Jabil Lifts 2026 Outlook After Q2 Beat on Cloud and Data-Center Demand

Overview

• Adjusted EPS reached $2.69 for Q2, topping the $2.51 consensus, as revenue rose 24% year over year to $8.3 billion and beat estimates.
• Full-year guidance increased to $34 billion in revenue and $12.25 in adjusted EPS, with a targeted core operating margin of about 5.7% and adjusted free cash flow of at least $1.3 billion.
• Management cited strength across cloud and data center infrastructure, networking and communications, and capital equipment as the key growth engines.
• Regulated Industries improved, with automotive and renewables outperforming internal expectations and contributing to margin expansion.
• Q3 outlook calls for adjusted EPS of $2.83 to $3.23 on revenue of $8.1 billion to $8.9 billion, while the stock rose about 1% in premarket trading and is roughly 15% higher year to date.