Jabil delivered a strong second quarter with results exceeding expectations, driven by broad-based momentum, particularly in Intelligent Infrastructure. The company is raising its fiscal 2026 outlook for revenue and core EPS due to this performance and increased confidence in the second half of the year.
Second quarter results were ahead of expectations across revenue, core operating margin, and core EPS.
positiveContinued momentum in Intelligent Infrastructure, with robust demand in cloud, data center, networking, and communications.
positiveEncouraging improvement in Regulated Industries, with automotive and renewables performing better than anticipated.
positiveRaising fiscal 2026 outlook for revenue and core EPS.
positiveInventories increased to $4.972B from $4.681B in the prior year, a 6.2% increase.
attentionAccounts receivable increased to $4.390B from $4.039B in the prior year, a 8.7% increase.
attentionRestructuring, severance and related charges were $5M in Q2 FY2026, compared to $45M in Q2 FY2025.
attentionAcquisition and divestiture related charges were $6M in Q2 FY2026, compared to $8M in Q2 FY2025.
attentionMargin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
Forward-looking guidance is subject to change and does not constitute a guarantee. Actual results may differ materially from these estimates.
Special items are non-recurring events that may distort period-over-period comparisons. Analysts typically adjust for these when calculating normalized earnings.
Jabil delivered a very strong second quarter, with results ahead of our expectations across revenue, core operating margin, and core EPS.
Our better-than-expected performance in the quarter was broad-based, reflecting the strength of our diversified portfolio and was led by continued momentum in Intelligent Infrastructure, where demand remains robust across cloud and data center infrastructure, networking and communications, and capital equipment.
We also saw encouraging improvement in Regulated Industries, with automotive and renewables performing better than we anticipated earlier in the year.
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Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.