Core Insights - Jabil Inc. (JBL) plays a crucial role in the automotive industry by providing advanced engineering, manufacturing, and supply-chain solutions that facilitate the rapid transformation of modern vehicles [1] Group 1: Automotive Solutions - Jabil produces advanced camera and imaging solutions for Advanced Driver Assistance Systems (ADAS), including modules for collision warning, lane departure, and blind-spot monitoring [2] - The company manufactures batteries, inverters, converters, and charging components for hybrid and electric vehicles, supporting the trend of automotive electrification [2] - Jabil develops high-performance vehicle compute platforms and zonal controller systems that integrate hardware and software for smarter, more efficient connected cars [2] Group 2: Partnerships and Collaborations - Jabil is collaborating with AVL Software and Functions GmbH to design and manufacture solutions for next-generation vehicle technologies, combining Jabil's manufacturing capabilities with AVL's design and software expertise [3] Group 3: Market Outlook - According to Precedence Research, the global automotive engineering services market is projected to reach nearly $466.37 billion by 2034, growing at a CAGR of 8.94% [4] - Jabil is focusing on strengthening next-generation vehicle technologies by manufacturing and integrating advanced automotive electronics to maintain competitiveness in the automotive sector [4] Group 4: Competitive Landscape - Jabil faces strong competition from Celestica, Inc. (CLS) and Flex Ltd. (FLEX), both of which support hybrid and electric vehicles with their own advanced technologies [5] - Celestica specializes in power electronics components and has expertise in LiDAR sensors and complex automotive electronics [5] - Flex has introduced a high-voltage power electronics system for electric vehicles that enhances power management and efficiency [6] Group 5: Financial Performance - Jabil's stock has increased by 52.6% over the past year, while the Electronic-Manufacturing Services industry has grown by 91.7% [7] - The company's shares currently trade at a price/earnings ratio of 19.7, which is lower than the industry average of 25.1 [9] - Earnings estimates for Jabil for 2025 have risen by 4.52% to $11.55 per share, and for 2026, estimates have increased by 2.52% to $13.41 [10]

Core Viewpoint - Jabil's shares increased nearly 2% after BofA Securities raised its price target to $280 from $265, maintaining a Buy rating, reflecting increased confidence in the company's growth outlook [1] Group 1: Company Growth Outlook - BofA hosted an investor meeting with Jabil executives and expressed confidence in the company's growth outlook, particularly in the Intelligent Infrastructure business, which is expected to see strong demand for the next 24 to 36 months [1] - Jabil is gaining greater visibility from customers, with purchase orders arriving earlier due to lengthening component lead times [2] Group 2: Revenue Growth Projections - While guidance remained unchanged, BofA is more confident that Jabil could accelerate AI-related revenue growth next year, potentially returning to approximately 50% year-over-year growth, compared to the 35% growth guided for fiscal 2026 [3] - The price objective was raised to $280 based on a 20x multiple applied to calendar 2027 earnings of $13.75 per share, indicating increased confidence in revenue growth and margin expansion [3] Group 3: Strategic Opportunities - Looking towards fiscal 2027, Jabil sees opportunities to partner with networking OEMs as data center architectures evolve towards rack-level systems [2]

Core Insights - In 2025, India's industrial and warehousing sector showed significant resilience with leasing activity reaching 36.9 million sq ft, a 16% year-on-year growth, driven mainly by large-ticket transactions from Third-Party Logistics (3PL) providers [1] Leasing Activity - Delhi NCR and Chennai were the primary contributors to growth, together accounting for 46% of annual leasing activity [2] - 3PL players held a 32% share of the total Grade A space uptake, while engineering and e-commerce segments collectively made up 35% of the year's demand [3] - Bhiwandi in Mumbai led leasing activity with approximately 4.9 million sq ft of Grade A space uptake, followed by Chakan-Talegaon in Pune and Oragadam in Chennai [3] - In Q4 2025, there was a demand of about 10.4 million sq ft, with Chennai and Pune contributing 56% of this quarterly demand [4] High-Profile Transactions - Notable transactions included Jabil Inc.'s lease of 385,000 sq ft in Pune and DHL's uptake of 380,400 sq ft in Chennai [5] - The e-commerce sector favored large fulfillment centers, with 61% of its quarterly uptake from large-scale deals, while FMCG and retail segments focused on mid-sized deals to enhance hyperlocal delivery services [5] Supply Dynamics - Developers completed 41.7 million sq ft of new space in 2025, a 15% annual increase, with Delhi NCR leading construction activity at 30% of the new supply [7] - Q4 2025 saw a peak in new space entering the market at 13 million sq ft, a 40% increase from the previous year's final quarter, while vacancy levels remained stable at around 16% [8] Market Outlook - Established hubs like Delhi NCR, Chennai, Mumbai, and Pune are expected to continue driving the market, likely accounting for 70-80% of total demand in 2026 [6][9] - The industrial and warehousing landscape in India is poised for sustained expansion, supported by a positive outlook from developers and an increase in large-scale deals [9]

Core Insights - The industrial and warehousing sector in India experienced significant growth in 2025, with total absorption reaching nearly 37 million sq ft, marking a 16% year-on-year increase, the highest in recent years [8][10] - Delhi NCR and Chennai emerged as the leading industrial hubs, accounting for 24% and 22% of annual absorption respectively, together contributing over 45% of total leasing [10][8] - The demand was primarily driven by 3PL players, who accounted for about 32% of total leasing, alongside engineering and e-commerce sectors [6][10] Leasing Activity - Q4 2025 saw a strong leasing momentum with 10.4 million sq ft absorbed, driven by large transactions and expansion-led demand [10] - Large-format transactions (200,000 sq ft and above) made up around 45% of total absorption, with 61% of quarterly absorption in the e-commerce segment coming from large-format deals [7][10] - Chennai and Pune together accounted for 56% of quarterly leasing, indicating a high degree of regional concentration [2][10] Market Dynamics - Bhiwandi in Mumbai was identified as the most active micro-market, with approximately 4.9 million sq ft of Grade A space uptake [2][10] - Major deals included Scootsy Logistics leasing 580,700 sq ft in Bhiwandi and Amazon taking up 500,000 sq ft in Delhi NCR, highlighting the confidence of occupiers [10][5] - The average rental rates across key industrial and warehousing clusters increased by 5-10% during the year, reflecting sustained demand and limited availability of quality Grade A space [9][10] Supply and Vacancy - Developers added 41.7 million sq ft of new Grade A space in 2025, a 15% year-on-year increase, with Delhi NCR contributing nearly 30% of total completions [8][10] - Despite the significant supply pipeline, vacancy levels remained stable at around 16% at the end of 2025, supported by healthy absorption in active micro-markets [9][10] - The final quarter of 2025 saw around 13 million sq ft of new completions, representing a sharp 40% year-on-year growth [8][10]

Core Insights - Jabil Inc. and Sanmina Corporation are leading players in the electronics manufacturing services (EMS) industry, with Jabil being a prominent provider of EMS solutions globally [1][2] - The EMS industry is expected to grow significantly due to digital transformation, AI investments, and IoT adoption [3] Jabil Insights - Jabil has a diverse product portfolio and strong presence in various sectors, including AI data center infrastructure, automotive, and renewable energy [4] - The AI data center market is projected to grow from $13.62 billion in 2025 to $60.49 billion in 2030, with a compound annual growth rate of 28.3% [5] - Recent acquisitions, such as Hanley Energy Group and Mikros Technologies, have enhanced Jabil's capabilities in data center power management and thermal management [6] - Jabil operates a robust supply chain network across 100 locations in 30 countries, which enhances its reliability and scalability [7] - Jabil faces competition from companies like Celestica and Flex, but its strategic initiatives position it well for competitive advantage [7] Sanmina Insights - Sanmina emphasizes innovation and product diversification, working closely with customers to adapt to future manufacturing needs [8] - The company has developed a connected manufacturing process that improves decision-making by providing real-time data from global factories [10] - Sanmina has faced supply chain disruptions due to geopolitical issues but is working to strengthen its supply chain and is launching a new facility in Houston, TX [11] - The company is gaining traction in cloud and AI infrastructure markets, although competition from other EMS players remains a concern [12] Financial Performance - Sanmina's 2025 sales and EPS estimates imply year-over-year growth of 72.2% and 59.6%, respectively, with stable EPS estimates over the past 60 days [13] - Jabil's 2025 sales and EPS estimates indicate year-over-year growth of 8.8% and 18.46%, with a 4.52% upward trend in EPS estimates over the past 60 days [15] - Over the past year, Sanmina's stock has increased by 92.2%, while Jabil's has risen by 47.3% [16] - From a valuation perspective, Sanmina's shares trade at a forward P/E ratio of 15.11, compared to Jabil's 18.49 [17] Investment Outlook - Both companies are expected to benefit from net sales growth driven by AI proliferation, but Sanmina faces ongoing supply chain challenges [19] - Jabil's strategic acquisitions and product innovations position it favorably in the AI hardware supply chain, making it a more attractive investment option with a Zacks Rank 2 (Buy) [19][18]

分组1 - Momentum investing is characterized by the strategy of "buying high and selling higher," contrasting with the traditional approach of "buy low and sell high" [1] - Identifying the right entry point for fast-moving stocks can be challenging, as these stocks may lose momentum if their growth potential does not justify their high valuations [1] - The Zacks Momentum Style Score is useful for identifying momentum stocks, while the 'Fast-Paced Momentum at a Bargain' screen helps find attractively priced fast-moving stocks [2] 分组2 - Jabil (JBL) is highlighted as a strong candidate for investment, showing a four-week price change of 1.7%, indicating growing investor interest [3] - JBL has gained 8% over the past 12 weeks, with a beta of 1.25, suggesting it moves 25% higher than the market on average [4] - JBL has a Momentum Score of A, indicating a favorable time to invest, and it has a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates [5][6] 分组3 - JBL is trading at a Price-to-Sales ratio of 0.78, suggesting it is undervalued, as investors pay only 78 cents for each dollar of sales [6] - The stock has significant potential for growth, and there are other stocks that also meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen [7] - Zacks offers over 45 Premium Screens to assist in finding winning stock picks based on various investing styles [8]

Company Overview - Khaveen Investments is a global investment advisory firm serving high-net-worth individuals, corporations, associations, and institutions [1] - The firm is a registered investment adviser with the Securities Exchange Commission (SEC) [1] - It offers comprehensive services including market and security research, business valuation, and wealth management [1] Investment Strategy - The flagship Macroquantamental Hedge Fund maintains a diversified portfolio with exposure to hundreds of investments across various asset classes, geographies, sectors, and industries [1] - The investment approach integrates top-down and bottom-up analysis, blending three core strategies: global macro, fundamental, and quantitative [1] Core Expertise - The firm's core expertise lies in disruptive technologies that are reshaping modern industries [1] - Key focus areas include Artificial Intelligence, Cloud Computing, 5G, Autonomous and Electric Vehicles, FinTech, Augmented and Virtual Reality, and the Internet of Things (IoT) [1]

Core Insights - Khaveen Investments is a global investment advisory firm that serves high-net-worth individuals, corporations, associations, and institutions [1] - The firm is a registered investment adviser with the SEC and offers services including market and security research, business valuation, and wealth management [1] - The flagship Macroquantamental Hedge Fund has a diversified portfolio with exposure to hundreds of investments across various asset classes, geographies, sectors, and industries [1] Investment Strategies - Khaveen Investments employs a multifaceted investment approach that integrates top-down and bottom-up analysis [1] - The firm blends three core strategies: global macro, fundamental, and quantitative [1] Focus Areas - The core expertise of Khaveen Investments lies in disruptive technologies that are reshaping modern industries [1] - Key sectors of focus include Artificial Intelligence, Cloud Computing, 5G, Autonomous and Electric Vehicles, FinTech, Augmented and Virtual Reality, and the Internet of Things (IoT) [1]

Financial Performance - Net revenue for the three months ended November 30, 2025, was $8,305 million, an increase of 18.7% compared to $6,994 million for the same period in 2024[101] - Gross profit for the same period was $742 million, representing 8.9% of net revenue, up from 8.7% in the prior year[111] - The Intelligent Infrastructure segment saw a 54% increase in net revenue, driven by a 48% increase from existing customers in the cloud and data center infrastructure business[109] - The Regulated Industries segment's net revenue increased by 4%, primarily due to a 3% increase in revenues from the renewable energy infrastructure business[109] - The Connected Living and Digital Commerce segment experienced an 11% decrease in net revenue, mainly due to a 13% decline from existing customers in the connected living business[109] - Core operating income (Non-GAAP) for the three months ended November 30, 2025, was $454 million, up from $347 million in 2024, representing a 30.7% increase[130] - Net income attributable to Jabil Inc. (U.S. GAAP) for the three months ended November 30, 2025, was $146 million, compared to $100 million in 2024, marking a 46% increase[130] Expenses and Charges - Selling, general and administrative expenses rose to $344 million, an increase of $39 million compared to $305 million in the previous year[112] - Research and development expenses remained stable at $7 million, consistent as a percentage of net revenue at 0.1%[113] - The company reported a decrease in restructuring, severance, and related charges to $76 million from $83 million in the prior year[116] - The effective income tax rate increased to 33.6% for the three months ended November 30, 2025, compared to 28.0% in 2024, reflecting a 5.6% change primarily due to jurisdictional earnings mix and an $18 million tax benefit reversal[124] Cash Flow and Liquidity - Adjusted free cash flow (Non-GAAP) for the three months ended November 30, 2025, was $272 million, an increase from $226 million in 2024[134] - As of November 30, 2025, the company had approximately $1.6 billion in cash and cash equivalents, with a significant portion held by foreign subsidiaries[146] - The company expects its liquidity sources to adequately fund capital expenditures, dividends, share repurchases, and potential acquisitions for the next 12 months and beyond[145] - As of November 30, 2025, the company had $4.0 billion in available unused borrowing capacity under revolving credit facilities, with $3.2 billion available under the senior unsecured credit agreement[148] - Net cash provided by operating activities for the three months ended November 30, 2025, was $323 million, compared to $312 million for the same period in 2024[157] - Net cash used in investing activities during the same period was $(180) million, primarily for the acquisition of Rebound Technologies and capital expenditures[159] Acquisitions - On January 2, 2026, the company completed the acquisition of Hanley Energy Group for cash consideration of $751 million, enhancing its energy management solutions[135] - The acquisition of Rebound Technologies for $133 million was completed on September 1, 2025, aimed at strengthening supply chain services[137] Share Repurchase and Dividends - The company expects to continue declaring and paying regular quarterly dividends similar to past declarations, subject to Board approval[162] - As of November 30, 2025, the company had repurchased 1.4 million shares for $300 million under its share repurchase programs[163] - The Board of Directors authorized a share repurchase program of up to $1.0 billion on July 17, 2025, with approximately $913 million remaining as of the end of the reporting period[174] - The company repurchased a total of 1,746,604 shares of common stock during the three months ended November 30, 2025, at an average price of $206.54 per share[174] Compliance and Reporting - The company was in compliance with all covenants under its global asset-backed securitization program as of November 30, 2025[155] - The financial information for the quarterly period ended November 30, 2025, includes condensed consolidated balance sheets and statements of operations compared to the same period in 2024[182] - The report was signed by the Chief Executive Officer and Chief Financial Officer on January 9, 2026[185]

Core Insights - Jabil, Inc. has completed the acquisition of Hanley Energy Group for $725 million, enhancing its capabilities in energy management and critical power solutions for data centers [1][9] Industry Trends - Organizations across various sectors are rapidly integrating AI to streamline operations and gain competitive advantages, leading to increased energy consumption in AI data centers compared to legacy systems [2] - The AI data center market is projected to grow from $13.62 billion in 2025 to $60.49 billion by 2030, with a compound annual growth rate of 28.3% [4] Company Developments - Jabil's acquisition of Hanley Energy will strengthen its portfolio by integrating power management solutions with its existing data center expertise and global manufacturing capabilities [3] - The company is investing $500 million in the Southeast U.S. to expand manufacturing and workforce development for cloud and AI data center infrastructure [4] - Jabil's previous acquisition of Mikros Technologies highlights its commitment to enhancing capabilities in liquid cooling and thermal management within the AI data center sector [5] Competitive Landscape - Jabil faces competition from companies like Celestica and Flex, which are also expanding their presence in the AI data center market through partnerships and innovative solutions [6][7] - Flex has announced collaborations with LG Electronics and NVIDIA to develop advanced cooling systems and energy-efficient AI data centers, indicating its rapid growth in this space [6] Financial Performance - Jabil's stock has increased by 47% over the past year, while the Electronic-Manufacturing Services industry has grown by 97.6% [8] - Earnings estimates for Jabil have improved, with projections for 2025 rising by 4.52% to $11.55 per share and for 2026 increasing by 2.52% to $13.41 [11] - The company's shares currently trade at a price/earnings ratio of 18.31, which is lower than the industry average of 24.54 [10]