Electronics Giant Jabil Soars Following Stellar AI Revenue Forecast
Electronics manufacturing behemoth, Jabil Inc. (NYSE: JBL), unveiled a remarkable earnings report on June 17, 2026. The company reported a Q3 fiscal 2026 revenue of approximately $8.8 billion. This 12% year-over-year increase surpassed Wall Street’s predictions, causing shares to surge over 10% in premarket trading to approximately $415, nearing the stock’s 52-week high of $428.93.
The standout headline was the company’s AI-related revenue outlook. Jabil now anticipates AI-driven revenues to hit approximately $13.6 billion in fiscal 2026, marking a 50% year-over-year growth from $9 billion in fiscal 2025. This figure is $500 million above its March forecast. CEO Mike Dastoor stated that “AI infrastructure demand remains extremely strong,” and confirmed Jabil’s acquisition of its third hyperscale customer, further cementing its status as a vital AI infrastructure partner.
For the full fiscal year 2026, management has increased its revenue outlook to approximately $35 billion, up from $34 billion, suggesting roughly 17% annual growth. Core earnings per share guidance was also raised to $12.70, comfortably surpassing the analyst consensus of $12.38. The company also increased its adjusted free cash flow target to more than $1.4 billion.
Source: Investing.com — Jabil Q3 FY2026: AI Revenue Surges 50%, Outlook Raised