Jabil Inc. (JBL) has reaffirmed its guidance for the third quarter of fiscal 2024. The company expects net revenues between $6.2 billion and $6.8 billion, with GAAP operating income ranging from $221 million to $301 million and GAAP earnings between 82 cents and $1.38 per share. The core operating income is projected to be between $325 million and $385 million, with core earnings in the range of $1.65 to $2.05 per share.Jabil has been experiencing a dynamic market environment in fiscal 2024, marked by the d ...

NEW YORK, May 16, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Jabil Inc. ("Jabil" or the "Company") (NYSE: JBL). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.The investigation concerns whether Jabil and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.[Click here for information about joining the class action]On April 18, 2024, Jabil disclosed in fil ...

NEW YORK, May 03, 2024 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP is investigating potential claims against Jabil Inc. ("Jabil" or the "Company") (NYSE:JBL). The investigation concerns whether Jabil and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices. [Click here to learn more about the investigation] On April 18, 2024, Jabil disclosed in filing with the U.S. Securities and Exchange Commission that "[o]n April 15, 2024, Mr ...

Core Viewpoint - Jabil is experiencing a revenue decline due to market challenges but is optimistic about future growth driven by artificial intelligence (AI) [1][3][5] Financial Performance - For fiscal Q2, Jabil reported adjusted earnings of $1.68 per share on revenue of $6.8 billion, missing Wall Street's revenue forecast of $6.89 billion and down 16% from $8.1 billion year-over-year [2] - The company expects $6.5 billion in revenue for the current quarter, significantly below the consensus estimate of $7.37 billion, and has lowered its fiscal-year revenue guidance to $28.5 billion from $30.89 billion [2][3] Market Outlook - Jabil's previous guidance for fiscal 2024 revenue was $31 billion, but it has been revised down due to lower revenue in markets such as 5G and renewable energy [3] - Management anticipates a turnaround in fiscal 2025, with AI expected to play a central role in driving growth [3][4] AI Market Impact - Jabil is seeing increased demand for AI-related services, particularly in healthcare and cloud businesses, with AI GPU volume in the first half of 2024 being 200 times that of 2023 [3][4] - The company projects AI-related revenue could increase by 20% in fiscal 2025 to $6 billion, potentially accounting for 20% of total revenue [4] Valuation and Investment Potential - Jabil's stock is currently trading at 0.51 times sales, 21 times trailing earnings, and 16 times forward earnings, indicating an attractive valuation [6] - Analysts have a median 12-month price target of $150, with a high target of $160, suggesting potential upside if growth accelerates due to AI [7]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended February 29, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-14063 JABIL INC. (Exact name of registrant as specified in its charter) Indicate by check mark whether the registrant (1) ha ...

Core Perspective - OpenLight and Jabil have formed a strategic partnership to enhance the manufacturing ecosystem for Photonic Integrated Circuits (PICs), aiming to streamline the transition from silicon wafers to packaged solutions across various applications [1][2]. Group 1: Partnership Details - The collaboration will provide a "Silicon to Solutions" service, facilitating end-to-end production and optimizing manufacturing efficiencies, including assembly, packaging, burn-in, and testing [2]. - OpenLight's CEO, Dr. Adam Carter, emphasized that this partnership will simplify supply chain management for customers and support scalability as their businesses grow [2]. - Jabil's SVP, Matt Crowley, highlighted the ability to customize packaged solutions based on customer requirements, leveraging both companies' expertise [2]. Group 2: Industry Context - The demand for faster data processing is increasing, making PICs critical, while supply chain complexities pose challenges in transitioning from silicon wafers to integrated systems [2]. - The partnership positions both companies to address supply chain challenges and meet the high-volume demands for bandwidth components in various markets [2]. Group 3: Company Profiles - OpenLight is recognized as a leader in custom PASIC design, integrating active and passive components into a single chip, with over 200 patents in the field [3]. - Jabil, with over 50 years of experience, offers comprehensive engineering, manufacturing, and supply chain solutions, operating over 100 sites globally [4].

Jabil Inc. (JBL) , one of the largest global suppliers of electronic manufacturing services, reported second-quarter non-GAAP earnings per share of $1.68, surpassing the Zacks Consensus Estimate of $1.65. Cost optimization initiatives and healthy demand in the automotive & transportation end market primarily drove the outperformance. However, the bottom line declined from the year-ago quarter’s tally of $1.88 per share.The company reported revenues of $6.76 billion. The top line fell short of the Zacks Cons ...

Key TakeawaysThe S&P 500 lost 0.7% on Friday, March 15, 2024, after a report showed consumer expectations for inflation inched higher in February.Shares of Jabil plunged as the electronics manufacturer issued lower-than-expected guidance, noting it faces a transitional year after divesting its mobility business.Real estate information firm CoStar Group reported an increase in visitors to its Homes.com platform, and its shares moved higher. Major U.S. equities indexes fell on the final day of the trading wee ...

Key TakeawaysJabil's second-quarter revenue and current-quarter guidance came up short of forecasts as the firm faced "revenue headwinds." Shares sank nearly 17%.The electronic technology firm also reduced its full-year revenue outlook.CEO Kenny Wilson said the company always expected fiscal 2024 to be a "transitional year." Jabil Inc. (JBL) shares were down nearly 17% in afternoon trading Friday after the electronic technology firm’s second-quarter fiscal 2024 sales and current-quarter guidance missed esti ...

Core Insights - Jabil Inc. experienced a weak quarter following the sale of its mobility business, with a 16.7% decline in revenue, but margins and cash flow remain solid, allowing for substantial capital returns through share repurchases [1][4][2] - The company's cash position improved significantly, with cash up 42% year-over-year, and it is in a leaner operational state than in previous years [3][2] - Analysts have reset their expectations due to guidance for Q3 and FY being below consensus, leading to a 10% drop in stock price, although the long-term outlook remains positive with growth expected to return in FY2025 [5][1] Financial Performance - Jabil's gross margin expanded by 120 basis points, helping to offset higher costs and restructuring expenses, resulting in adjusted earnings down 10.5% year-over-year, which met consensus despite revenue weakness [4][5] - The company’s capital returns are primarily through share repurchases, which reduced the Q2 comparison by nearly 7% and are expected to continue into 2024 [2][1] Market Sentiment - Despite the recent decline, Jabil's stock is rated as a firm "buy," with a nearly 100% increase in price target over the last year, and institutional ownership stands at about 93% [6][1] - Insider selling has spiked but is considered opportunistic, with insiders still holding approximately 2.6% of shares [6][1] Technical Outlook - The technical outlook for Jabil stock is mixed, with near-term bearish activity but a long-term trend intact; support above the 150-day moving average is crucial for potential price recovery [7][1] - If the support level holds, shares could gain 15% to 20% to align with analysts' consensus targets [7][1]