Jabil (JBL) Q1 2026 earnings summary

Executive summary

• Q1 FY26 net revenue reached $8.3 billion, up 19% year-over-year, with strong growth in Intelligent Infrastructure and Regulated Industries, and all segments exceeding expectations.

• Core operating income was $454 million with a 5.5% margin; core diluted EPS was $2.85, both at the upper end of guidance and up from the prior year.

• Net income attributable to shareholders was $146 million, up from $100 million year-over-year; GAAP diluted EPS was $1.35.

• AI-related demand, new program wins, and recent acquisitions, including Hanley Energy and Rebound Technologies, fueled significant growth and expanded capabilities.

• FY26 outlook was raised for revenue, margins, and EPS, reflecting broad-based momentum and strong execution.

Financial highlights

• Q1 net revenue was $8.3 billion, up from $7.0 billion year-over-year.

• Core operating income reached $454 million; GAAP operating income was $283 million.

• Core diluted EPS was $2.85; GAAP diluted EPS was $1.35.

• Adjusted free cash flow for Q1 was $272 million; cash flow from operations was $323 million.

• Ended Q1 with $1.6 billion in cash and net debt to core EBITDA of 1.2x.

Outlook and guidance

• FY26 revenue guidance raised to $32.4 billion, up $1.1 billion from prior outlook.

• Core operating margin expected at 5.7%; core EPS now expected at $11.55; adjusted free cash flow for FY26 expected to exceed $1.3 billion.

• Q2 revenue expected between $7.5–$8 billion; core EPS between $2.27–$2.67.

• Capital expenditures for FY26 expected at 1.5–2% of revenue.

• Guidance includes anticipated closing of Hanley Energy acquisition in January 2026.