New York, June 17, 2026, 10:10 (EDT)
- Jabil shares were up about 9.8% recently, changing hands near $412, after the company topped fiscal Q3 forecasts and raised its guidance for 2026.
- Electronics maker now sees revenue for fiscal 2026 at $35 billion, with adjusted earnings at $12.70 a share—which is ahead of estimates.
- AI infrastructure is still the key driver, but investors are checking valuation, supply issues, and if demand spreads past data centers.
Jabil Inc. shares rose early Wednesday in New York after the company raised its full-year profit and revenue outlooks. The electronics maker pointed to strong demand from artificial-intelligence data centers as the reason for the higher guidance.
The stock last changed hands at $412.29, up 9.8%. It earlier hit $427. The broader market moved less, with the SPDR S&P 500 ETF up 0.1%.
Jabil is now seen as a key manufacturing name in the AI supply chain. Data centers want more power, cooling, optics and assembly, and investors are watching to see if that spending can back up the stock’s latest surge.
Jabil reported adjusted earnings of $3.16 per share for its fiscal third quarter, topping the $3.10 average analyst forecast. Revenue climbed 11.8% to $8.75 billion, beating Wall Street targets as well, per LSEG data reported by Reuters. The company’s adjusted earnings remove items it does not consider part of its core business.
The company bumped up its fiscal 2026 adjusted profit outlook to $12.70 per share from $12.25 and now sees revenue at $35 billion, up from $34 billion. Wall Street was looking for revenue of $34.2 billion and adjusted profit of around $12.4 per share.
Jabil CEO Mike Dastoor said “AI infrastructure demand remains extremely strong.” He also noted automotive and connected living did better than expected, after both areas had faced pressure. “Our diversified model continues to work,” Dastoor said in the company’s release. Business Wire
Jabil is guiding for fourth quarter revenue in the $9.2 billion to $10.0 billion range and sees core diluted EPS between $3.80 and $4.20. The company’s core EPS, its preferred non-GAAP metric, takes out things like amortization, stock comp and restructuring charges.
Jabil announced this week it’s teaming up with Adani Enterprises in India to launch an AI and data-center infrastructure manufacturing platform. They didn’t share any dollar figures. The companies said the new platform will target hyperscalers, co-location operators and enterprise data centers.
Peer stocks showed mixed trading. Flex dropped 1.2%. Sanmina edged up 0.2%. Benchmark Electronics added 0.4%. The action in Jabil looked more like a reaction to its own outlook than to sector moves.
There’s a caveat. Stifel’s Ruben Roy bumped his target up to $430, but said earlier that “the risk lies in expectations, not execution.” Raymond James analyst Melissa Fairbanks flagged supply relief for fiscal 2027 as a key watch. If parts are short, capacity lags, or orders slip, hitting the new targets might be a struggle instead of a safety net. Investing.com
Stocks traded in the usual U.S. cash session Wednesday. The New York Stock Exchange added Juneteenth, Friday, June 19, as a market holiday for 2026, according to .
