Jabil posts fourth-quarter net revenue of $10.6 billion

Jabil Inc. (JBL) reported financial results on Tuesday for its fourth fiscal quarter and full fiscal year ended August 31, 2026, according to a regulatory filing.

Here's how the company did:

• Q4 Revenue: $10.6 billion vs. $8.25 billion a year earlier
• Q4 U.S. GAAP Diluted EPS: $3.76 vs. $1.99 a year earlier
• Q4 Core Diluted EPS (Non-GAAP): $4.40 vs. $3.29 a year earlier
• Full Year Revenue: $36.0 billion vs. $29.80 billion a year earlier
• Full Year U.S. GAAP Diluted EPS: $9.75 vs. $5.92 a year earlier
• Full Year Core Diluted EPS (Non-GAAP): $13.09 vs. $9.75 a year earlier

"We delivered a fourth quarter that exceeded our expectations, closing an exceptional fiscal 2026 in which we grew revenue 21%, expanded core operating margin 40 basis points and generated more than $1.5 billion in adjusted free cash flow," said CEO Mike Dastoor in a statement.

For the fourth quarter, U.S. GAAP operating income was $602 million, compared to $337 million a year earlier. Core operating income on a non-GAAP basis was $675 million, up from $519 million in the prior-year period. Net income attributable to Jabil Inc. reached $398 million, compared to $218 million a year earlier.

For the full fiscal year 2026, U.S. GAAP operating income was $1.7 billion, compared to $1.18 billion a year earlier. Core operating income on a non-GAAP basis was $2.1 billion, compared to $1.62 billion in the previous fiscal year. Net income attributable to Jabil Inc. for the full year was $1.04 billion, up from $657 million a year earlier.

"Our teams supported significant growth in AI infrastructure, delivered strong performance across several other end markets and brought critical new capacity online," Dastoor said.

For the first quarter of fiscal year 2027, Jabil expects net revenue in the range of $10.6 billion to $11.4 billion. U.S. GAAP operating income is projected between $481 million and $541 million, with U.S. GAAP diluted earnings per share expected to range from $2.78 to $3.18. Core operating income on a non-GAAP basis is projected between $592 million and $652 million, with core diluted earnings per share between $3.80 and $4.20.

For the full fiscal year 2027, the company expects revenue of $44.5 billion, representing growth of 24%. Core operating margin is projected to expand by 30 basis points to 6.1%, and core diluted earnings per share are expected to grow 34% to $17.55. Adjusted free cash flow for fiscal year 2027 is projected at approximately $1.6 billion.

"Our fiscal 2027 outlook reflects the strength of Jabil’s diversified portfolio, with accelerating AI demand complemented by solid growth in automotive, healthcare, energy infrastructure, defense and aerospace, and warehouse and retail automation," Dastoor said.