Revenue Growth Acceleration
Revenue grew 11.8% YoY to $8.75B in Q3 FY2026, up from $7.83B in the prior-year period, reflecting strong demand across JBL's manufacturing services segments and continued customer ramp-ups.
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 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.
Revenue
$8.75B
+11.79% YoY
EPS (Diluted)
$2.59
+27.59% YoY
Gross Margin
9.5%
+0.8 pts YoY
Operating Income
$445M
+10.42% YoY
Source: SEC XBRL
Jabil (JBL) reported Q3 FY2026 revenue of $8.75B, up 11.8% year over year. Operating margin was 5.1%, essentially unchanged from a year earlier. JBL's fiscal Q3 FY2026 corresponds to calendar Q2 2026.
Last 4 quarters: 4 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026This filing | 3.16 | 3.13 | Beat +0.9% |
| Mar 2026 | 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 $3.16 versus the $3.13 analyst consensus — a +0.9% beat for Jun 2026. Analyst consensus is quoted on the adjusted (non-GAAP) basis the street uses. GAAP diluted EPS for this quarter was $2.59.
Compiled by AI from this SEC filing
Revenue grew 11.8% YoY to $8.75B in Q3 FY2026, up from $7.83B in the prior-year period, reflecting strong demand across JBL's manufacturing services segments and continued customer ramp-ups.
Source: 10-Q Income Statement
Gross margin improved 76 basis points YoY to 9.46%, with gross profit rising 21.6% to $828M, outpacing revenue growth and indicating improved operational efficiency and mix shift toward higher-value services.
Source: 10-Q Income Statement / Key Ratios
SG&A expenses rose 24.1% YoY to $340M, growing faster than revenue, which partially offset gross margin gains and kept operating margin essentially flat at 5.09% versus 5.15% in the prior year.
Source: 10-Q Income Statement
Cumulative fiscal year-to-date operating cash flow reached $1.27B, up 20.6% from $1.05B in the same prior-year period, supported by $645M in D&A, demonstrating solid cash generation capacity.
Source: 10-Q Cash Flow Statement
Year-to-date investing cash outflows nearly doubled to -$1.15B (vs. -$578M prior year), while the company returned $891M via share buybacks and $27M in dividends YTD, reflecting active capital allocation despite higher investment spending.
Source: 10-Q Cash Flow Statement
Compiled by AI from this SEC filing · 2 high, 3 medium, 0 low
JBL's debt-to-equity ratio stands at an elevated 17.0x, with total liabilities of $22.49B against stockholders' equity of only $1.32B. This level of leverage amplifies financial risk and limits flexibility in a rising interest rate or demand downturn environment.
Source: 10-Q Balance Sheet / Key Ratios
Current liabilities of $18.51B exceed current assets of $18.16B, resulting in a current ratio of 0.98x — below the 1.0x threshold. This indicates JBL's short-term obligations are not fully covered by liquid assets, posing potential liquidity risk.
Source: 10-Q Balance Sheet / Key Ratios
Total assets grew 28.1% YoY to $23.82B while stockholders' equity grew only 3.0% to $1.32B, meaning nearly all asset growth was debt-funded. A significant portion of current assets ($18.16B) may include receivables and inventory subject to customer concentration or demand volatility.
Source: 10-Q Balance Sheet
SG&A expenses grew 24.1% YoY versus revenue growth of 11.8%, compressing operating leverage and keeping operating margin essentially flat despite meaningful gross margin improvement. Sustained SG&A inflation could erode profitability if revenue growth moderates.
Source: 10-Q Income Statement
Cash and equivalents fell 10.7% YoY to $1.36B while long-term debt rose 17.1% to $3.38B, indicating the company is increasingly reliant on debt financing. This trend, if continued, could increase interest expense and reduce financial flexibility.
Source: 10-Q Balance Sheet
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $B | 8.75 $B | 7.83 $B | +11.79% |
Cost of Revenue $B | 7.92 $B | 7.15 $B | +10.86% |
Gross Profit $M | 828.00 $M | 681.00 $M | +21.59% |
Operating Income $M | 445.00 $M | 403.00 $M | +10.42% |
Net Income $M | 275.00 $M | 222.00 $M | +23.87% |
EPS (Basic) $ | 2.61 $ | 2.05 $ | +27.32% |
EPS (Diluted) $ | 2.59 $ | 2.03 $ | +27.59% |
R&D Expense $M | 9.00 $M | 7.00 $M | +28.57% |
SG&A Expense $M | 340.00 $M | 274.00 $M | +24.09% |
Answers draw on this SEC filing and the data on this page
Expected release date, analyst estimates & what to watch
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.
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.
Other companies in Electronic Manufacturing Services