Jabil: Fiscal Q4 Earnings Snapshot – WTOP News
Adjusted earnings of $4.40 per share and revenue of $10.62 billion both beat analysts’ forecasts, and Jabil issued stronger full-year guidance.
- On Wednesday, St. Petersburg, Florida-based Jabil Inc. reported fourth-quarter adjusted profit of $4.40 per share, exceeding Wall Street expectations of $4.07, while revenue rose 28.6% to $10.62 billion.
- Rising investments in data center infrastructure to support artificial intelligence technologies have benefited Jabil, with CEO Mike Dastoor citing strong AI demand as the primary growth driver for the company's fiscal 2027 outlook.
- Jabil expects full-year 2027 revenues of $44.5 billion, surpassing analysts' average expectations of $42.79 billion. For the current quarter ending in November, the manufacturer anticipates per-share earnings ranging from $3.80 to $4.20.
- Shares of the St. Petersburg-based company fell 2% in premarket trading following the results. The company projects annual adjusted earnings per share of $17.55, above analysts' estimates of $16.87.
- Growth across sectors including automotive, healthcare, energy infrastructure, defense, aerospace, and warehouse and retail automation supports performance, as Jabil remains focused on hardware supporting artificial intelligence workloads.
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Jabil forecasts full-year results above estimates on AI data center demand
Sept 30 (Reuters) - Jabil forecast profit and revenue for the fiscal year 2027 above Wall Street estimates on Wednesday, as the electronics component maker banks on demand from AI data centers. Rising investments in data center infrastructure, driven...
Jabil: Fiscal Q4 Earnings Snapshot – WTOP News
ST PETERSBURG, Fla. (AP) — ST PETERSBURG, Fla. (AP) — Jabil Inc. (JBL) on Wednesday reported fiscal fourth-quarter profit of $398 million. The St Petersburg, Florida-based company said it had profit of $3.76 per share. Earnings, adjusted for stock option expense and amortization costs, were $4.40 per share. The results beat Wall Street expectations. The...
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Jabil sees FY27 revenue, profit above estimates as AI spending rises
Jabil forecast profit and revenue for the fiscal year 2027 above Wall Street estimates on Wednesday, as the electronics component maker banks on demand from AI data centers. Rising investments in data center infrastructure, driven by strong demand for computing capacity to support AI technologies, have benefited electronics companies such as Jabil. CEO Mike Dastoor […]
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