Jabil forecasts upbeat full-year results on AI-driven data center demand
Jabil forecasts strong fiscal year 2026 results, projecting revenues of $31.3 billion and adjusted profit per share of $11.00, both exceeding Wall Street estimates. The electronics component maker attributes this growth to increased demand for AI-driven data centers. In its fourth quarter, Jabil reported an 18.5% revenue increase to $8.25 billion and an adjusted profit per share of $3.29, surpassing analyst expectations.
Sept 25 (Reuters) - Jabil (JBL.N) forecast profit and revenue for the fiscal year 2026 above Wall Street estimates on Thursday, as the electronics component maker banks on an artificial intelligence-driven boom for data centers.
The company, which supplies electronic components to Apple (AAPL.O) , also surpassed Street expectations for its fourth-quarter results.
An influx of capital to build data centers, driven by strong demand for computing to support AI technologies, has benefited companies like Jabil.
Jabil expects full-year 2026 revenues of $31.3 billion, above analysts’ average expectations of $30.75 billion, according to data compiled by LSEG.
It expects an adjusted profit per share of $11.00 for the year, also above estimates of $10.83.
Fourth-quarter revenue rose 18.5% to $8.25 billion, surpassing estimates of $7.59 billion. Adjusted profit per share was $3.29, while analysts expected $2.92.
