01—Abstract
Summary
Summary of the 10-Q filed June 30, 2026. Cited figures are marked; the original filing is the authoritative source.
Jabil Inc. reported net revenue of $8,751 milliona for the three months ended May 31, 2026, up from $7,828 million a year earlier, and $25,338 million for the nine months, up from $21,550 million.
Gross profit was $828 millionb for the quarter versus $681 million, and operating income was $445 million versus $403 million. Net income attributable to Jabil Inc. was $275 million for the quarter ($2.59 diluted EPS) versus $222 million ($2.03) a year earlier. For the nine months, net income attributable to Jabil was $644 million, or $6.01 diluted EPS, compared with $439 million and $3.94.
Management's non-GAAP core earnings per diluted share were $3.16c for the quarter and $8.70 for the nine months. The Intelligent Infrastructure segment drove much of the growth, with its net revenue rising 21% in the quarter and 41% over the nine months, while the Connected Living and Digital Commerce segment declined 5% over the nine months. Balance sheet and cash flow shifted over the period.
Cash and cash equivalents fell to $1,360 milliond from $1,933 million at August 31, 2025. Accounts payable rose to $11,908 million from $7,937 million, and accounts receivable rose to $5,473 million from $4,039 million. Total debt, including current installments, was $3,378 million, up from $2,885 million, following the January 2026 issuance of $500 million of 4.200% Senior Notes due 2029 and $500 million of 4.750% Senior Notes due 2033, which were used partly to repay $500 million of 1.700% Senior Notes due April 2026.
Net cash provided by operating activities was $1,269 million for the nine months, compared with $1,052 million a year earlier. The company spent $891 million on share repurchases and had $109 million remaining under its 2026 Share Repurchase Program. Total equity was $1,327 million at May 31, 2026.
During the period, Jabil completed the acquisitions of Hanley Energy Group for $752 million cash consideration and Rebound Technologies Group Holdings for $133 million cash consideration. Goodwill increased to $1,228 million from $841 million. The company also began receiving refunds of IEEPA tariffs previously paid after the U.S. Supreme Court struck down those tariffs, and management stated the refunds did not have a material impact on results.
02—Key points
Key Highlights
- Net revenue rose to $8,751 million in the quarter ended May 31, 2026, from $7,828 million a year earlier, and to $25,338 million for the nine months from $21,550 million.
- Diluted EPS was $2.59 for the quarter versus $2.03 a year earlier; nine-month diluted EPS was $6.01 versus $3.94. Non-GAAP diluted core EPS was $3.16 for the quarter and $8.70 for the nine months.
- Intelligent Infrastructure segment net revenue increased 21% in the quarter and 41% for the nine months, driven primarily by cloud and data center infrastructure and networking and communications customers.
- Accounts payable increased to $11,908 million from $7,937 million at August 31, 2025, and the cash conversion cycle (sales cycle) was 5 days in the quarter versus 24 days a year earlier.
- Total notes payable and long-term debt rose to $3,378 million from $2,885 million after new 4.200% and 4.750% Senior Notes were issued in January 2026; cash and cash equivalents declined to $1,360 million from $1,933 million.
- The company completed the Hanley Energy Group ($752 million) and Rebound Technologies ($133 million) acquisitions, raising goodwill to $1,228 million from $841 million.
- Share repurchases totaled $891 million under the 2026 program, with $109 million remaining authorization as of May 31, 2026.
03—One dollar
Follow one dollar
Of each $1.00 of revenue in Q3 FY2026, Jabil kept $0.03.
- Revenue$8.75B100.0%
- Cost of revenue−$7.92B90.5%
- Gross profit$828.0M9.5%
- Operating costs−$383.0M4.4%
- Operating income$445.0M5.1%
- Interest, other & tax−$170.0M1.9%
- Net income$275.0M3.1%
04—Financials
Financial Highlights
Figures from 10-QQ3 FY2026filed June 30, 2026Financial Statements
Q3 FY2026 against Q3 FY2025
| Line item | Q3 FY2026Q3 FY2025 | Change |
|---|---|---|
| Revenue | $8.75B$7.83B | +11.8% |
| Cost of Revenue | $7.92B$7.15B | +10.9% |
| Gross Profit | $828.00M$681.00M | +21.6% |
| R&D Expenses | $9.00M$7.00M | +28.6% |
| SG&A Expenses | $340.00M$274.00M | +24.1% |
| Operating Income | $445.00M$403.00M | +10.4% |
| Net Income | $275.00M$222.00M | +23.9% |
| EPS (Basic) | $2.61$2.05 | +27.3% |
| EPS (Diluted) | $2.59$2.03 | +27.6% |
| Shares Outstanding (Basic) | 105.30M108.00M | −2.5% |
| Shares Outstanding (Diluted) | 106.50M109.30M | −2.6% |
05—Questions
Frequently Asked Questions
How did Jabil perform in the quarter ended May 31, 2026?
Net revenue was $8,751 million, up from $7,828 million a year earlier. Operating income was $445 million versus $403 million, and net income attributable to Jabil Inc. was $275 million versus $222 million. Diluted EPS was $2.59 compared with $2.03.
What drove the revenue growth?
The filing attributes the growth mainly to the Intelligent Infrastructure segment, whose net revenue rose 21% in the quarter, led by a 10% increase from networking and communications customers and an 8% increase from cloud and data center infrastructure customers. Regulated Industries rose 4% and Connected Living and Digital Commerce rose 5% in the quarter.
How did the balance sheet and cash position change?
Cash and cash equivalents fell to $1,360 million from $1,933 million at August 31, 2025. Accounts payable increased to $11,908 million from $7,937 million and accounts receivable to $5,473 million from $4,039 million. Total debt increased to $3,378 million from $2,885 million after January 2026 note issuances.
What acquisitions did Jabil complete and what were their effects?
Jabil acquired Hanley Energy Group on January 2, 2026, for $752 million cash consideration, serving data center infrastructure, and Rebound Technologies on September 1, 2025, for $133 million cash consideration. Both were allocated to the Intelligent Infrastructure segment, and goodwill increased to $1,228 million.
What is the company's capital return activity and outlook for capital expenditures?
Jabil spent $891 million on share repurchases through the 2026 program, which had $109 million remaining as of May 31, 2026. The company expects to continue regular quarterly dividends of an amount similar to past declarations, subject to Board approval. For fiscal 2026 it anticipates net capital expenditures of 1.0% to 1.5% of net revenue.
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