Jabil(JBL) - 2026 Q2 - Quarterly Results

Financial Performance - Jabil reported net revenue of $8.3 billion for the second quarter of fiscal year 2026, with a core operating margin of 5.7%[7][3] - U.S. GAAP diluted earnings per share for the second quarter was $2.08, while core diluted earnings per share (Non-GAAP) was $2.69[7][6] - Net revenue for the three months ended February 28, 2026, was $8,282 million, a 23% increase from $6,728 million in the same period last year[20] - Operating income for the three months ended February 28, 2026, was $374 million, representing a 52% increase compared to $245 million in the same period last year[20] - Net income attributable to Jabil Inc. for the six months ended February 28, 2026, was $369 million, a 70% increase from $217 million in the same period last year[20] - Diluted earnings per share for the three months ended February 28, 2026, was $2.08, up 96% from $1.06 in the same period last year[23] Revenue Outlook - The company raised its fiscal 2026 outlook, projecting net revenue between $34 billion and $34.8 billion, and core diluted earnings per share between $2.83 and $3.23[5][6] Cash Flow and Assets - Jabil's adjusted free cash flow (Non-GAAP) exceeded $1.3 billion, indicating strong cash generation capabilities[8] - Adjusted free cash flow for the six months ended February 28, 2026, was $632 million, compared to $487 million in the prior year, reflecting a 30% increase[25] - Cash flows provided by operating activities for the six months ended February 28, 2026, totaled $734 million, an increase from $646 million in the same period last year[22] - Total cash and cash equivalents at the end of the period was $1,830 million, compared to $1,592 million at the end of the same period last year[22] Operational Highlights - The company experienced robust demand in Intelligent Infrastructure, particularly in cloud and data center infrastructure, networking, and communications[3] - Jabil's total assets increased to $20.628 billion as of February 28, 2026, up from $18.543 billion at the end of August 2025[18] - Current liabilities rose to $14.811 billion, compared to $13.714 billion in the previous period, reflecting increased operational activities[18] Profitability and Growth - Jabil's retained earnings increased to $6.733 billion, up from $6.382 billion, demonstrating improved profitability[18] - The company is focused on profitable growth, disciplined execution, and margin expansion to deliver long-term value for shareholders[3] - Gross profit for the six months ended February 28, 2026, reached $1,488 million, up 26% from $1,182 million in the prior year[20] Adjustments and Acquisitions - The company incurred $848 million in cash paid for business and intangible asset acquisitions during the six months ended February 28, 2026[22] - The company recorded $62 million in adjustments to operating income for the three months ended February 28, 2026, primarily related to restructuring and acquisition charges[23]