Jabil Circuit IncJabil reported strong Q3 earnings beat, raised guidance, and increased AI revenue forecast, but stock fell 17.4% since earnings.

Jabil shares have dropped 17.4% since its last earnings report, underperforming the S&P 500. The company reported third-quarter fiscal 2026 core earnings of $3.16 per share, up 23.9% year over year and above the Zacks Consensus Estimate of $3.12, while net revenues rose 11.8% to $8.75 billion, exceeding the consensus of $8.63 billion. Intelligent Infrastructure revenue climbed 21% to roughly $4.2 billion, driven by AI-related cloud and data center demand, and management raised its fiscal 2026 outlook to approximately $35 billion in revenue, core operating margin of about 5.8%, and core diluted earnings per share of roughly $12.70. The company now expects AI-related revenue of approximately $13.6 billion in fiscal 2026, up from a prior forecast of $13.1 billion, and secured a third hyperscale customer during the quarter. Despite the strong results and upward estimate revisions, the stock has declined over the past month.
Jabil Circuit IncJabil reported strong Q3 earnings beat, raised guidance, and increased AI revenue forecast, but stock fell 17.4% since earnings.