Jabil Circuit Inc (JBL)
🔔 Watch stock
symbol.quality_heading
The business works in principle, but one material question is open. As long as it stays open, our findings do not carry a quality verdict.
Whoever buys today is betting that the AI boom runs long, the big customer stays loyal and the thin-margin volume turns into real margin over the years — and pays roughly 45 times trailing earnings and 29 times book for it. Whoever waits may miss the next AI wave but can check every quarterly report (10-Q) for whether the decisive things happen: a rising gross margin, a shrinking customer concentration and profit growth that keeps pace with revenue growth. The decision is yours.
symbol.quality_note
Jabil builds the servers, racks and cooling gear of the AI boom on behalf of others — and shows up in our in-house "Joshua" growth scanner (data as of July 17, 2026). We read the annual reports (10-K) for fiscal years 2024 and 2025 and the quarterly reports (10-Q) through May 31, 2026: an AI segment whose share of revenue climbed from 32 to 47 percent, a gross margin around 9 percent, a single customer at 16 percent of revenue inside that very AI segment, an equity base of just $1.3 billion against $23.8 billion in total assets — and a stock that has roughly tripled since early 2025. Not investment advice — just the question of whether the shovel is worth the price of the gold vein.
Read the analysis
Stock Watch
This analysis is as of July 17, 2026. Stock Watch will tell you what's changed at JBL since then.
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Appears in These Scanners
This stock currently matches 16 of our scanner strategies — each hit links to the scanner.
Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. View all scanners
Trading Day
Key levels of the most recently completed trading day — not a live quote.
52-Week Range
Current price 315.10 $ — 64% of the range above the low.
Lowest and highest closing price over the last 52 weeks. The marker shows where the current price sits within that range: close to the high speaks for strength, close to the low for weakness.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 08/03/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
Quality & Screener
AI Rating
Uses AIJabil setzt KI laut Geschäftsbericht 10-K für das Geschäftsjahr 2025 operativ im eigenen Geschäft ein: KI-gestützte Einkaufs- und Steuerungsplattformen („procurement intelligence platforms and AI-driven orchestration systems“) in der eigenen Lieferkette sowie maschinelles Lernen und KI als Bestandteil der differenzierten Fertigungsdienstleistungen. Eigene KI-Umsätze weist der Konzern nicht aus. Die starke KI-Nachfrage im Segment Intelligent Infrastructure ist Endmarkt-Belieferung (Auftragsfertigung von KI-Infrastruktur-Hardware für Kunden) und begründet keine „verkauft“-Einstufung — Endmarkt-Belieferung allein ist kein eigener KI-Einsatz. Vorrang-Prüfung: keine eigenen KI-Produkte als Umsatzquelle (kein „verkauft“); Risk Factors nennen KI nicht als konkrete Bedrohung des eigenen Geschäftsmodells (kein „bedroht“); dokumentierter operativer Eigen-Einsatz → „nutzt“.
View the full file — quotes, sources, reviewed filings
„These capabilities include procurement intelligence platforms and AI-driven orchestration systems that deliver real-time data insights to support cost management, inventory optimization, and risk mitigation across global supply networks."
Zu diesen Fähigkeiten gehören Einkaufs-Intelligenz-Plattformen und KI-gestützte Orchestrierungssysteme, die Echtzeit-Dateneinblicke liefern, um Kostenmanagement, Bestandsoptimierung und Risikominderung über globale Liefernetzwerke hinweg zu unterstützen.
„If we are unable to offer technologically advanced, cost effective, quick response manufacturing services that are differentiated from our competition (including utilization of machine learning and artificial intelligence) and adapt those services as our customers’ requirements change, demand for our services will decline."
Wenn wir nicht in der Lage sind, technologisch fortschrittliche, kosteneffiziente und schnell reagierende Fertigungsdienstleistungen anzubieten, die sich vom Wettbewerb abheben (einschließlich des Einsatzes von maschinellem Lernen und künstlicher Intelligenz), und diese Dienstleistungen an sich ändernde Kundenanforderungen anzupassen, wird die Nachfrage nach unseren Dienstleistungen zurückgehen.
Rated on July 17, 2026 · How the Rating Is Built
Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.
Analysts & Price Target
The price target sits 40.1% above the current price.
- Consensus
- Sell
- Analyst Ratings
- 9
Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.
Estimates by Fiscal Year
| Fiscal Year | EPS Estimate ($) | EPS Range ($) | Revenue Estimate ($M) | Expected Growth | Analysts |
|---|---|---|---|---|---|
| 08/31/2026 | 12.76 | 12.70 – 12.86 | 35,035 | 30.9% | 10 |
| 08/31/2027 | 16.75 | 15.89 – 18.23 | 42,508 | 31.2% | 10 |
Average of the analyst estimates for the coming fiscal years. The range shows how far the most optimistic and the most cautious estimate sit apart — the wider it is, the less certain the expectation.
Next Reporting Date
- Expected Earnings per Share
- 3.86 $
Expected date of the next quarterly or annual figures. Dates do shift occasionally — only the invitation issued by the company is binding.
Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
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· Total · per year
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The figures could not be loaded right now.
Source: fundamental data
Quarterly Figures
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2025: Q1 | 1.05 | -85.60 | 6,728 | -0.60 | 1.70 | 334 | 218 |
| 2025: Q2 | 1.99 | 87.80 | 7,828 | 15.70 | 2.80 | 406 | 320 |
| 2025: Q3 | 2.00 | 68.80 | 8,252 | 18.50 | 2.60 | 588 | 419 |
| 2025: Q4 | 1.35 | 53.70 | 8,305 | 18.70 | 1.80 | 323 | 228 |
| 2026: Q1 | 2.07 | 96.80 | 8,282 | 23.10 | 2.70 | 411 | 506 |
| 2026: Q2 | 2.58 | 29.70 | 8,751 | 11.80 | 3.10 | 535 | 351 |
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Annual Figures
| Fiscal Year | Revenue ($M) | EBIT ($M) | Net Income ($M) | EPS ($) | Operating Cash Flow ($M) | Equity ($M) | Total Assets ($M) |
|---|---|---|---|---|---|---|---|
| 2016 | 18,353 | 523 | 254 | 1.32 | 916 | 2,438 | 10,323 |
| 2017 | 19,063 | 410 | 129 | 0.69 | 1,257 | 2,354 | 11,096 |
| 2018 | 22,095 | 542 | 86 | 0.49 | 934 | 1,950 | 12,046 |
| 2019 | 25,282 | 701 | 287 | 1.81 | 1,193 | 1,887 | 12,970 |
| 2020 | 27,266 | 500 | 54 | 0.35 | 1,257 | 1,811 | 14,397 |
| 2021 | 29,285 | 1,055 | 696 | 4.58 | 1,433 | 2,136 | 16,654 |
| 2022 | 33,478 | 1,393 | 996 | 6.90 | 1,651 | 2,451 | 19,717 |
| 2023 | 34,702 | 1,537 | 818 | 6.02 | 1,734 | 2,866 | 19,424 |
| 2024 | 28,883 | 2,013 | 1,388 | 11.17 | 1,716 | 1,737 | 17,351 |
| 2025 | 29,802 | 1,182 | 657 | 5.92 | 1,640 | 1,513 | 18,543 |
Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.
Assessment: Opportunities & Risks
The Intelligent Infrastructure segment grew 34 percent in fiscal year 2025 and 41 percent in the first nine months of fiscal year 2026 (cloud/data center: +31 percent); its revenue share rose from 32 to 47 percent, the tied-up assets from $3.7 to $8.8 billion — a real, documented AI boom (10-K FY 2025, 10-Q as of 05/31/2026).
Gross margin around 8.9 percent, operating margin around 5 percent, net margin around 2 percent — and per the annual report it was precisely the product mix in the AI segment that lowered the 2025 gross margin. The growth is high-volume but thin-margin: Jabil carries the materials, the factory and the people, the margin stays with the customer.
A single customer ("Customer A") accounted for 16 percent of group revenue in fiscal year 2025 — reported primarily in the AI segment; the five largest for 36 percent (10-K FY 2025, Note 14). The hottest part of the growth hangs on a few big deals.
Only $1.3 billion of equity against $23.8 billion in total assets (05/31/2026); the 66 percent return on equity is mostly a denominator effect of the thin cushion. Buybacks (113.7 → 104.8 million shares) are shareholder-friendly but work with leverage (net debt roughly 3x equity).
A trailing price-to-earnings ratio around 45, price-to-book around 29 (fundamental data, data as of July 17, 2026), market value roughly $38 billion after a rough tripling since early 2025 — for a manufacturer with a single-digit margin, a growth-star price that takes a lot of future in advance.
Jabil is an excellently run contract manufacturer that has cleverly positioned itself at the front of the AI build-out: the AI segment grows at 30 to 40 percent and now makes up nearly half of revenue. But Jabil remains a manufacturer — of every AI rack a single-digit margin is left, the hot growth even dilutes the gross margin, a single customer accounts for 16 percent of revenue, and the equity cushion is wafer-thin. At 45 times earnings the market is paying, for the shovel, the price of the gold vein. Not investment advice.
- JBL reached our research list via the "Joshua" growth scanner and twelve further trend/quality filters in our in-house stock scanner (data as of July 17, 2026); the Joshua filter classifies the stock as a growth name — what the market currently pays, not what the business earns.
- Scanner metrics (P/E, P/B, ROE, EBIT margin) are computed from trailing twelve-month figures; the Mobility one-time gain (FY 2024) has by now rolled out of the trailing numbers, while the thin equity base and the single-digit margins are baked in.
- Valuation figures are dated to July 17, 2026 (market value on the order of $38 billion); analyses are evergreen, daily prices are not a buy argument. Jabil's fiscal year ends August 31 — all quarterly references carry that fiscal-year offset.
About the Company
Jabil Inc. bietet weltweit Engineering-, Fertigungs- und Lieferkettenlösungen an.
| CEO Insider Trades (12 Mo.) | selling own stock |
|---|---|
| Employees | 135,000 |
| Headquarters | Saint Petersburg, FL |
| Address | 10800 Roosevelt Boulevard North, 33716 Saint Petersburg, United States |
| Phone | 727 577 9749 |
| Website | jabil.com |
| IPO Date | 29. Apr 1993 |
| ISIN | US4663131039 |
| Stock Split | 2:1 on 03/31/2000 |
Management
| Name | Title | Birth Year |
|---|---|---|
| Michael Dastoor | CEO & Director | 1965 |
| Gregory B. Hebard | Chief Financial Officer | 1969 |
| Andrew D. Priestley | Executive VP & Chief Operations Officer | 1972 |
| Steven D. Borges | Executive Vice President of Global Business Units | 1968 |
| Ed Bailey | CTO & SVP of Intelligent Infrastructure | – |
| May Yee Yap | Senior VP & Chief Information Officer | 1970 |
| Adam E. Berry | Senior Vice President of Investor Relations & Corporate Affairs | 1978 |
| Kristine Melachrino | Executive VP & General Counsel | 1978 |
| Gary K. Schick | Senior VP & Chief Human Resources Officer | 1970 |
| Francis G. McKay | Senior VP & Chief Supply Chain Officer | 1970 |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Insider Transactions
| Date | Person | Role | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| 18. Jul 2026 | Renno Rafael | SVP, Global Business Units | Other | 272 | 301.01 | 81,875 |
| 15. Jul 2026 | Schick Gary K. | SVP, CHRO | Sell | 232 | 320.59 | 74,377 |
| 15. Jul 2026 | Schick Gary K. | SVP, CHRO | Sell | 209 | 317.88 | 66,437 |
| 15. Jul 2026 | Schick Gary K. | SVP, CHRO | Sell | 135 | 319.11 | 43,080 |
| 15. Jul 2026 | Schick Gary K. | SVP, CHRO | Sell | 115 | 315.05 | 36,231 |
| 15. Jul 2026 | Schick Gary K. | SVP, CHRO | Sell | 89 | 316.45 | 28,164 |
| 15. Jul 2026 | Schick Gary K. | SVP, CHRO | Sell | 76 | 325.81 | 24,762 |
| 15. Jul 2026 | Schick Gary K. | SVP, CHRO | Sell | 66 | 322.06 | 21,256 |
| 15. Jul 2026 | Schick Gary K. | SVP, CHRO | Sell | 2 | 330.00 | 660 |
| 6. Jul 2026 | Crowley Matthew | EVP, Global Business Units | Sell | 94 | 345.00 | 32,430 |
Reportable transactions by officers and major shareholders from SEC Form 4 filings. "Other" includes things like stock grants and option exercises without a buy/sell character.
View all insider transactions →Chart
Interactive price chart (TradingView).
Data as of: July 31, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.