Jabil Inc. (NYSE:JBL) shares rose more than 4% in premarket trading on Wednesday after the electronics manufacturing services company reported first-quarter fiscal 2026 earnings that exceeded market expectations and issued an upgraded full-year forecast.
The company delivered adjusted earnings of $2.85 per share for the quarter, outperforming analysts’ expectations of $2.69 by roughly 6%. Quarterly revenue reached $8.3 billion, beating the consensus estimate of $8.0 billion and marking a strong improvement compared with the same period a year earlier.
“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.”
Looking ahead to the second quarter of fiscal 2026, Jabil forecast revenue in the range of $7.5 billion to $8.0 billion, with adjusted earnings expected to come in between $2.27 and $2.67 per share.
Jabil also lifted its full-year fiscal 2026 guidance. The company now anticipates annual revenue of $32.4 billion, above the prior analyst consensus of $31.6 billion. Adjusted earnings per share are now projected at $11.55, exceeding the previous estimate of $11.12, while the company reaffirmed its adjusted free cash flow outlook of more than $1.3 billion.
Dastoor added that performance in both the Regulated Industries and Connected Living & Digital Commerce segments has surpassed expectations, helping drive positive momentum across the business. “We will remain focused on driving profitable growth, expanding margins, delivering strong cash flow, and creating long-term value for our shareholders,” he said.