01—Abstract
Summary
Summary of the 8-K filed September 25, 2025. Cited figures are marked; the original filing is the authoritative source.
Jabil Inc. (NYSE: JBL) furnished a press release dated September 25, 2025 reporting preliminary, unaudited results for its fourth quarter and fiscal year ended August 31, 2025.
For the fourth quarter, net revenue was $8.3 billiona (8,252 million), U.S. GAAP operating income was $337 million, U.S. GAAP diluted EPS was $1.99, core operating income (non-GAAP) was $519 million, and core diluted EPS (non-GAAP) was $3.29. For fiscal 2025, net revenue was $29.8 billion (29,802 million), U.S. GAAP operating income was $1.2 billion, U.S. GAAP diluted EPS was $5.92, core operating income was $1.6 billion, and core diluted EPS was $9.75. Management attributed the year's performance to AI-driven demand across capital equipment, data centers and networking, offset by pressures in Automotive and Renewables and portfolio actions in Connected Living & Digital Commerce.
For fiscal 2026, management guided to first-quarter net revenue of $7.7 billion to $8.3 billionb, U.S. GAAP diluted EPS of $1.27 to $1.84, and core diluted EPS of $2.47 to $2.87. For the full year, the company expects net revenue of approximately $31.3 billion, a core operating margin of 5.6%, core diluted EPS of $11.00, and adjusted free cash flow greater than $1.3 billion.
Fiscal 2025 adjusted free cash flow was $1,318 millionc, compared with $1,055 million in fiscal 2024. The release notes that the figures are preliminary and may differ once final results are completed.
02—Key points
Key Highlights
- Q4 FY2025 net revenue of $8.3 billion; U.S. GAAP diluted EPS of $1.99 versus core diluted EPS of $3.29
- Fiscal 2025 net revenue of $29.8 billion, up from $28.9 billion in fiscal 2024; U.S. GAAP diluted EPS of $5.92 and core diluted EPS of $9.75
- Q4 loss from divestiture of businesses of $98 million, primarily a pre-tax loss of $97 million on the divestiture of Italy operations
- Fiscal 2025 operating cash flow of $1,640 million and adjusted free cash flow of $1,318 million
- Q1 FY2026 guidance: net revenue of $7.7 billion to $8.3 billion and core diluted EPS of $2.47 to $2.87
- FY2026 outlook: net revenue of approximately $31.3 billion, core operating margin of 5.6%, core diluted EPS of $11.00, and adjusted free cash flow above $1.3 billion
- Fiscal 2025 treasury stock purchases of $1,000 million, down from $2,500 million in fiscal 2024
03—Questions
Frequently Asked Questions
Are these fiscal 2025 results final?
No. The release describes them as preliminary and unaudited, and states that the company's final results for the fourth quarter and full fiscal year 2025 may differ from the current preliminary figures.
What drove performance in fiscal 2025?
Management cited strength in AI-driven demand across capital equipment, data centers and networking, partly offset by pressures in Automotive and Renewables and deliberate portfolio actions in Connected Living & Digital Commerce.
How does GAAP EPS differ from core EPS?
Core diluted EPS excludes items such as amortization of intangibles, stock-based compensation, restructuring, severance and related charges, and divestiture-related losses. For fiscal 2025, U.S. GAAP diluted EPS was $5.92 compared with core diluted EPS of $9.75.
What is the company's outlook for fiscal 2026?
Jabil expects net revenue of approximately $31.3 billion, a core operating margin of 5.6%, core diluted EPS of $11.00, and adjusted free cash flow greater than $1.3 billion. For the first quarter, it guides to net revenue of $7.7 billion to $8.3 billion and core diluted EPS of $2.47 to $2.87.
What were the fiscal 2025 cash flow and capital return figures?
Net cash provided by operating activities was $1,640 million and adjusted free cash flow (non-GAAP) was $1,318 million. The company paid $1,000 million to acquire treasury stock and $36 million in dividends.
04—Continue