Jabil Inc. Q4 2026 Earnings Recap

Jabil shares fell 6.0% after earnings, despite a better-than-guided Q4, with the likely concern being the scale of the growth and execution still required to deliver fiscal 2027’s outlook. Inventory also remains above the company’s target range, with normalization expected to take place through the year.

Key Takeaways

• Q4 revenue was approximately $10.6 billion, up 29% year over year; core diluted EPS was $4.40, up 34%. Both exceeded the high end of guidance.
• Intelligent Infrastructure revenue rose 56% to approximately $5.8 billion, about $900 million above the June outlook, on stronger AI demand and faster capacity ramps. Segment core margin increased 60 basis points year over year to 6.5%.
• Regulated Industries revenue grew 9% to $3.4 billion. Auto and energy infrastructure were ahead of expectations, offsetting weaker healthcare and packaging results tied to equipment delays and a customer-program timing shift.
• Connected Living & Digital Commerce revenue was roughly flat year over year at approximately $1.4 billion; core operating margin was 7.1%.
• Net inventory days improved by about four sequentially to 64, but remained above the 55–60-day target range. Management expects improvement through fiscal 2027.