Jabil Posts Fourth Quarter and Fiscal Year 2026 Results
Today, Jabil Inc. (NYSE: JBL), reported preliminary, unaudited financial results for its fourth quarter and fiscal year ended August 31, 2026.
“We delivered a fourth quarter that exceeded our expectations, closing an exceptional fiscal 2026 in which we grew revenue 21%, expanded core operating margin 40 basis points and generated more than $1.5 billion in adjusted free cash flow,” said CEO Mike Dastoor. “Our teams supported significant growth in AI infrastructure, delivered strong performance across several other end markets and brought critical new capacity online. These results reflect the progress we’ve made in moving up the value chain, taking on more of our customers’ engineering and manufacturing complexity while maintaining an asset-light model. I’m proud of our teams and the stronger business we’re building together.”
•Net revenue $10.6 billion to $11.4 billion •U.S. GAAP operating income $481 million to $541 million •U.S. GAAP diluted earnings per share $2.78 to $3.18 per diluted share •Core operating income (Non-GAAP)(1) $592 million to $652 million •Core diluted earnings per share $3.80 to $4.20 per diluted share (Non-GAAP)(1)
(1) Core operating income and core diluted earnings per share exclude anticipated adjustments of $24 million for amortization of intangibles (or $0.21 per diluted share) and $62 million for stock-based compensation expense and related charges (or $0.58 per diluted share) and $25 million (or $0.23 per diluted share) for restructuring, severance and related charges.
“Our fiscal 2027 outlook reflects the strength of Jabil’s diversified portfolio, with accelerating AI demand complemented by solid growth in automotive, healthcare, energy infrastructure, defense and aerospace, and warehouse and retail automation,” Dastoor continued. “This breadth of growth, together with expanding customer relationships and committed business supporting our new capacity, gives us confidence in the year ahead. We expect revenue of $44.5 billion, up 24%, core operating margin expansion of 30 basis points to 6.1%, core diluted earnings per share growth of 34% to $17.55, and adjusted free cash flow of approximately $1.6 billion. As customers turn to Jabil for more of their engineering, supply chain and manufacturing needs, we see significant opportunities to sustain profitable growth, invest in our capabilities and return substantial capital to shareholders.”
•Net revenue $44.5 billion •Core operating margin (Non-GAAP) 6.1% •Core diluted earnings per share (Non-GAAP) $17.55 per diluted share •Adjusted free cash flow (Non-GAAP) ~$1.6 billion
: “U.S. GAAP” means U.S. generally accepted accounting principles. Jabil defines core operating income as U.S. GAAP operating income less amortization of intangibles, stock-based compensation expense and related charges, restructuring, severance and related charges, distressed customer charges, loss on disposal of subsidiaries, settlement of receivables and related charges, impairment of notes receivable and related charges, goodwill impairment charges, business interruption and impairment charges, net, (gain) loss from the divestiture of businesses, acquisition and divestiture related charges, plus other components of net periodic benefit cost. Jabil defines core earnings as core operating income, less loss on debt extinguishment, loss (gain) on securities, other components of net periodic benefit cost, income (loss) from discontinued operations, gain (loss) on sale of discontinued operations and certain other expenses, net of tax and certain deferred tax valuation allowance charges. Jabil defines core diluted earnings per share as core earnings divided by the weighted average number of outstanding diluted shares as determined under U.S. GAAP. Jabil defines adjusted free cash flow as net cash provided by (used in) operating activities less net capital expenditures (acquisition of property, plant and equipment less proceeds and advances from sale of property, plant and equipment). Jabil reports core operating income, core earnings, core diluted earnings per share and adjusted free cash flow to provide investors an additional method for assessing operating income, earnings, diluted earnings per share and free cash flow from what it believes are its core manufacturing operations. See the accompanying reconciliation of Jabil’s core operating income to its U.S. GAAP operating income, its calculation of core earnings and core diluted earnings per share to its U.S. GAAP net income and U.S. GAAP earnings per share and additional information in the supplemental information.)
Forward Looking Statements: This release contains forward-looking statements, including those regarding our anticipated financial results for our fourth quarter and full fiscal year 2026 and our guidance for future financial performance in our first quarter of fiscal year 2027 (including, net revenue, U.S. GAAP operating income, U.S. GAAP diluted earnings per share, core operating income (Non-GAAP), core diluted earnings per share (Non-GAAP) results and the components thereof, including but not limited to amortization of intangibles, stock-based compensation expense and related charges and restructuring, severance and related charges); and our full year 2027 (including net revenue, core operating margin (Non-GAAP), core diluted earnings per share (Non-GAAP), the components thereof and adjusted free cash flow (Non-GAAP)). The statements in this release are based on current expectations, forecasts and assumptions involving risks and uncertainties that could cause actual outcomes and results to differ materially from our current expectations. Such factors include, but are not limited to: our determination as we finalize our financial results for our fourth quarter and full fiscal year 2026 that our financial results and conditions differ from our current preliminary unaudited numbers set forth herein; scheduling production, managing growth and capital expenditures and maximizing the efficiency of our manufacturing capacity effectively; managing rapid declines or increases in customer demand and other related customer challenges that may occur; our dependence on a limited number of customers; our ability to purchase components efficiently and reliance on a limited number of suppliers for critical components; risks arising from relationships with emerging companies; changes in technology and competition in our industry; our ability to introduce new business models or programs requiring implementation of new competencies; competition; transportation issues; our ability to maintain our engineering, technological and manufacturing expertise; retaining key personnel; risks associated with international sales and operations, including geopolitical uncertainties; energy price increases or shortages; our ability to achieve expected profitability from acquisitions; risk arising from our restructuring activities; issues involving our information systems, including security issues; regulatory risks (including the expense of complying, or failing to comply, with applicable regulations; risk arising from design or manufacturing defects; risk arising from compliance, or failure to comply, with environmental, health and safety laws or regulations; risk arising from litigation; and intellectual property risk); financial risks (including customers or suppliers who become financially troubled; turmoil in financial markets; tax risks; credit rating risks; risks of exposure to debt; currency fluctuations; and asset impairment); changes in financial accounting standards or policies; risk of natural disaster, climate change or other global events; and risks arising from expectations relating to environmental, social and governance considerations. Additional factors that could cause such differences can be found in our Annual Report on Form 10-K for the fiscal year ended August 31, 2025 and our other filings with the Securities and Exchange Commission. We assume no obligation to update these forward-looking statements.
Supplemental Information Regarding Non-GAAP Financial Measures: Jabil provides supplemental, non-GAAP financial measures in this release to facilitate evaluation of Jabil’s core operating performance. These non-GAAP measures exclude certain amounts that are included in the most directly comparable U.S. GAAP measures, do not have standard meanings and may vary from the non-GAAP financial measures used by other companies. Management believes these “core” financial measures are useful measures that facilitate evaluation of the past and future performance of Jabil’s ongoing operations on a comparable basis.
Jabil reports core operating income, core earnings, core diluted earnings per share and adjusted free cash flows to provide investors an additional method for assessing operating income, earnings, earnings per share and free cash flow from what it believes are its core manufacturing operations. Among other uses, management uses non-GAAP financial measures to make operating decisions, assess business performance and as a factor in determining certain employee performance when determining incentive compensation.
The Company uses an annual normalized tax rate (“normalized core tax rate”) for the computation of the non-GAAP (core) income tax provision to provide better consistency across reporting periods. In estimating the normalized core tax rate annually, the Company utilizes a full-year financial projection of core earnings that considers the mix of earnings across tax jurisdictions, existing tax positions, and other significant tax matters. The Company may adjust the normalized core tax rate during the year for material impacts from new tax legislation or material changes to the Company’s operations.
Detailed definitions of certain of the core financial measures are included above under “Definitions” and a reconciliation of the disclosed core financial measures to the most directly comparable U.S. GAAP financial measures is included under the heading “Supplemental Data” at the end of this release.
Meeting and Replay Information: Jabil will hold a conference call today at 8:30 a.m. ET to discuss its earnings for the fourth quarter and full fiscal year ended August 31, 2026 and to provide an investor briefing. To access the live audio webcast and view the accompanying slide presentation, visit the Investor Relations section of Jabil’s website, located at https://investors.jabil.com. An archived replay of the webcast will also be available after completion of the call.
About Jabil: At Jabil (NYSE: JBL), we are proud to be a trusted partner for the world’s top brands, offering comprehensive engineering, supply chain, and manufacturing solutions. With 60 years of experience across industries and a vast network of over 100 sites worldwide, Jabil combines global reach with local expertise to deliver both scalable and customized solutions. Our commitment extends beyond business success as we strive to build sustainable processes that minimize environmental impact and foster vibrant and diverse communities around the globe. Discover more at www.jabil.com.
August 31, 2026 (unaudited) August 31, 2025 ────────────────────────────────────────────────────────────────────────────── ASSETS Current assets: Cash and cash $ 1,739 $ 1,933 equivalents Accounts receivable, 6,513 4,039 net Contract assets 1,296 1,057 Inventories, net 7,413 4,681 Prepaid expenses and other current 4,559 2,010 assets Total current assets 21,520 13,720 Property, plant and 3,005 2,847 equipment, net Operating lease 614 462 right-of-use assets Goodwill and 1,828 1,114 intangible assets, net Deferred income taxes 178 141 Other assets 290 259 Total assets $ 27,435 $ 18,543 LIABILITIES AND EQUITY Current liabilities: Current installments of notes payable $ 499 $ 499 and long-term debt Accounts payable 14,444 7,937 Accrued expenses 6,619 5,185 Current operating 111 93 lease liabilities Total current 21,673 13,714 liabilities Notes payable and long-term debt, less 2,880 2,386 current installments Other liabilities 421 345 Non-current operating 530 388 lease liabilities Income tax liabilities 170 113 Deferred income taxes 144 80 Total liabilities 25,818 17,026 Commitments and contingencies Equity: Jabil Inc. stockholders’ equity: Preferred stock — — Common stock — — Additional paid-in 3,255 3,047 capital Retained earnings 7,390 6,382 Accumulated other -12 -17 comprehensive loss Treasury stock, at -9,020 -7,899 cost Total Jabil Inc. 1,613 1,513 stockholders’ equity Noncontrolling 4 4 interests Total equity 1,617 1,517 Total liabilities and $ 27,435 $ 18,543 equity
Fiscal Year Ended August 31, 2026 August 31, 2025 ────────────────────────────────────────────────────────────────────────────── Cash flows from operating activities: Net income $ 1,040 $ 657 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and 681 674 amortization Restructuring and related 47 88 charges Recognition of stock-based compensation 140 107 expense and related charges Deferred income -21 -124 taxes Loss from the divestiture of 1 53 businesses Other, net -24 -2 Change in operating assets and liabilities, exclusive of net assets acquired:
Accounts -2,394 -504 receivable Contract assets -221 22 Inventories -2,681 -431 Prepaid expenses and other -2,538 -310 current assets Other assets -12 -16 Accounts payable, accrued expenses and 7,984 1,426 other liabilities Net cash provided by 2,002 1,640 operating activities Cash flows from investing activities: Acquisition of property, plant -628 -468 and equipment Proceeds and advances from sale of 158 146 property, plant and equipment Cash paid for business and intangible -852 -392 asset acquisitions, net of cash Proceeds from the divestiture of — 7 businesses, net of cash Other, net -13 -7 Net cash used in investing -1,335 -714 activities Cash flows from financing activities: Borrowings under 2,773 1,844 debt agreements Payments toward -2,528 -1,986 debt agreements Payments to acquire treasury -1,060 -1,000 stock Dividends paid -35 -36 to stockholders Net proceeds from exercise of stock options and issuance of 74 62 common stock under employee stock purchase plan Treasury stock minimum tax withholding -67 -42 related to vesting of restricted stock Other, net -23 -46 Net cash used in financing -866 -1,204 activities Effect of exchange rate changes on cash 5 10 and cash equivalents Net decrease in cash and cash -194 -268 equivalents Cash and cash equivalents at 1,933 2,201 beginning of period Cash and cash equivalents at $ 1,739 $ 1,933 end of period
(1) Charges recorded during the three months and fiscal year ended August 31, 2026, relate to targeted restructuring activities to optimize our cost structure and improve operational efficiencies. Charges recorded during the three months and fiscal year ended August 31, 2025, primarily related to the 2025 Restructuring Plan.
(2) Charges recorded during the fiscal year ended August 31, 2025, related primarily to costs associated with damage from Hurricanes Helene and Milton, which impacted our operations in St. Petersburg, Florida and Asheville and Hendersonville, North Carolina.
(3) Charges recorded during the three months and fiscal year ended August 31, 2025, related primarily to a pre-tax loss of $97 million recognized for the divestiture of our operations in Italy. Additionally, certain post-closing adjustments associated with the divestiture of the Mobility Business were realized during the fiscal year ended August 31, 2025, which resulted in the recognition of a $54 million pre-tax gain.
(4) Charges recorded during the fiscal year ended August 31, 2026, include $8 million of gains on forward foreign exchange contracts in connection with the acquisition of Hanley Energy Group.
(5) Charges recorded during the fiscal year ended August 31, 2025, related to an impairment of an investment in Preferred Stock.
Full text with the tables
Exhibit 99.1
Jabil Posts Fourth Quarter and Fiscal Year 2026 Results
Provides Strong Fiscal 2027 Outlook
ST. PETERSBURG, Fla. – September 30, 2026
–
Today, Jabil Inc. (NYSE: JBL), reported preliminary, unaudited financial results
for its fourth quarter and fiscal year ended August 31, 2026.
“We delivered a fourth quarter that exceeded our expectations, closing an
exceptional fiscal 2026 in which we grew revenue 21%, expanded core operating
margin 40 basis points and generated more than $1.5 billion in adjusted free
cash flow,” said CEO Mike Dastoor. “Our teams supported significant growth in AI
infrastructure, delivered strong performance across several other end markets
and brought critical new capacity online. These results reflect the progress
we’ve made in moving up the value chain, taking on more of our customers’
engineering and manufacturing complexity while maintaining an asset-light model.
I’m proud of our teams and the stronger business we’re building together.”
Fourth Quarter of Fiscal Year 2026 Highlights:
• Net revenue: $10.6 billion
• U.S. GAAP operating income: $602 million
• U.S. GAAP diluted earnings per share: $3.76
• Core operating income (Non-GAAP): $675 million
• Core diluted earnings per share (Non-GAAP): $4.40
Fiscal Year 2026 Highlights:
• Net revenue: $36.0 billion
• U.S. GAAP operating income: $1.7 billion
• U.S. GAAP diluted earnings per share: $9.75
• Core operating income (Non-GAAP): $2.1 billion
• Core diluted earnings per share (Non-GAAP): $13.09
First Quarter of Fiscal Year 2027 Outlook:
•Net revenue $10.6 billion to $11.4 billion
•U.S. GAAP operating income $481 million to $541 million
•U.S. GAAP diluted earnings per share $2.78 to $3.18 per diluted share
•Core operating income (Non-GAAP)(1) $592 million to $652 million
•Core diluted earnings per share $3.80 to $4.20 per diluted share
(Non-GAAP)(1)
(1) Core operating income and core diluted earnings per share exclude
anticipated adjustments of $24 million for amortization of intangibles (or $0.21
per diluted share) and $62 million for stock-based compensation expense and
related charges (or $0.58 per diluted share) and $25 million (or $0.23 per
diluted share) for restructuring, severance and related charges.
“Our fiscal 2027 outlook reflects the strength of Jabil’s diversified portfolio,
with accelerating AI demand complemented by solid growth in automotive,
healthcare, energy infrastructure, defense and aerospace, and warehouse and
retail automation,” Dastoor continued. “This breadth of growth, together with
expanding customer relationships and committed business supporting our new
capacity, gives us confidence in the year ahead. We expect revenue of $44.5
billion, up 24%, core operating margin expansion of 30 basis points to 6.1%,
core diluted earnings per share growth of 34% to $17.55, and adjusted free cash
flow of approximately $1.6 billion. As customers turn to Jabil for more of their
engineering, supply chain and manufacturing needs, we see significant
opportunities to sustain profitable growth, invest in our capabilities and
return substantial capital to shareholders.”
Fiscal Year 2027 Outlook:
•Net revenue $44.5 billion
•Core operating margin (Non-GAAP) 6.1%
•Core diluted earnings per share (Non-GAAP) $17.55 per diluted share
•Adjusted free cash flow (Non-GAAP) ~$1.6 billion
(
Definitions
: “U.S. GAAP” means U.S. generally accepted accounting principles. Jabil defines
core operating income as U.S. GAAP operating income less amortization of
intangibles, stock-based compensation expense and related charges,
restructuring, severance and related charges, distressed customer charges, loss
on disposal of subsidiaries, settlement of receivables and related charges,
impairment of notes receivable and related charges, goodwill impairment charges,
business interruption and impairment charges, net, (gain) loss from the
divestiture of businesses, acquisition and divestiture related charges, plus
other components of net periodic benefit cost. Jabil defines core earnings as
core operating income, less loss on debt extinguishment, loss (gain) on
securities, other components of net periodic benefit cost, income (loss) from
discontinued operations, gain (loss) on sale of discontinued operations and
certain other expenses, net of tax and certain deferred tax valuation allowance
charges. Jabil defines core diluted earnings per share as core earnings divided
by the weighted average number of outstanding diluted shares as determined under
U.S. GAAP. Jabil defines adjusted free cash flow as net cash provided by (used
in) operating activities less net capital expenditures (acquisition of property,
plant and equipment less proceeds and advances from sale of property, plant and
equipment). Jabil reports core operating income, core earnings, core diluted
earnings per share and adjusted free cash flow to provide investors an
additional method for assessing operating income, earnings, diluted earnings per
share and free cash flow from what it believes are its core manufacturing
operations. See the accompanying reconciliation of Jabil’s core operating income
to its U.S. GAAP operating income, its calculation of core earnings and core
diluted earnings per share to its U.S. GAAP net income and U.S. GAAP earnings
per share and additional information in the supplemental information.)
Forward Looking Statements: This release contains forward-looking statements,
including those regarding our anticipated financial results for our fourth
quarter and full fiscal year 2026 and our guidance for future financial
performance in our first quarter of fiscal year 2027 (including, net revenue,
U.S. GAAP operating income, U.S. GAAP diluted earnings per share, core operating
income (Non-GAAP), core diluted earnings per share (Non-GAAP) results and the
components thereof, including but not limited to amortization of intangibles,
stock-based compensation expense and related charges and restructuring,
severance and related charges); and our full year 2027 (including net revenue,
core operating margin (Non-GAAP), core diluted earnings per share (Non-GAAP),
the components thereof and adjusted free cash flow (Non-GAAP)). The statements
in this release are based on current expectations, forecasts and assumptions
involving risks and uncertainties that could cause actual outcomes and results
to differ materially from our current expectations. Such factors include, but
are not limited to: our determination as we finalize our financial results for
our fourth quarter and full fiscal year 2026 that our financial results and
conditions differ from our current preliminary unaudited numbers set forth
herein; scheduling production, managing growth and capital expenditures and
maximizing the efficiency of our manufacturing capacity effectively; managing
rapid declines or increases in customer demand and other related customer
challenges that may occur; our dependence on a limited number of customers; our
ability to purchase components efficiently and reliance on a limited number of
suppliers for critical components; risks arising from relationships with
emerging companies; changes in technology and competition in our industry; our
ability to introduce new business models or programs requiring implementation of
new competencies; competition; transportation issues; our ability to maintain
our engineering, technological and manufacturing expertise; retaining key
personnel; risks associated with international sales and operations, including
geopolitical uncertainties; energy price increases or shortages; our ability to
achieve expected profitability from acquisitions; risk arising from our
restructuring activities; issues involving our information systems, including
security issues; regulatory risks (including the expense of complying, or
failing to comply, with applicable regulations; risk arising from design or
manufacturing defects; risk arising from compliance, or failure to comply, with
environmental, health and safety laws or regulations; risk arising from
litigation; and intellectual property risk); financial risks (including
customers or suppliers who become financially troubled; turmoil in financial
markets; tax risks; credit rating risks; risks of exposure to debt; currency
fluctuations; and asset impairment); changes in financial accounting standards
or policies; risk of natural disaster, climate change or other global events;
and risks arising from expectations relating to environmental, social and
governance considerations. Additional factors that could cause such differences
can be found in our Annual Report on Form 10-K for the fiscal year ended August
31, 2025 and our other filings with the Securities and Exchange Commission. We
assume no obligation to update these forward-looking statements.
Supplemental Information Regarding Non-GAAP Financial Measures: Jabil provides
supplemental, non-GAAP financial measures in this release to facilitate
evaluation of Jabil’s core operating performance. These non-GAAP measures
exclude certain amounts that are included in the most directly comparable U.S.
GAAP measures, do not have standard meanings and may vary from the non-GAAP
financial measures used by other companies. Management believes these “core”
financial measures are useful measures that facilitate evaluation of the past
and future performance of Jabil’s ongoing operations on a comparable basis.
Jabil reports core operating income, core earnings, core diluted earnings per
share and adjusted free cash flows to provide investors an additional method for
assessing operating income, earnings, earnings per share and free cash flow from
what it believes are its core manufacturing operations. Among other uses,
management uses non-GAAP financial measures to make operating decisions, assess
business performance and as a factor in determining certain employee performance
when determining incentive compensation.
The Company uses an annual normalized tax rate (“normalized core tax rate”) for
the computation of the non-GAAP (core) income tax provision to provide better
consistency across reporting periods. In estimating the normalized core tax rate
annually, the Company utilizes a full-year financial projection of core earnings
that considers the mix of earnings across tax jurisdictions, existing tax
positions, and other significant tax matters. The Company may adjust the
normalized core tax rate during the year for material impacts from new tax
legislation or material changes to the Company’s operations.
Detailed definitions of certain of the core financial measures are included
above under “Definitions” and a reconciliation of the disclosed core financial
measures to the most directly comparable U.S. GAAP financial measures is
included under the heading “Supplemental Data” at the end of this release.
Meeting and Replay Information: Jabil will hold a conference call today at 8:30
a.m. ET to discuss its earnings for the fourth quarter and full fiscal year
ended August 31, 2026 and to provide an investor briefing. To access the live
audio webcast and view the accompanying slide presentation, visit the Investor
Relations section of Jabil’s website, located at https://investors.jabil.com. An
archived replay of the webcast will also be available after completion of the
call.
About Jabil: At Jabil (NYSE: JBL), we are proud to be a trusted partner for the
world’s top brands, offering comprehensive engineering, supply chain, and
manufacturing solutions. With 60 years of experience across industries and a
vast network of over 100 sites worldwide, Jabil combines global reach with local
expertise to deliver both scalable and customized solutions. Our commitment
extends beyond business success as we strive to build sustainable processes that
minimize environmental impact and foster vibrant and diverse communities around
the globe. Discover more at www.jabil.com.
Investor Contact
Adam Berry
Senior Vice President, Investor Relations and Corporate Affairs
adam_berry@jabil.com
Media Contact
Timur Aydin
Senior Director, Enterprise Marketing and Communications
publicrelations@jabil.com
JABIL INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(in millions)
August 31, 2026
(unaudited) August 31, 2025
──────────────────────────────────────────────────────────────────────────────
ASSETS
Current assets:
Cash and cash $ 1,739 $ 1,933
equivalents
Accounts receivable, 6,513 4,039
net
Contract assets 1,296 1,057
Inventories, net 7,413 4,681
Prepaid expenses and
other current 4,559 2,010
assets
Total current assets 21,520 13,720
Property, plant and 3,005 2,847
equipment, net
Operating lease 614 462
right-of-use assets
Goodwill and 1,828 1,114
intangible assets, net
Deferred income taxes 178 141
Other assets 290 259
Total assets $ 27,435 $ 18,543
LIABILITIES AND EQUITY
Current liabilities:
Current installments
of notes payable $ 499 $ 499
and long-term debt
Accounts payable 14,444 7,937
Accrued expenses 6,619 5,185
Current operating 111 93
lease liabilities
Total current 21,673 13,714
liabilities
Notes payable and
long-term debt, less 2,880 2,386
current installments
Other liabilities 421 345
Non-current operating 530 388
lease liabilities
Income tax liabilities 170 113
Deferred income taxes 144 80
Total liabilities 25,818 17,026
Commitments and
contingencies
Equity:
Jabil Inc.
stockholders’ equity:
Preferred stock — —
Common stock — —
Additional paid-in 3,255 3,047
capital
Retained earnings 7,390 6,382
Accumulated other -12 -17
comprehensive loss
Treasury stock, at -9,020 -7,899
cost
Total Jabil Inc. 1,613 1,513
stockholders’ equity
Noncontrolling 4 4
interests
Total equity 1,617 1,517
Total liabilities and $ 27,435 $ 18,543
equity
JABIL INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in millions, except for per share data)
(Unaudited)
Three August August Fiscal August
Months 31, 31, Year 31, August
Ended 2026 2025 Ended 2026 31, 2025
──────────────────────────────────────────────────────────────────────────────
Net $ 10,616 $ 8,252 $ 35,954 $ 29,802
reven…
Cost
of 9,615 7,469 32,637 27,156
reven…
Gross 1,001 783 3,317 2,646
profit
Opera…
expen…
Selli…
gener… 324 264 1,222 1,015
and
admin…
Stock…
compe…
expen… 25 23 140 107
and
relat…
charg…
Resea…
and 7 4 30 26
devel…
Amort…
of 24 17 89 62
intan…
Restr…
sever…
and 9 37 97 181
relat…
charg…
Loss
from
the — 98 1 53
dives…
of
busin…
Acqui…
and
dives… 10 3 34 20
relat…
charg…
Opera… 602 337 1,704 1,182
income
Loss
on — — — 46
secur…
Inter…
and 80 58 296 244
other,
net
Income
before 522 279 1,408 892
income
tax
Income
tax 125 61 368 235
expen…
Net 397 218 1,040 657
income
Net
loss
attri…
to -1 — -2 —
nonco…
inter…
net of
tax
Net
income
attri… $ 398 $ 218 $ 1,042 $ 657
to
Jabil
Inc.
Earni…
per
share
attri…
to the
stock…
of
Jabil
Inc.:
Basic $ 3.80 $ 2.03 $ 9.86 $ 6.00
Dilut… $ 3.76 $ 1.99 $ 9.75 $ 5.92
Weigh…
avera…
shares
outst…
Basic 104.8 107.5 105.8 109.5
Dilut… 106.0 109.2 106.9 110.9
JABIL INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in millions)
(Unaudited)
Fiscal Year Ended August 31, 2026 August 31, 2025
──────────────────────────────────────────────────────────────────────────────
Cash flows from
operating
activities:
Net income $ 1,040 $ 657
Adjustments to
reconcile net
income to
net cash
provided by
operating
activities:
Depreciation and 681 674
amortization
Restructuring
and related 47 88
charges
Recognition of
stock-based
compensation 140 107
expense and
related charges
Deferred income -21 -124
taxes
Loss from the
divestiture of 1 53
businesses
Other, net -24 -2
Change in
operating assets
and
liabilities,
exclusive of net
assets
acquired:
Accounts -2,394 -504
receivable
Contract assets -221 22
Inventories -2,681 -431
Prepaid expenses
and other -2,538 -310
current
assets
Other assets -12 -16
Accounts
payable, accrued
expenses and 7,984 1,426
other
liabilities
Net cash
provided by 2,002 1,640
operating
activities
Cash flows from
investing
activities:
Acquisition of
property, plant -628 -468
and
equipment
Proceeds and
advances from
sale of 158 146
property, plant
and equipment
Cash paid for
business and
intangible -852 -392
asset
acquisitions,
net of cash
Proceeds from
the divestiture
of — 7
businesses, net
of cash
Other, net -13 -7
Net cash used in
investing -1,335 -714
activities
Cash flows from
financing
activities:
Borrowings under 2,773 1,844
debt agreements
Payments toward -2,528 -1,986
debt agreements
Payments to
acquire treasury -1,060 -1,000
stock
Dividends paid -35 -36
to stockholders
Net proceeds
from exercise of
stock
options and
issuance of 74 62
common stock
under employee
stock purchase
plan
Treasury stock
minimum tax
withholding -67 -42
related to
vesting of
restricted stock
Other, net -23 -46
Net cash used in
financing -866 -1,204
activities
Effect of
exchange rate
changes on cash 5 10
and cash
equivalents
Net decrease in
cash and cash -194 -268
equivalents
Cash and cash
equivalents at 1,933 2,201
beginning
of period
Cash and cash
equivalents at $ 1,739 $ 1,933
end of
period
JABIL INC. AND SUBSIDIARIES
SUPPLEMENTAL DATA
RECONCILIATION OF U.S. GAAP FINANCIAL RESULTS TO NON-GAAP MEASURES
(in millions, except for per share data)
(Unaudited)
Three August Augu… Fiscal Augu… August
Mont… 31, 31, Year 31, 31,
Ended 2026 2025 Ended 2026 2025
──────────────────────────────────────────────────────────────────────────────
Net $ 10,616 $ 8,252 $ 35,9… $ 29,802
reve…
Oper…
inco… $ 602 $ 337 $ 1,704 $ 1,182
(U.S.
GAAP)
Amor…
of 24 17 89 62
inta…
Stoc…
comp…
expe… 25 23 140 107
and
rela…
char…
Rest…
seve…
and 9 37 97 181
rela…
char…
Net
peri… 5 6 4 7
bene…
cost
Busi…
inte…
and — -2 — 8
impa…
char…
net(…
Loss
from
the — 98 1 53
dive…
of
busi…
Acqu…
and
dive… 10 3 34 20
rela…
char…
Adju…
to 73 182 365 438
oper…
inco…
Core
oper… $ 675 $ 519 $ 2,069 $ 1,620
inco…
(Non…
Oper…
marg… 5.7 % 4.1 % 4.7 % 4.0 %
(U.S.
GAAP)
Core
oper… 6.4 % 6.3 % 5.8 % 5.4 %
marg…
(Non…
Net
inco…
attr…
to $ 398 $ 218 $ 1,042 $ 657
Jabil
Inc.
(U.S.
GAAP)
Adju…
to 73 182 365 438
oper…
inco…
Loss
on — — — 46
secu…
Net
peri… -5 -6 -4 -7
bene…
cost
Adju…
for — -34 -4 -52
taxes
Core
earn… $ 466 $ 360 $ 1,399 $ 1,082
(Non…
Dilu…
earn…
per $ 3.76 $ 1.99 $ 9.75 $ 5.92
share
(U.S.
GAAP)
Dilu…
core
earn… $ 4.40 $ 3.29 $ 13.09 $ 9.75
per
share
(Non…
Dilu…
weig…
aver…
shar…
outs… 106.0 109.2 106.9 110.9
(U.S.
GAAP
and
Non-…
(1) Charges recorded during the three months and fiscal year ended August 31,
2026, relate to targeted restructuring activities to optimize our cost structure
and improve operational efficiencies. Charges recorded during the three months
and fiscal year ended August 31, 2025, primarily related to the 2025
Restructuring Plan.
(2) Charges recorded during the fiscal year ended August 31, 2025, related
primarily to costs associated with damage from Hurricanes Helene and Milton,
which impacted our operations in St. Petersburg, Florida and Asheville and
Hendersonville, North Carolina.
(3) Charges recorded during the three months and fiscal year ended August 31,
2025, related primarily to a pre-tax loss of $97 million recognized for the
divestiture of our operations in Italy. Additionally, certain post-closing
adjustments associated with the divestiture of the Mobility Business were
realized during the fiscal year ended August 31, 2025, which resulted in the
recognition of a $54 million pre-tax gain.
(4) Charges recorded during the fiscal year ended August 31, 2026, include $8
million of gains on forward foreign exchange contracts in connection with the
acquisition of Hanley Energy Group.
(5) Charges recorded during the fiscal year ended August 31, 2025, related to an
impairment of an investment in Preferred Stock.
JABIL INC. AND SUBSIDIARIES
SUPPLEMENTAL DATA
ADJUSTED FREE CASH FLOW
(in millions)
(Unaudited)
Fiscal Year Ended August 31, 2026 August 31, 2025
──────────────────────────────────────────────────────────────────────────────
Net cash
provided by
operating $ 2,002 $ 1,640
activities (U.S.
GAAP)
Acquisition of
property, plant
and -628 -468
equipment
(“PP&E”)
Proceeds and
advances from 158 146
sale of PP&E
Adjusted free
cash flow $ 1,532 $ 1,318
(Non-GAAP)