Jabil (JBL) Q4 2026 Financial Results Summary
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Jabil (JBL) Q4 2026: Revenue Growth of 21% YoY — Strong Outlook Ahead
Jabil Inc. (NYSE: JBL) reported its fourth quarter and fiscal year 2026 results, showcasing a robust performance that exceeded expectations. The company achieved net revenue of $10.6 billion, marking an increase of $2.4 billion or +29% compared to the same quarter last year, where revenue was $8.2 billion. This significant growth reflects Jabil's successful expansion in various sectors, particularly in AI infrastructure.
Overall, this quarter is a positive outcome for shareholders. The substantial revenue growth, alongside an increase in adjusted free cash flow to over $1.5 billion, indicates strong operational efficiency and demand across Jabil's diversified portfolio. The company's ability to expand its core operating margin by 40 basis points further underscores its effective management and strategic positioning in the market.
Key Financial Metrics for Q4 2026:
- Net Revenue: $10.6 billion (up from $8.2 billion in Q4 2025)
- U.S. GAAP Operating Income: $602 million
- U.S. GAAP Diluted Earnings Per Share: $3.76
- Core Operating Income (Non-GAAP): $675 million
- Core Diluted Earnings Per Share (Non-GAAP): $4.40
Fiscal Year 2026 Highlights:
- Net Revenue: $36.0 billion (up from $29.8 billion in FY 2025)
- U.S. GAAP Operating Income: $1.7 billion
- U.S. GAAP Diluted Earnings Per Share: $9.75
- Core Operating Income (Non-GAAP): $2.1 billion
- Core Diluted Earnings Per Share (Non-GAAP): $13.09
In addition to the impressive quarterly results, Jabil announced a strong outlook for fiscal year 2027. The company expects:
- Net Revenue: $44.5 billion (up 24% YoY)
- Core Operating Margin: 6.1%
- Core Diluted Earnings Per Share: $17.55 (up 34% YoY)
- Adjusted Free Cash Flow: Approximately $1.6 billion
The guidance reflects Jabil's confidence in its diversified portfolio, driven by accelerating demand in AI, automotive, healthcare, energy infrastructure, defense, aerospace, and retail automation sectors. This breadth of growth opportunities positions Jabil favorably for sustained profitability and capital returns to shareholders.
Shareholder Returns and Future Outlook:
Jabil continues to demonstrate its commitment to returning capital to shareholders, with dividends paid amounting to $35 million in the fiscal year. The company also engaged in share buybacks, acquiring $1.06 billion in treasury stock.
Looking ahead, investors should monitor Jabil's performance in the first quarter of fiscal year 2027, where the company projects net revenue between $10.6 billion and $11.4 billion and core diluted earnings per share between $3.80 and $4.20. The anticipated growth in AI and other sectors will be critical to watch as Jabil continues to leverage its engineering and manufacturing capabilities.
In conclusion, Jabil's fourth quarter results and fiscal year outlook present a compelling case for continued investment. The company's strategic focus on high-growth sectors and commitment to operational excellence positions it well for future success, making it an attractive option for shareholders looking for growth in the manufacturing and technology space.
Note: The following tables contain amounts in millions.
| August 31, 2026 | August 31, 2025 | Fiscal Year Ended | August 31, 2026 | August 31, 2025 | |
|---|---|---|---|---|---|
| Net revenue | $10,616 | $8,252 | $35,954 | $29,802 | |
| Cost of revenue | $9,615 | $7,469 | $32,637 | $27,156 | |
| Gross profit | $1,001 | $783 | $3,317 | $2,646 | |
| Operating expenses | $324 | $264 | $1,222 | $1,015 | |
| Stock-based compensation expense and related charges | $25 | $23 | $140 | $107 | |
| Research and development | $7 | $4 | $30 | $26 | |
| Amortization of intangibles | $24 | $17 | $89 | $62 | |
| Restructuring and severance and related charges | $9 | $37 | $97 | $181 | |
| Loss from the divestiture of businesses | — | $98 | $1 | $53 | |
| Acquisition and divestiture related charges | $10 | $3 | $34 | $20 | |
| Operating income | $602 | $337 | $1,704 | $1,182 | |
| Loss on securities | — | — | — | $46 | |
| Interest and other, net | $80 | $58 | $296 | $244 | |
| Income before income tax | $522 | $279 | $1,408 | $892 | |
| Income tax expense | $125 | $61 | $368 | $235 | |
| Net income | $397 | $218 | $1,040 | $657 | |
| Net loss attributable to noncontrolling interests | -1 | — | -2 | — | |
| Net income attributable to Jabil Inc. | $398 | $218 | $1,042 | $657 | |
| Earnings per share attributable to the stockholders of Jabil Inc.: | |||||
| Basic | $3.80 | $2.03 | $9.86 | $6.00 | |
| Diluted | $3.76 | $1.99 | $9.75 | $5.92 | |
| Weighted-average shares used to compute net income per share, basic | 104.8 | 107.5 | 105.8 | 109.5 | |
| Weighted-average shares used to compute net income per share, diluted | 106.0 | 109.2 | 106.9 | 110.9 |
| August 31, 2026 | August 31, 2025 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $1,739 | $1,933 |
| Accounts receivable, net | $6,513 | $4,039 |
| Contract assets | $1,296 | $1,057 |
| Inventories, net | $7,413 | $4,681 |
| Prepaid expenses and other current assets | $4,559 | $2,010 |
| Total current assets | $21,520 | $13,720 |
| Property, plant and equipment, net | $3,005 | $2,847 |
| Operating lease right-of-use assets | $614 | $462 |
| Goodwill and intangible assets, net | $1,828 | $1,114 |
| Deferred income taxes | $178 | $141 |
| Other assets | $290 | $259 |
| Total assets | $27,435 | $18,543 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Current installments of notes payable and long-term debt | $499 | $499 |
| Accounts payable | $14,444 | $7,937 |
| Accrued expenses | $6,619 | $5,185 |
| Current operating lease liabilities | $111 | $93 |
| Total current liabilities | $21,673 | $13,714 |
| Notes payable and long-term debt, less current installments | $2,880 | $2,386 |
| Other liabilities | $421 | $345 |
| Non-current operating lease liabilities | $530 | $388 |
| Income tax liabilities | $170 | $113 |
| Deferred income taxes | $144 | $80 |
| Total liabilities | $25,818 | $17,026 |
| Commitments and contingencies | ||
| Equity: | ||
| Jabil Inc. stockholders’ equity: | ||
| Preferred stock | — | — |
| Common stock | — | — |
| Additional paid-in capital | $3,255 | $3,047 |
| Retained earnings | $7,390 | $6,382 |
| Accumulated other comprehensive loss | -12 | -17 |
| Treasury stock, at cost | -9,020 | -7,899 |
| Total Jabil Inc. stockholders’ equity | $1,613 | $1,513 |
| Noncontrolling interests | $4 | $4 |
| Total equity | $1,617 | $1,517 |
| Total liabilities and equity | $27,435 | $18,543 |
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