Jabil Inc. reported a strong start to fiscal year 2026, with first-quarter performance exceeding expectations across revenue, core operating margins, and core EPS. The company is raising its full-year outlook due to broad-based strength and improved visibility, particularly from its Intelligent Infrastructure segment.
Net revenue of $8.3 billion, an increase from $6.994 billion in the prior year.
positiveU.S. GAAP diluted EPS of $1.35, up from $0.88 in the prior year.
positiveCore diluted EPS (Non-GAAP) of $2.85, significantly higher than $2.00 in the prior year.
positiveAdjusted free cash flow of $272 million, an increase from $226 million in the prior year.
positiveInventories increased to $4.681 billion from $4.681 billion in the prior year, remaining flat while revenue grew.
attentionRestructuring, severance and related charges of $76 million in the current quarter compared to $83 million in the prior year, indicating ongoing cost optimization efforts.
attentionAcquisition and divestiture related charges of $15 million in the current quarter.
attentionCash and cash equivalents decreased by $361 million in the quarter.
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.
Fiscal 2026 is off to an excellent start, with Q1 performance ahead of expectations across revenue, core operating margins, and core EPS.
Our Intelligent Infrastructure segment remains a major growth engine, supported by accelerating demand across cloud, data center infrastructure, networking, and capital equipment.
Both Regulated Industries and Connected Living & Digital Commerce are performing better than we anticipated coming into the year, giving us momentum across the entire portfolio.
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