| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 46 | 39.9x | 17.8x | Around median | |
Growth | 75 | 17.8% | 7.1% | Top tier | |
Quality | 78 | 21.0% | 4.5% | Top tier | |
Safety | 60 | 1.4x | 2.6x | Around median | |
Capital Return | 24 | 0.10% | 2.12% | Bottom tier | |
Momentum | 72 | 62.4% | 2.9% | Top tier | |
Sentiment | 79 | 7 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Jabil Inc. provides integrated manufacturing and engineering solutions for the intelligent infrastructure, regulated industries, connected devices, and digital commerce markets. In AI infrastructure, its capabilities span compute, storage, networking, optics, power, cooling, and rack integration, while in regulated industries it serves automotive and transportation, healthcare, packaging, and renewable energy. Its model relies on relatively capital-light manufacturing, targeting capital expenditures equal to 1.5%–2% of revenue, while expanding production capacity in line with visible customer demand and avoiding the product ownership and intellectual property risks associated with original equipment manufacturer business models.
In Q3 FY2026, revenue was approximately $8.8 billion, up 12% year over year and $250 million above the midpoint of the company's guidance. Gross profit was $828 million, representing a gross margin of approximately 9.4%, while net income reached $275 million and GAAP diluted earnings per share reached $2.59. The company also recorded operating income of $445 million and an operating margin of 5.1%, while core operating income was $504 million and the core operating margin was 5.8%.
Intelligent Infrastructure was the largest contributor to the Q3 FY2026 mix, with revenue of $4.2 billion, growth of 21%, and a core operating margin of 6.1%. Regulated Industries generated $3.2 billion, with growth of 4% and a margin of 5.6%, while Connected Devices and Digital Commerce recorded $1.4 billion, with growth of 5% and a margin of 4.9%. Operations generated $535 million in cash, and after net capital expenditures of $176 million, adjusted free cash flow totaled $359 million during the quarter.
The analyst consensus rates JBL as a “Buy,” with an average price target of $454.13 and a range of $426 to $482. The average target is approximately 5.9% above the 52-week range high of $428.93, while the annual range extends from $189.60 to $428.93, reflecting a substantial expansion in the stock's revaluation alongside accelerating AI revenue and improving margins and cash flow. However, the sensitivity of growth to hyperscale customer expansions, component availability, and the ramp-up of new capacity makes the achievement of analysts' targets dependent on continued strong execution.
Figures in the text are as of 2026-08-28; the live price is shown at the top of the page.
The largest driver is AI-related infrastructure, which Jabil expects to generate revenue of $13.6 billion in FY2026 compared with $9 billion in FY2025. This represents an increase of $4.6 billion, or approximately 50% year over year. The capabilities supporting this growth include compute, storage, networking, optics, power, cooling, and rack integration.
Management announced on the June 17, 2026 call that the win was secured during Q3 FY2026 in the data center infrastructure segment. The company expects this customer to contribute hundreds of millions of dollars in FY2027, then scale to $1 billion and above in FY2028. Jabil has not yet determined the final production location, which could be in North Carolina or another facility within its expanding global capacity.
Jabil expects revenue of between $9.2 billion and $10 billion in Q4 FY2026, equivalent to growth of approximately 16% at the midpoint of the range. It expects core operating income of between $589 million and $649 million and a core margin of approximately 6.4% at the midpoint. It also set a core diluted earnings per share range of $3.80 to $4.20, with expected Intelligent Infrastructure revenue of $4.9 billion.
Automated analysis for informational purposes only — not investment advice.
Management says Jabil's capital-light manufacturing model allows it to maintain capital expenditures within 1.5%–2% of revenue despite adding approximately 10% to its global footprint. The company generated adjusted free cash flow of $359 million in Q3 FY2026, then raised its full-year outlook to more than $1.4 billion. It ended the quarter with $1.4 billion in liquidity and a debt-to-core EBITDA ratio of 1.3 times.
The two parties aim to build a multi-gigawatt manufacturing platform in India for high-density, liquid-cooled AI racks, servers, storage, and networking. Supporting products include power distribution units, transformers, switchgear, and thermal management systems intended for hyperscale computing companies, data center operators, and enterprise customers. However, management confirmed on June 17, 2026 that no final framework was yet in place and considered FY2028 the most realistic timing for a meaningful contribution to begin.
Risks include the availability of high-bandwidth memory, high-density circuit boards, and potential shortages of DDR4 and older generations. The gradual ramp-up of facilities in North Carolina, Memphis, India, and Mexico may also cause temporary inefficiencies, particularly in Q1 FY2027. In addition, management remained cautious about volatility in automotive demand and described the Connected Devices market as mixed, despite the improved FY2026 outlook.
