Aug 2026 (Q4 FY26) — Sep 30, 2026
Jabil Q4 FY26 — AI-led growth broadens as capacity ramps
Read the full callJabil (JBL) earnings
- May 2026
- Aug 2026 (Q4 FY26)
- Aug 2025
Jabil earnings: last reported Wed, 30 Sep 2026, for the quarter ended Aug 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 8,751 | +11.8% YoY | Quarterly, as filed | Quarter to May 2026 | Revenue from operations as filed. |
| Operating margin | 5.1 | −0.1 pts YoY | Operating profit / revenue | Quarter to May 2026 | For the quarter; a change is in percentage points. |
| Net profit | 275 | +23.9% YoY | Quarterly, as filed | Quarter to May 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
57 of 58 judged targets kept · 58 open · verdicts reflect calls analysed to May 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Q3 FY26 Connected Living & Digital Commerce segment revenue | $1.2 billion | Feb 2026 | Connected Living & Digital Commerce revenue was $1.4 billion, up 5% year-over-year and above our outlook for the quarter. | Achieved |
| Croatia site supporting GLP-1 drug delivery health care customers | the Croatia site also supports health care customers in GLP-1 drug delivery beginning in FY27 | Nov 2024 | And then don't forget, we'll have Croatia come online right at the end of FY '27. So it's not going to be an FY '27 event, but it will be coming online at the end of FY '27, which means it will be an FY '28 event. | Delayed |
| Completion of the new $1 billion share repurchase authorization | fully execute the current authorization in fiscal 2026 | Aug 2025 | During the quarter, we repurchased approximately $291 million of shares under our existing $1 billion share repurchase authorization, which we intend to fully complete in Q4. | On Track |
1 of JABIL INC's 116 targets was missed. See which ones, and which are quietly gone. The 3 above are the free sample; 113 more targets are in the full ledger.
Claimed
- Q4 revenue was approximately $10.6B, up 29% YoY and more than $1B above the June-outlook midpoint; core EPS was $4.40, up 34%.
- Intelligent Infrastructure Q4 revenue was approximately $5.8B, up 56% YoY and roughly $900M above the June outlook; core margin expanded 60 bps to 6.5%.
- FY26 adjusted free cash flow exceeded $1.5B, above the initial $1.3B-plus outlook, with approximately 110% conversion of core net earnings.
- FY26 AI-related revenue was approximately $14.4B, up $5.4B, while the number of customers generating more than $1B annually rose to 4 from 1 two years earlier.
- Core ROIC reached 59%, nearly triple FY20, while net capital expenditure declined to 1.3% of revenue from 2.9%.
Qualified
- Net inventory days were 64, still above the 55-60-day target range, while gross inventory days were approximately 82 amid higher commodity pricing and a heavier cloud-infrastructure mix.
- Connected Living is expected to decline about 15% to approximately $2.3B in FY27, reflecting portfolio discipline and a conservative stance on memory constraints.
- Healthcare and Packaging finished Q4 below expectations because of delayed automation equipment and a customer-program timing shift.
- FY27 execution requires approximately 4M square feet of added capacity; ramp-related training, yield and utilization costs make profitability more back-end weighted.
- Memory is being reallocated toward AI and hyperscale demand, leaving the broader market “very, very constrained”; management also cited geopolitical, inflation and supply-chain risks.
Price
$282.06 +1.37% · +$3.81
Performance +34.7% 1Y
1Y: $209.34 on 17 Oct 2025 → $282.06. High $385.63 (15 Jun 2026), low $192.49 (20 Nov 2025).
- Previous close
- $278.25
- 52-week range
- $192.49 – $385.63
- One year
- +38.25%
Overview
- Symbol
- JBL
- Sector
- Information Technology
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
57 of 58 judged targets kept · 58 open · verdicts reflect calls analysed to May 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Q3 FY26 Connected Living & Digital Commerce segment revenue | $1.2 billion | Feb 2026 | Connected Living & Digital Commerce revenue was $1.4 billion, up 5% year-over-year and above our outlook for the quarter. | Achieved |
| Croatia site supporting GLP-1 drug delivery health care customers | the Croatia site also supports health care customers in GLP-1 drug delivery beginning in FY27 | Nov 2024 | And then don't forget, we'll have Croatia come online right at the end of FY '27. So it's not going to be an FY '27 event, but it will be coming online at the end of FY '27, which means it will be an FY '28 event. | Delayed |
| Completion of the new $1 billion share repurchase authorization | fully execute the current authorization in fiscal 2026 | Aug 2025 | During the quarter, we repurchased approximately $291 million of shares under our existing $1 billion share repurchase authorization, which we intend to fully complete in Q4. | On Track |
Claimed
- Q4 revenue was approximately $10.6B, up 29% YoY and more than $1B above the June-outlook midpoint; core EPS was $4.40, up 34%.
- Intelligent Infrastructure Q4 revenue was approximately $5.8B, up 56% YoY and roughly $900M above the June outlook; core margin expanded 60 bps to 6.5%.
- FY26 adjusted free cash flow exceeded $1.5B, above the initial $1.3B-plus outlook, with approximately 110% conversion of core net earnings.
- FY26 AI-related revenue was approximately $14.4B, up $5.4B, while the number of customers generating more than $1B annually rose to 4 from 1 two years earlier.
- Core ROIC reached 59%, nearly triple FY20, while net capital expenditure declined to 1.3% of revenue from 2.9%.
Qualified
- Net inventory days were 64, still above the 55-60-day target range, while gross inventory days were approximately 82 amid higher commodity pricing and a heavier cloud-infrastructure mix.
- Connected Living is expected to decline about 15% to approximately $2.3B in FY27, reflecting portfolio discipline and a conservative stance on memory constraints.
- Healthcare and Packaging finished Q4 below expectations because of delayed automation equipment and a customer-program timing shift.
- FY27 execution requires approximately 4M square feet of added capacity; ramp-related training, yield and utilization costs make profitability more back-end weighted.
- Memory is being reallocated toward AI and hyperscale demand, leaving the broader market “very, very constrained”; management also cited geopolitical, inflation and supply-chain risks.
The full ledger
Open JABIL INC’s full ledger
A free account opens 5 company ledgers a month. All 116 tracked commitments, with each call’s wording and source.
Call summaries
May 2026 (Q3 FY26) — Jun 17, 2026
Jabil Q3 FY26 — Strong AI Demand Drives Revenue and Margin Upside
Read the full callFeb 2026 (Q2 FY26) — Mar 18, 2026
Jabil Q2 FY26 — Strong Intelligent Infrastructure Growth and Broad-Based Outperformance
Read the full callNews
Latest news
From the news desk, item by item, hours after each call.
Every analysed call
Jabil earnings calls (JBL)
Financials
What the filings say
Net profit, year on year: +24% (quarter to may 2026 against may 2025).
| Line item | Aug 2024 | Nov 2024 | Feb 2025 | May 2025 | Aug 2025 | Nov 2025 | Feb 2026 | May 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 6,964 | 6,994 | 6,728 | 7,828 | 8,252 | 8,305 | 8,282 | 8,751 |
| Operating profit | 318 | 197 | 245 | 403 | 337 | 283 | 374 | 445 |
| Operating margin | 4.6% | 2.8% | 3.6% | 5.2% | 4.1% | 3.4% | 4.5% | 5.1% |
| Profit before tax | 253 | 139 | 184 | 290 | 279 | 220 | 300 | 366 |
| Tax rate | 45.5% | 28.1% | 36.4% | 23.4% | 21.9% | 33.6% | 26.0% | 24.9% |
| Net profit | 138 | 100 | 117 | 222 | 218 | 146 | 223 | 275 |
| EPS ($ per share) | — | 0.89 | 1.07 | 2.05 | — | 1.37 | 2.10 | 2.61 |
| Line item | Aug 2018 | Aug 2019 | Aug 2020 | Aug 2021 | Aug 2022 | Aug 2023 | Aug 2024 | Aug 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | 1,760 | 2,037 | 2,041 | 2,688 | 3,638 | 4,412 | 5,760 | 6,382 |
| Total liabilities | 10,082 | 11,070 | 12,572 | 14,517 | 17,265 | 16,557 | 15,614 | 17,026 |
| Fixed assets | 3,198 | 3,334 | 3,665 | 4,075 | 3,954 | 3,137 | 3,024 | 2,847 |
| Total assets | 12,046 | 12,970 | 14,397 | 16,654 | 19,717 | 19,424 | 17,351 | 18,543 |
| Line item | Aug 2018 | Aug 2019 | Aug 2020 | Aug 2021 | Aug 2022 | Aug 2023 | Aug 2024 | Aug 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | -1,105 | 1,193 | 1,257 | 1,433 | 1,651 | 1,734 | 1,716 | 1,640 |
| Cash from investing | 1,241 | -872 | -921 | -851 | -858 | -723 | 1,351 | -714 |
| Cash from financing | -47 | -416 | -65 | -413 | -888 | -680 | -2,668 | -1,204 |
| Net cash flow | 68 | -95 | 231 | 173 | -89 | 326 | 397 | -268 |
| Capital expenditure | -1,037 | -1,005 | -983 | -1,159 | -1,385 | -1,030 | -784 | -468 |
| Free cash flow | -2,142 | 188 | 274 | 274 | 266 | 704 | 932 | 1,172 |
JBL revenue by segment
| Segment | Q3 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Intelligent Infrastructure | — | 36% | 39% | 44% | 45% | 46% | 49% | 48% | +21.4% |
| Regulated Industries | — | 42% | 41% | 39% | 38% | 37% | 37% | 36% | +4.1% |
| Connected Living and Digital Commerce | — | 22% | 20% | 17% | 17% | 17% | 15% | 16% | +4.6% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
JBL operating KPIs by quarter
| KPI | Feb 2025 Q2 FY25 | Aug 2025 Q4 FY25 | Aug 2026 Q4 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| Manufacturing sites US | 30And finally, with 30 sites in the US, our manufacturing footprint here has never been bigger than it is today.Source: earnings call transcript | 30+With more than 30 sites in the US, our footprint here has never been larger.Source: earnings call transcript | 40+It's worth highlighting that we now have more than 40 sites in the US as we continue to support our customers' reshoring activities.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
142 filings between Oct 20, 2025 and Jul 18, 2026.
Open market
decisions to buy or sellPurchases
$149.8K
1 purchase by 1 insider
Sales
$67.79M
97 sales by 14 insiders
56% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 16
- Award — granted as compensation
- 24
- Tax withheld — shares kept back by the company to cover tax
Also filed: 4 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| MONDELLO MARK T | — | $34.47M | Jan 16, 2026 |
| BORGES STEVEN D | — | $8.07M | Apr 17, 2026 |
| Dastoor Michael | — | $6.42M | Apr 8, 2026 |
| McCoy Frederic E. | — | $4.95M | Dec 19, 2025 |
| Yap May Yee | — | $2.49M | Apr 16, 2026 |
| Priestley Andrew | — | $2.25M | Apr 20, 2026 |
| Crowley Matthew | — | $1.53M | Jul 6, 2026 |
| ANSARI ANOUSHEH | — | $1.45M | Apr 10, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Jul 18, 2026 | Renno Rafael SVP, Global Business Units | Tax withheld | 272 | $81.9K |
| Jul 17, 2026 | Tyagarajan N. V. Director | Purchase | 500 | $149.8K |
| Jul 15, 2026 | Schick Gary K. SVP, CHRO | Sale | 2 | $660 |
| Jul 15, 2026 | Schick Gary K. SVP, CHRO | Sale | 135 | $43.1K |
| Jul 15, 2026 | Schick Gary K. SVP, CHRO | Sale | 76 | $24.9K |
| Jul 15, 2026 | Schick Gary K. SVP, CHRO | Sale | 89 | $28.2K |
| Jul 15, 2026 | Schick Gary K. SVP, CHRO | Sale | 66 | $21.3K |
| Jul 15, 2026 | Schick Gary K. SVP, CHRO | Sale | 115 | $36.2K |
| Jul 15, 2026 | Schick Gary K. SVP, CHRO | Sale | 209 | $66.4K |
| Jul 15, 2026 | Schick Gary K. SVP, CHRO | Sale | 76 | $24.8K |
| Jul 15, 2026 | Schick Gary K. SVP, CHRO | Sale | 232 | $74.4K |
| Jul 6, 2026 | Crowley Matthew EVP, Global Business Units | Sale | 94 | $32.4K |
| Apr 30, 2026 | Schick Gary K. SVP, CHRO | Sale | 1,000 | $340.0K |
| Apr 23, 2026 | Tyagarajan N. V. Director | Award | 600 | $0 |
| Apr 23, 2026 | PLANT JOHN C Director | Award | 600 | $0 |
| Apr 20, 2026 | Priestley Andrew EVP, Chief Operations Officer | Sale | 3,169 | $1.05M |
| Apr 17, 2026 | BORGES STEVEN D EVP, Global Business Units | Sale | 5,126 | $1.63M |
| Apr 16, 2026 | Yap May Yee SVP, Chief Information Officer | Sale | 1,634 | $501.2K |
| Apr 13, 2026 | Renno Rafael SVP, Global Business Units | Sale | 1,000 | $305.0K |
| Apr 10, 2026 | Priestley Andrew EVP, Chief Operations Officer | Sale | 4,000 | $1.20M |
| Apr 10, 2026 | RAYMUND STEVEN A Director | Gift | 5,120 | $0 |
| Apr 10, 2026 | Berry Adam E. SVP, IR and Corporate Affairs | Sale | 1,585 | $477.5K |
| Apr 10, 2026 | ANSARI ANOUSHEH Director | Sale | 2,000 | $600.0K |
| Apr 9, 2026 | BORGES STEVEN D EVP, Global Business Units | Sale | 7,000 | $2.06M |
| Apr 8, 2026 | Dastoor Michael CEO | Sale | 470 | $136.1K |
| Apr 8, 2026 | Renno Rafael SVP, Global Business Units | Sale | 1,000 | $288.0K |
| Apr 8, 2026 | Dastoor Michael CEO | Sale | 8,997 | $2.58M |
| Apr 8, 2026 | BORGES STEVEN D EVP, Global Business Units | Sale | 7,000 | $2.03M |
| Apr 7, 2026 | HOLLAND CHRISTOPHER S Director | Gift | 960 | $0 |
| Apr 1, 2026 | Berry Adam E. SVP, IR and Corporate Affairs | Sale | 1,000 | $272.8K |
| Mar 24, 2026 | Schick Gary K. SVP, CHRO | Sale | 1,000 | $278.3K |
| Mar 24, 2026 | ANSARI ANOUSHEH Director | Sale | 1,000 | $270.0K |
| Feb 2, 2026 | Schick Gary K. SVP, CHRO | Sale 10b5-1 plan | 115 | $28.2K |
| Feb 2, 2026 | Schick Gary K. SVP, CHRO | Sale 10b5-1 plan | 110 | $26.9K |
| Feb 2, 2026 | Schick Gary K. SVP, CHRO | Sale 10b5-1 plan | 60 | $14.6K |
| Feb 2, 2026 | Schick Gary K. SVP, CHRO | Sale 10b5-1 plan | 58 | $14.0K |
| Feb 2, 2026 | Schick Gary K. SVP, CHRO | Sale 10b5-1 plan | 42 | $10.3K |
| Feb 2, 2026 | Schick Gary K. SVP, CHRO | Sale 10b5-1 plan | 36 | $8.6K |
| Feb 2, 2026 | Schick Gary K. SVP, CHRO | Sale 10b5-1 plan | 1 | $236 |
| Jan 23, 2026 | Tyagarajan N. V. Director | Tax withheld | 147 | $36.0K |
| Jan 22, 2026 | Renno Rafael SVP, Global Business Units | Award | 1,540 | $0 |
| Jan 22, 2026 | Renno Rafael SVP, Global Business Units | Award | 1,540 | $0 |
| Jan 22, 2026 | Renno Rafael SVP, Global Business Units | Award | 1,530 | $0 |
| Jan 22, 2026 | Dastoor Michael CEO | Sale 10b5-1 plan | 291 | $74.7K |
| Jan 22, 2026 | Dastoor Michael CEO | Sale 10b5-1 plan | 139 | $34.5K |
| Jan 22, 2026 | Priestley Andrew EVP, Global Business Units | Award | 4,090 | $0 |
| Jan 22, 2026 | Priestley Andrew EVP, Global Business Units | Award | 8,170 | $0 |
| Jan 22, 2026 | RAYMUND STEVEN A Director | Award | 900 | $0 |
| Jan 22, 2026 | HOLLAND CHRISTOPHER S Director | Award | 900 | $0 |
| Jan 22, 2026 | Chandrasekaran Sujatha Director | Award | 900 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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