Jabil (JBL) JBL Q1 Financial Results Summary
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Jabil Inc. (JBL) Q1 2026 Financial Results Summary
Released on December 17, 2025, Jabil Inc. (NYSE: JBL) reported its preliminary unaudited financial results for the first quarter of fiscal year 2026, highlighting strong performance across several metrics.
Key Financial Highlights
- Net Revenue:
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$8.3 billion, an increase of 18.7% compared to $6.99 billion in Q1 FY 2025.
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U.S. GAAP Operating Income:
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$283 million, up by 43.6% from $197 million in Q1 FY 2025.
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U.S. GAAP Diluted Earnings Per Share (EPS):
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$1.35, representing a 53.4% increase over the prior year’s $0.88.
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Core Operating Income (Non-GAAP):
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$454 million, climbing 30.8% from $347 million in Q1 FY 2025.
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Core Diluted EPS (Non-GAAP):
- $2.85, up 42.5% from $2.00 a year prior.
Segment Performance
- Intelligent Infrastructure:
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Remains a prominent growth driver, with increasing demand in cloud services, data center infrastructure, networking, and capital equipment.
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Regulated Industries:
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Shows stronger than anticipated performance, contributing to overall growth.
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Connected Living & Digital Commerce:
- Also surpassing initial expectations, adding to Jabil’s momentum across business segments.
Future Outlook
Second Quarter of Fiscal Year 2026 Guidance:
- Net Revenue:
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Projected between $7.5 billion to $8.0 billion.
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U.S. GAAP Operating Income:
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Expected between $312 million to $382 million.
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U.S. GAAP Diluted EPS:
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Forecasted range of $1.70 to $2.19 per share.
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Core Operating Income (Non-GAAP):
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Estimated between $375 million to $435 million.
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Core Diluted EPS (Non-GAAP):
- Expected range of $2.27 to $2.67.
Fiscal Year 2026 Overall Outlook:
- Net Revenue:
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Projected at $32.4 billion.
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Core Operating Margin (Non-GAAP):
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Anticipated at 5.7%.
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Core Diluted EPS (Non-GAAP):
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Estimated at $11.55 per share.
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Adjusted Free Cash Flow (Non-GAAP):
- Expected to exceed $1.3 billion.
Returns to Shareholders
- Dividends:
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Jabil declared $10 million in dividends paid to stockholders, consistent with the previous year.
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Share Repurchase:
- The company repurchased $300 million worth of shares during the quarter, an increase from $232 million the year before.
Balance Sheet Highlights
- Total Assets:
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$19.276 billion, compared to $18.543 billion at the end of the prior fiscal year.
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Cash and Cash Equivalents:
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Fell to $1.572 billion, down from $1.933 billion.
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Total Liabilities:
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Increased to $17.929 billion, up from $17.026 billion.
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Stockholders’ Equity:
- Decreased to $1.344 billion, down from $1.513 billion.
Summary of Cash Flow
- Net Cash Provided by Operating Activities:
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$323 million, compared to $312 million in Q1 FY 2025.
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Net Cash Used in Financing Activities:
- Increased to $503 million, compared to $312 million in the previous year.
Overall, Jabil’s first quarter results demonstrate a strong performance with notable growth in revenue and earnings. The company remains focused on driving further growth and delivering value to its shareholders.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in millions, except for per share data)
| November 30, 2025 | November 30, 2024 | |
|---|---|---|
| Net revenue | $8,305 | $6,994 |
| Cost of revenue | $7,563 | $6,388 |
| Gross profit | $742 | $606 |
| Operating expenses: | ||
| Selling, general and administrative | $344 | $305 |
| Research and development | $7 | $8 |
| Amortization of intangibles | $19 | $13 |
| Restructuring, severance and related | $76 | $83 |
| charges | ||
| Gain from the divestiture of businesses | $-2 | $— |
| Acquisition and divestiture related | $15 | $— |
| charges | ||
| Operating income | $283 | $197 |
| Interest and other, net | $63 | $58 |
| Income before income tax | $220 | $139 |
| Income tax expense | $74 | $39 |
| Net income | $146 | $100 |
| Net income attributable to | ||
| noncontrolling interests, net of tax | $— | $— |
| Net income attributable to Jabil Inc. | $146 | $100 |
| Earnings per share attributable to the | ||
| stockholders of Jabil Inc.: | ||
| Basic | $1.37 | $0.89 |
| Diluted | $1.35 | $0.88 |
| Weighted average shares outstanding: | ||
| Basic | 107.0 | 112.7 |
| Diluted | 108.3 | 114.0 |
CONDENSED CONSOLIDATED BALANCE SHEETS
(in millions)
| November 30, 2025 | August 31, 2025 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $1,572 | $1,933 |
| Accounts receivable, net | $4,421 | $4,039 |
| Contract assets | $1,178 | $1,057 |
| Inventories, net | $4,681 | $4,681 |
| Prepaid expenses and other current | $2,532 | $2,010 |
| assets | ||
| Total current assets | $14,384 | $13,720 |
| Property, plant and equipment, net | $2,831 | $2,847 |
| Operating lease right-of-use assets | $461 | $462 |
| Goodwill and intangible assets, net | $1,184 | $1,114 |
| Deferred income taxes | $147 | $141 |
| Other assets | $269 | $259 |
| Total assets | $19,276 | $18,543 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Current installments of notes payable | $500 | $499 |
| and long-term debt | ||
| Accounts payable | $8,418 | $7,937 |
| Accrued expenses | $5,534 | $5,185 |
| Current operating lease liabilities | $96 | $93 |
| Total current liabilities | $14,548 | $13,714 |
| Notes payable and long-term debt, less | $2,387 | $2,386 |
| current installments | ||
| Other liabilities | $377 | $345 |
| Non-current operating lease liabilities | $385 | $388 |
| Income tax liabilities | $128 | $113 |
| Deferred income taxes | $104 | $80 |
| Total liabilities | $17,929 | $17,026 |
| Commitments and contingencies | ||
| Equity: | ||
| Jabil Inc. stockholders’ equity: | ||
| Preferred stock | $— | $— |
| Common stock | $— | $— |
| Additional paid-in capital | $3,108 | $3,047 |
| Retained earnings | $6,519 | $6,382 |
| Accumulated other comprehensive loss | $-22 | $-17 |
| Treasury stock, at cost | $-8,261 | $-7,899 |
| Total Jabil Inc. stockholders’ equity | $1,344 | $1,513 |
| Noncontrolling interests | $3 | $4 |
| Total equity | $1,347 | $1,517 |
| Total liabilities and equity | $19,276 | $18,543 |