Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
JBL delivered strong Q1 FY2026 results with revenue surging 18.7% YoY to $8.3B and net income jumping 46% to $146M, driven by robust top-line growth and improved operating leverage, though the balance sheet shows elevated leverage and a current ratio below 1.
Revenue
$8.3B
+18.74% YoY
EPS (Diluted)
$1.35
+53.41% YoY
Gross Margin
8.9%
+0.3 pts YoY
Operating Income
$283M
+43.65% YoY
Source: SEC XBRL
Jabil (JBL) reported Q1 FY2026 revenue of $8.3B, up 18.7% year over year. Operating margin was 3.4%, up 0.6 points from 2.8% a year earlier. Operating cash flow was $323M, up 3.5% year over year. JBL's fiscal Q1 FY2026 corresponds to calendar Q4 2025.
Last 4 quarters: 4 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026 | 3.16 | 3.13 | Beat +0.9% |
| Mar 2026 | 2.69 | 2.53 | Beat +6.2% |
| Dec 2025This filing | 2.85 | 2.73 | Beat +4.5% |
| Sep 2025 | 3.29 | 2.95 | Beat +11.5% |
Adjusted (non-GAAP) EPS of $2.85 versus the $2.73 analyst consensus — a +4.5% beat for Dec 2025. Analyst consensus is quoted on the adjusted (non-GAAP) basis the street uses. GAAP diluted EPS for this quarter was $1.35.
Compiled by AI from this SEC filing
Revenue grew 18.7% YoY to $8.305B in Q1 FY2026 from $6.994B in Q1 FY2025, reflecting broad-based demand strength and expanded customer engagements in JBL's manufacturing services segments.
Source: 10-Q Income Statement, XBRL Financial Data
Operating income rose 43.7% YoY to $283M, outpacing revenue growth of 18.7%, as operating margin expanded approximately 60 basis points to 3.41% from 2.82%, indicating improved cost efficiency and favorable business mix.
Source: 10-Q Income Statement, XBRL Financial Data
Diluted EPS surged 53.4% YoY to $1.35 from $0.88, with the outsized gain relative to net income growth (46%) reflecting the impact of JBL's aggressive share repurchase program of $300M in Q1 FY2026, up 29.3% from $232M a year ago.
Source: 10-Q Income Statement & Cash Flow Statement, XBRL Financial Data
Gross margin edged up approximately 27 basis points to 8.93% from 8.66%, consistent with JBL's asset-light, high-volume contract manufacturing model where thin margins are typical; cost of revenue grew 18.4%, slightly below revenue growth of 18.7%.
Source: 10-Q Income Statement, XBRL Financial Data
JBL deployed $300M in share buybacks and $10M in dividends during Q1 FY2026, resulting in financing cash outflows of $503M, which contributed to a $486M decline in cash and equivalents YoY to $1.572B.
Source: 10-Q Cash Flow Statement, XBRL Financial Data
Compiled by AI from this SEC filing · 2 high, 3 medium, 0 low
JBL's debt-to-equity ratio stands at an elevated 13.34x, with total liabilities of $17.929B against stockholders' equity of only $1.344B (down 15.6% YoY). This high leverage limits financial flexibility and increases vulnerability to interest rate changes or revenue downturns.
Source: 10-Q Balance Sheet, XBRL Financial Data
JBL's current ratio of 0.989 means current liabilities of $14.548B slightly exceed current assets of $14.384B, signaling potential short-term liquidity stress. Current liabilities grew 17.0% YoY, significantly faster than current assets at 8.7%, widening this gap.
Source: 10-Q Balance Sheet, XBRL Financial Data
Cash and equivalents fell 23.6% YoY to $1.572B, driven by $300M in buybacks and elevated investing outflows of $180M. If operating cash flow generation slows, the company may face constraints in funding operations or servicing debt.
Source: 10-Q Balance Sheet & Cash Flow Statement, XBRL Financial Data
Net margin of 1.76% means JBL retains less than $0.02 of every dollar of revenue as profit. Any unexpected cost increases, customer concentration issues, or supply chain disruptions could rapidly erode profitability given the narrow margin buffer.
Source: 10-Q Income Statement, XBRL Financial Data
Depreciation and amortization surged 46.7% YoY to $267M, suggesting significant recent capital expenditures that are now flowing through the income statement. If these investments do not generate commensurate revenue growth, returns on assets (currently 0.76%) could deteriorate further.
Source: 10-Q Cash Flow Statement, XBRL Financial Data
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $B | 8.31 $B | 6.99 $B | +18.74% |
Cost of Revenue $B | 7.56 $B | 6.39 $B | +18.39% |
Gross Profit $M | 742.00 $M | 606.00 $M | +22.44% |
Operating Income $M | 283.00 $M | 197.00 $M | +43.65% |
Net Income $M | 146.00 $M | 100.00 $M | +46.00% |
EPS (Basic) $ | 1.37 $ | 0.89 $ | +53.93% |
EPS (Diluted) $ | 1.35 $ | 0.88 $ | +53.41% |
R&D Expense $M | 7.00 $M | 8.00 $M | -12.50% |
SG&A Expense $M | 344.00 $M | 305.00 $M | +12.79% |
Answers draw on this SEC filing and the data on this page
JBL delivered strong Q3 FY2026 results with revenue rising 11.8% YoY to $8.75B and net income surging 23.9% to $275M, driven by gross margin expansion to 9.5%, though leverage remains elevated with a debt-to-equity ratio of 17.0x.
JBL delivered a strong Q2 FY2026 with revenue surging 23.1% YoY to $8.28B and net income nearly doubling to $223M, driven by robust top-line growth and meaningful margin expansion.
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