Jabil (JBL) Q2 2026 earnings summary

Executive summary

• Q2 FY2026 results exceeded expectations in revenue, core operating margin, and core EPS, driven by broad-based strength across Intelligent Infrastructure, Regulated Industries, and Digital Commerce segments.

• Net revenue for Q2 FY2026 reached $8.3 billion, up 23% year-over-year, with strong performance in Intelligent Infrastructure and Regulated Industries offsetting declines in Connected Living & Digital Commerce.

• The company raised its full-year FY2026 outlook for revenue and core EPS, reflecting confidence in the second half and a focus on profitable growth, margin expansion, and strong cash generation.

Financial highlights

• Q2 FY2026 net revenue was $8.3 billion, surpassing guidance and up from $7.5 billion in Q2 FY2025.

• Core operating income reached $436 million (core margin 5.3%), with GAAP operating income at $374 million.

• Core diluted EPS was $2.69; GAAP diluted EPS was $2.08.

• Adjusted free cash flow for Q2 was $360 million; cash flow from operations was $411 million.

• Ended Q2 with $1.8 billion in cash and repurchased $300 million in shares.

Outlook and guidance

• Q3 FY2026 net revenue guidance: $8.1–$8.9 billion.

• Q3 core operating income guidance: $452–$512 million; GAAP operating income: $398–$458 million.

• Q3 core diluted EPS expected at $2.83–$3.23; GAAP diluted EPS at $2.36–$2.76.

• FY2026 outlook: net revenue $34 billion, core operating margin 5.7%, core diluted EPS $12.25, adjusted free cash flow over $1.3 billion.