01—Abstract
Summary
Summary of the 8-K filed December 17, 2025. Cited figures are marked; the original filing is the authoritative source.
Jabil Inc. issued a press release on December 17, 2025, furnished as Exhibit 99.1 under Item 2.02, reporting preliminary, unaudited results for its first fiscal quarter of 2026 ended November 30, 2025, and raising its fiscal 2026 outlook.
For the quarter, net revenue was $8.3 billiona (compared with $6.99 billion a year earlier), U.S. GAAP operating income was $283 million, U.S. GAAP diluted EPS was $1.35, core operating income (non-GAAP) was $454 million, and core diluted EPS (non-GAAP) was $2.85. CEO Mike Dastoor said Intelligent Infrastructure remains a major growth engine, and that Regulated Industries and Connected Living & Digital Commerce also performed better than anticipated. For the second fiscal quarter of 2026, Jabil guided to net revenue of $7.5 billion to $8.0 billion, U.S. GAAP operating income of $312 million to $382 million, and core diluted EPS of $2.27 to $2.67.
For full fiscal year 2026, the company expects net revenue of $32.4 billionb, a core operating margin of 5.7%, core diluted EPS of $11.55, and adjusted free cash flow of $1.3 billion or more. The guidance is subject to the forward-looking risk factors listed, including the anticipated closing of the Hanley Energy Group acquisition and the possibility that final first-quarter results differ from the preliminary figures. Balance sheet and cash flow data show cash and cash equivalents of $1.57 billion at November 30, 2025, down from $1.93 billion at August 31, 2025.
Operating cash flow for the quarter was $323 millionc, and adjusted free cash flow (non-GAAP) was $272 million. The company repurchased $300 million of treasury stock during the quarter.
02—Key points
Key Highlights
- Q1 FY2026 net revenue of $8.3 billion, up from $6.99 billion in the prior-year quarter.
- U.S. GAAP operating income of $283 million and U.S. GAAP diluted EPS of $1.35; core operating income of $454 million and core diluted EPS of $2.85 (non-GAAP).
- Fiscal 2026 outlook raised for revenue, core operating margin, and core EPS, now $32.4 billion in net revenue, 5.7% core operating margin, and $11.55 core diluted EPS.
- Q2 FY2026 guidance: net revenue of $7.5 billion to $8.0 billion and core diluted EPS of $2.27 to $2.67.
- Adjusted free cash flow (non-GAAP) of $272 million in the quarter; full-year target of $1.3 billion or more.
- Cash and cash equivalents declined to $1.57 billion from $1.93 billion at August 31, 2025, with $300 million spent on treasury stock repurchases.
- Q2 guidance includes restructuring, severance and related charges of $25 million to $15 million, and the Hanley Energy Group acquisition is pending.
03—Questions
Frequently Asked Questions
How did Jabil perform in the first fiscal quarter of 2026?
Jabil reported net revenue of $8.3 billion, U.S. GAAP operating income of $283 million, and U.S. GAAP diluted EPS of $1.35. On a non-GAAP basis, core operating income was $454 million and core diluted EPS was $2.85. The results are preliminary and unaudited.
What did Jabil change in its fiscal 2026 outlook?
The press release is titled 'Raises Fiscal 2026 Outlook.' The company now expects fiscal 2026 net revenue of $32.4 billion, a core operating margin of 5.7%, core diluted EPS of $11.55, and adjusted free cash flow of $1.3 billion or more.
What guidance did Jabil give for the second fiscal quarter of 2026?
Jabil expects second-quarter net revenue of $7.5 billion to $8.0 billion, U.S. GAAP operating income of $312 million to $382 million, U.S. GAAP diluted EPS of $1.70 to $2.19, core operating income of $375 million to $435 million, and core diluted EPS of $2.27 to $2.67.
What factors could cause the results or outlook to differ?
The filing cites the possibility that final first-quarter results differ from the preliminary unaudited numbers, the timing or completion of the Hanley Energy Group acquisition, customer demand volatility, dependence on a limited number of customers and suppliers, geopolitical risks, and other factors described in its Form 10-K for the fiscal year ended August 31, 2025.
How did Jabil's cash position and cash flow look this quarter?
Operating cash flow was $323 million and adjusted free cash flow was $272 million. Cash and cash equivalents fell to $1.57 billion from $1.93 billion at August 31, 2025, reflecting $300 million in treasury stock purchases and $328 million in debt payments, partly offset by $200 million in new borrowings.
04—Continue