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.
来源: 10-Q Income Statement
该报告暂无中文版，以下为英文版分析。
按公开的固定规则计算，不是模型的主观判断——但其中一项输入（高等级风险的条数）取自下方的 AI 分析。
非投资建议，也不是目标价——评的是本季基本面，不是股价。 完整方法论 →
AI核心结论
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.
营收
87.51亿美元
同比 +11.79%
每股收益（稀释）
2.59美元
同比 +27.59%
毛利率
9.5%
同比 +0.8 个百分点
营业利润
4.45亿美元
同比 +10.42%
SEC XBRL 原值
Jabil (JBL) Q3 FY2026 营收 87.51亿美元，同比增长 11.8%。 营业利润率 5.1%，与去年同期基本持平。 JBL 的财年 Q3 FY2026 对应日历 Q2 2026。
近 4 个季度：4 次超预期
| 季度 | 实际 EPS（美元） | 市场预期（美元） | 结果 |
|---|---|---|---|
| 2026年6月本次财报 | 3.16 | 3.13 | 超预期 +0.9% |
| 2026年3月 | 2.69 | 2.53 | 超预期 +6.2% |
| 2025年12月 | 2.85 | 2.73 | 超预期 +4.5% |
| 2025年9月 | 3.29 | 2.95 | 超预期 +11.5% |
2026年6月 调整后（非 GAAP） EPS 3.16美元，分析师一致预期 3.13美元，超预期 +0.9%。 分析师一致预期按市场通行的调整后（非 GAAP）口径。本季 GAAP 稀释每股收益为 2.59美元。
由 AI 基于本次 SEC 报告整理
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.
来源: 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.
来源: 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.
来源: 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.
来源: 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.
来源: 10-Q Cash Flow Statement
由 AI 基于本次 SEC 报告整理 · 高 2 中 3 低 0
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.
来源: 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.
来源: 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.
来源: 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.
来源: 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.
来源: 10-Q Balance Sheet
| 指标 | 当期 | 上期 | 同比变化 |
|---|---|---|---|
营收 亿美元 | 87.51 亿美元 | 78.28 亿美元 | +11.79% |
营业成本 亿美元 | 79.23 亿美元 | 71.47 亿美元 | +10.86% |
毛利润 亿美元 | 8.28 亿美元 | 6.81 亿美元 | +21.59% |
营业利润 亿美元 | 4.45 亿美元 | 4.03 亿美元 | +10.42% |
净利润 亿美元 | 2.75 亿美元 | 2.22 亿美元 | +23.87% |
每股收益（基本） 美元 | 2.61 美元 | 2.05 美元 | +27.32% |
每股收益（稀释） 美元 | 2.59 美元 | 2.03 美元 | +27.59% |
研发费用 万美元 | 900.00 万美元 | 700.00 万美元 | +28.57% |
销售及管理费用 亿美元 | 3.40 亿美元 | 2.74 亿美元 | +24.09% |
答案基于本次 SEC 报告与本页数据