 billion forecast and improving from $7.4 billion a year ago.
The company credited the earnings beat to robust performance in sectors like cloud computing, data center infrastructure, and capital equipment. However, it noted weaker demand in segments including electric vehicles, renewable energy, and 5G technologies.
“Our Intelligent Infrastructure segment remains a critical growth engine, benefiting from accelerating AI-driven demand,” said CEO Mike Dastoor.
Looking ahead to the fourth quarter, Jabil expects earnings in the range of $2.64 to $3.04 per share, with revenue projected between $7.1 billion and $7.8 billion.
The company also lifted its full-year fiscal 2025 outlook, now targeting core earnings of $9.33 per share on $29 billion in total revenue. Jabil aims to generate over $1.2 billion in adjusted free cash flow this fiscal year.
Dastoor reaffirmed Jabil’s focus on margin improvement, disciplined capital allocation, and shareholder returns—highlighting share repurchases and strategic investments in higher-margin areas as key initiatives moving forward.