Jabil Stock Pops After Earnings. It’s Becoming an AI Winner.

Jabil stock is up 48% this year as of Tuesday’s close. (Photograph by Jim Stem/Bloomberg)

Key Points

• Jabil’s adjusted earnings of $2.85 per share and revenue of $8.31 billion for the first quarter exceeded analyst estimates.
• The company raised its fiscal-year forecast, now expecting $32.4 billion in revenue and $11.55 in adjusted earnings per share.
• Jabil’s shares rose in premarket trading, with a 48% increase year-to-date, driven by AI and cloud computing demand.

Shares of Jabil rose Wednesday after the supplier of electronic parts beat quarterly earnings and revenue estimates and lifted its fiscal-year forecast.

The company posted adjusted earnings of $2.85 a share for its fiscal first quarter, surpassing analysts’ consensus estimate of $2.70, according to FactSet. Revenue totaled $8.31 billion, up 18.7% from a year ago and above Wall Street’s call for $8.03 billion.

Jabil shares were up 4.9% in premarket trading Wednesday. The stock has climbed 48% as of Tuesday’s close, bolstered by strong demand from artificial-intelligence and cloud-computing infrastructure customers.

The company now expects revenue of $32.4 billion and adjusted earnings of $11.55 a share this year. It had previously forecast revenue of $31.3 billion and $11 in adjusted per-share earnings.

“Fiscal 2026 is off to an excellent start, with Q1 performance ahead of expectations across revenue, core operating margins, and core EPS,” said CEO Mike Dastoor. “Our Intelligent Infrastructure segment remains a major growth engine, supported by accelerating demand across cloud, data center infrastructure, networking, and capital equipment.”

Write to Nate Wolf at nate.wolf@barrons.com