Jabil Posts Strong Earnings. the Stock Falls Anyway.

Dow Jones
Yesterday

Jabil stock dropped in premarket trading Wednesday even as the contract manufacturer reported better-than-expected earnings for the fiscal fourth quarter and fiscal year.

Revenue for the quarter grew nearly 28% to $10.6 billion, well above consensus analysts' calls for $9.7 billion. Adjusted earnings of $4.40 a share surpassed Wall Street's projections of $4.07.

Shares of Jabil fell 2.7% to $310.50 Wednesday. The stock has risen 34% this year, according to Dow Jones Market Data.

CEO Mike Dastoor attributed the solid earnings for its fiscal fourth quarter and fiscal 2026 to significant growth in artificial-intelligence infrastructure. "These results reflect the progress we've made in moving up the value chain, taking on more of our customers' engineering and manufacturing complexity while maintaining an asset-light model," he said in a press release Wednesday.

The company reported $36 billion in revenue in fiscal 2026 and adjusted earnings of $13.09 a share.

Jabil outlined its projections for the fiscal first quarter of 2027, anticipating revenue of between $10.6 billion and $11.4 billion and adjusted earnings of $3.80 to $4.20.

 

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