On September 30, Jabil Circuit fell 5.2% in regular trading, trading at $300.55 per share, with turnover of $281 million. The decline came despite the company reporting fiscal Q4 results and forward guidance that exceeded market expectations on all key metrics.

Jabil Circuit posted fiscal Q4 core earnings of $4.40 per diluted share, up 33.7% year-over-year and beating the analyst consensus estimate of $4.06 by approximately 8.4%. Net revenue for the quarter ended August 31 came in at $10.62 billion, a 28.7% increase from a year earlier, surpassing the $9.71 billion consensus. For the full fiscal year, the company delivered net revenue of $36 billion, non-GAAP core EPS of $13.09, and adjusted free cash flow of approximately $1.6 billion.

Forward guidance was equally robust, with management projecting fiscal 2027 net revenue of $44.5 billion and core EPS of $17.55, both ahead of FactSet estimates of $42.82 billion and $16.87. For fiscal Q1, the company guided core EPS of $3.80 to $4.20 on revenue of $10.6 billion to $11.4 billion, also topping expectations.

Despite the comprehensive beat, the stock exhibited a classic sell-the-news pattern, as shares had already accumulated significant gains heading into the report, fueled by sustained AI infrastructure demand and multiple analyst target price upgrades from Goldman Sachs, JPMorgan, Baird, and UBS earlier in the fiscal year. The broader Electronic Manufacturing Services sector also traded lower, with peers Celestica down 1.36%, Fabrinet down 1.53%, Flex Ltd down 1.43%, TTM Technologies down 1.74%, and TE Connectivity down 0.27%.

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