Jabil Rallies 11% After Strong Q3 Beat and Upgraded 2025 Outlook

Shares of Jabil (NYSE:JBL) surged over 11% intra-day today following a robust third-quarter earnings report that topped expectations and came with an upbeat full-year forecast. The electronics manufacturing firm continues to gain traction in high-growth tech segments despite headwinds in some areas.

For the quarter, Jabil reported adjusted earnings of $2.55 per share, well above the $2.29 anticipated by analysts. Revenue reached $7.8 billion, exceeding the $7.03 billion consensus and improving from $7.4 billion in the same period last year.

The company credited its strong results to solid execution in sectors such as cloud computing, data center infrastructure, and capital equipment. However, it did flag weaker performance in electric vehicles, renewable energy, and 5G as areas of concern.

CEO Mike Dastoor highlighted the Intelligent Infrastructure division as a key growth driver, fueled by rising demand linked to artificial intelligence technologies.

Looking ahead, Jabil issued fourth-quarter guidance calling for adjusted earnings between $2.64 and $3.04 per share on revenue ranging from $7.1 billion to $7.8 billion. For fiscal 2025, the company raised its outlook, now targeting $9.33 in core EPS and $29 billion in annual revenue. It also expects to generate more than $1.2 billion in adjusted free cash flow, reinforcing confidence in its long-term strategy.