Jabil (NYSE: 
JBL), forecast annual revenue and profit above Wall Street estimates on Wednesday, as the electronic component maker looks to capitalize on artificial intelligence-driven demand for data centers, sending its shares up more than 5.8% in premarket trade.
It expects full-year 2026 revenues of $32.4 billion, above analysts' average expectations of $31.52 billion, according to data compiled by LSEG.
On an adjusted basis, it expects annual profit per share of $11.55, versus expectations of $11.11.
Rising investments in data center infrastructure, driven by strong demand for computing capacity to support AI technologies, have aided companies like Jabil.
The company, which supplies electronic components to Apple (AAPL.O), opens new tab, also surpassed Street expectations for its first-quarter results.
First-quarter revenue rose 18.74% to $8.30 billion, surpassing estimates of $8.09 billion, as per data compiled by LSEG.
Adjusted profit per share for the quarter ended November 30 was $2.85, while analysts expected $2.70.
Technical Outlook
As of the time of writing,JBL stock is up 0.42% in Thursday's premarket trading. if the stock should break the $230 resistant zone a bullish surge to $300 is feasible amidst RSI at 50 giving the stock more room to capitalise on the dip.
According to 9 analysts, the average rating for JBL stock is "Strong Buy." The 12-month stock price target is $229.56, which is an increase of 6.13% from the latest price.
JBL), forecast annual revenue and profit above Wall Street estimates on Wednesday, as the electronic component maker looks to capitalize on artificial intelligence-driven demand for data centers, sending its shares up more than 5.8% in premarket trade.It expects full-year 2026 revenues of $32.4 billion, above analysts' average expectations of $31.52 billion, according to data compiled by LSEG.
On an adjusted basis, it expects annual profit per share of $11.55, versus expectations of $11.11.
Rising investments in data center infrastructure, driven by strong demand for computing capacity to support AI technologies, have aided companies like Jabil.
The company, which supplies electronic components to Apple (AAPL.O), opens new tab, also surpassed Street expectations for its first-quarter results.
First-quarter revenue rose 18.74% to $8.30 billion, surpassing estimates of $8.09 billion, as per data compiled by LSEG.
Adjusted profit per share for the quarter ended November 30 was $2.85, while analysts expected $2.70.
Technical Outlook
As of the time of writing,
JBL stock is up 0.42% in Thursday's premarket trading. if the stock should break the $230 resistant zone a bullish surge to $300 is feasible amidst RSI at 50 giving the stock more room to capitalise on the dip. According to 9 analysts, the average rating for JBL stock is "Strong Buy." The 12-month stock price target is $229.56, which is an increase of 6.13% from the latest price.
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Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.