Jabil Analysts Increase Their Forecasts After Better-Than-Expected Q2 Results

Core Insights - Jabil Inc. reported stronger-than-expected fiscal second-quarter 2026 results, with adjusted earnings per share of $2.69, surpassing the analyst consensus estimate of $2.51 [1] - The company's quarterly net revenue was $8.28 billion, a decrease of 23.1% year-over-year, but still exceeded the analyst consensus estimate of $7.74 billion [1] Financial Outlook - For fiscal third-quarter 2026, Jabil expects net revenue between $8.100 billion and $8.900 billion, compared to the analyst estimate of $8.037 billion, and adjusted EPS of $2.83 to $3.23 against the consensus estimate of $2.89 [2] - The company raised its full-year fiscal 2026 net revenue forecast to $34 billion, up from the prior forecast of $32.40 billion, while the analyst consensus is $32.71 billion [2] Stock Performance and Analyst Ratings - Following the earnings announcement, Jabil shares rose 0.1% to $258.67 [3] - Analysts have adjusted their price targets for Jabil, with Stifel raising it from $255 to $290, B of A Securities from $280 to $295, and Baird from $275 to $281, all maintaining a positive outlook on the stock [4]