Strong Revenue Growth Across the Business
Revenue grew 23.1% YoY to $8.28B in Q2 FY2026, up from $6.73B in the prior-year period, reflecting broad-based demand strength and continued business momentum.
Source: 10-Q Income Statement
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 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.
Revenue
$8.28B
+23.10% YoY
EPS (Diluted)
$2.08
+96.23% YoY
Gross Margin
9.0%
+0.4 pts YoY
Operating Income
$374M
+52.65% YoY
Source: SEC XBRL
Jabil (JBL) reported Q2 FY2026 revenue of $8.28B, up 23.1% year over year. Operating margin was 4.5%, up 0.9 points from 3.6% a year earlier. JBL's fiscal Q2 FY2026 corresponds to calendar Q1 2026.
Last 4 quarters: 4 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026 | 3.16 | 3.13 | Beat +0.9% |
| Mar 2026This filing | 2.69 | 2.53 | Beat +6.2% |
| Dec 2025 | 2.85 | 2.73 | Beat +4.5% |
| Sep 2025 | 3.29 | 2.95 | Beat +11.5% |
Adjusted (non-GAAP) EPS of $2.69 versus the $2.53 analyst consensus — a +6.2% beat for Mar 2026. Analyst consensus is quoted on the adjusted (non-GAAP) basis the street uses. GAAP diluted EPS for this quarter was $2.08.
Compiled by AI from this SEC filing
Revenue grew 23.1% YoY to $8.28B in Q2 FY2026, up from $6.73B in the prior-year period, reflecting broad-based demand strength and continued business momentum.
Source: 10-Q Income Statement
Operating income surged 52.7% YoY to $374M, with operating margin expanding approximately 90 basis points to 4.5%, demonstrating that revenue growth is translating into disproportionately higher profitability.
Source: 10-Q Income Statement
Net income rose 90.6% YoY to $223M, and diluted EPS jumped 96.2% to $2.08 from $1.06, indicating strong bottom-line leverage and the positive impact of share repurchases reducing the share count.
Source: 10-Q Income Statement
Cumulative fiscal year-to-date operating cash flow reached $734M, up 13.6% from $646M in the same prior-year period, supporting the company's ability to fund operations, capital expenditures, and shareholder returns.
Source: 10-Q Cash Flow Statement
Investing cash outflows increased sharply to -$963M YTD (vs. -$503M prior year), while long-term debt rose 34.4% YoY to $3.88B, suggesting significant capital investment activity and increased leverage to fund growth or acquisitions.
Source: 10-Q Balance Sheet & Cash Flow Statement
Compiled by AI from this SEC filing · 3 high, 2 medium, 0 low
JBL's debt-to-equity ratio stands at an elevated 14.3x, and long-term debt increased 34.4% YoY to $3.88B. This high leverage amplifies financial risk, particularly in a rising interest rate environment, and limits financial flexibility.
Source: 10-Q Balance Sheet
Gross margin is only ~9.0% and net margin is approximately 2.7%, which is typical for electronics manufacturing services but leaves little room for error. Any cost inflation, supply chain disruption, or customer pricing pressure could quickly erode profitability.
Source: 10-Q Income Statement
Stockholders' equity of $1.34B supports $20.6B in total assets, implying the balance sheet is predominantly debt-financed. A decline in asset values or unexpected losses could rapidly impair the equity base.
Source: 10-Q Balance Sheet
The current ratio of 1.01x means current assets barely cover current liabilities of $14.8B, leaving virtually no liquidity cushion. Any disruption to receivables collection or sudden increase in short-term obligations could create a liquidity strain.
Source: 10-Q Balance Sheet
YTD investing cash outflows nearly doubled to -$963M from -$503M in the prior year, indicating a significant step-up in capital spending. If these investments do not generate expected returns, free cash flow generation could be pressured.
Source: 10-Q Cash Flow Statement
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $B | 8.28 $B | 6.73 $B | +23.10% |
Cost of Revenue $B | 7.54 $B | 6.15 $B | +22.50% |
Gross Profit $M | 746.00 $M | 576.00 $M | +29.51% |
Operating Income $M | 374.00 $M | 245.00 $M | +52.65% |
Net Income $M | 223.00 $M | 117.00 $M | +90.60% |
EPS (Basic) $ | 2.10 $ | 1.07 $ | +96.26% |
EPS (Diluted) $ | 2.08 $ | 1.06 $ | +96.23% |
R&D Expense $M | 7.00 $M | 7.00 $M | 0.00% |
SG&A Expense $M | 329.00 $M | 256.00 $M | +28.52% |
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 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.
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