Jabil Posts Q4 & FY26 Results Above Expectations, Issues Bullish FY27 Outlook

Overview of Filing

On September 30, 2026, Jabil Inc. (NYSE: JBL) filed Form 8-K under Item 2.02 (Results of Operations and Financial Condition), releasing its preliminary fourth quarter and full fiscal year financial results for the period ended August 31, 2026, alongside guidance for Q1 FY2027 and full-year FY2027.

Financial Highlights

Fourth Quarter Fiscal 2026

• Net Revenue: $10.6 billion
• U.S. GAAP Operating Income: $602 million
• Core Operating Income (Non-GAAP): $675 million
• U.S. GAAP Diluted EPS: $3.76
• Core Diluted EPS (Non-GAAP): $4.40

Full Year Fiscal 2026

• Net Revenue: $36.0 billion, up 21% year-over-year
• U.S. GAAP Operating Income: $1.7 billion
• Core Operating Income (Non-GAAP): $2.1 billion
• U.S. GAAP Diluted EPS: $9.75
• Core Diluted EPS (Non-GAAP): $13.09
• Core Operating Margin: Expanded by 40 basis points
• Adjusted Free Cash Flow: More than $1.5 billion

Outlook

First Quarter Fiscal 2027 Guidance

• Net Revenue: $10.6 billion to $11.4 billion
• U.S. GAAP Operating Income: $481 million to $541 million
• Core Operating Income (Non-GAAP): $592 million to $652 million
• U.S. GAAP Diluted EPS: $2.78 to $3.18
• Core Diluted EPS (Non-GAAP): $3.80 to $4.20

Full Year Fiscal 2027 Guidance

• Net Revenue: $44.5 billion (~24% growth)
• Core Operating Margin: 6.1% (+30 bps expansion)
• Core Diluted EPS: $17.55 (~34% growth)
• Adjusted Free Cash Flow: Approximately $1.6 billion

Key Business Drivers & Strategic Context

• AI Infrastructure Expansion: Management highlighted substantial tailwinds from accelerating artificial intelligence infrastructure demand.
• Market Diversification: Continued momentum was noted across automotive, healthcare, energy infrastructure, aerospace and defense, and warehouse/retail automation.
• Operating Model: Strategic shift toward higher-complexity engineering and manufacturing solutions while maintaining an asset-light footprint.