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In the second quarter of fiscal year 2025, Jabil Inc. (NYSE: JBL) delivered an impressive performance, exceeding market expectations. The company reported net revenue of $6.7 billion, reflecting its robust operational capabilities. This performance is attributed to the strength in its capital equipment, cloud, and data center infrastructure sectors, as well as digital commerce end-markets.
Operating income under U.S. GAAP was $245 million, with diluted earnings per share at $1.06. On a non-GAAP basis, core operating income was $334 million, and core diluted earnings per share reached $1.94. CEO Mike Dastoor expressed satisfaction with the results, highlighting the company’s ability to adapt to evolving geopolitical situations. He emphasized Jabil’s strategic position as a U.S.-domiciled manufacturing service provider, which is increasingly valued by customers.
Jabil Reports Better than Expected Results for Second Quarter
Jabil’s Q2 performance significantly outpaced market expectations. Analysts had anticipated earnings per share of $1.83 and revenue of $6.41 billion. However, the company reported actual earnings per share of $1.94 on a non-GAAP basis, and revenue of $6.7 billion.
The company’s ability to exceed expectations is largely due to its focus on high-growth sectors and its strategic investments in technology and infrastructure. The robust demand in capital equipment and cloud services contributed to this outperformance. Additionally, the company’s focus on cost management and operational excellence played a crucial role in achieving these results.
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Jabil Posts Optimistic Guidance for Q3 FY’25
Looking ahead, Jabil has provided optimistic guidance for the third quarter of fiscal year 2025. The company anticipates net revenue to range between $6.7 billion and $7.3 billion. U.S. GAAP operating income is expected to be between $282 million and $352 million, with diluted earnings per share projected to be between $1.50 and $1.99.
On a non-GAAP basis, core operating income is expected to range from $348 million to $408 million, with core diluted earnings per share projected between $2.08 and $2.48.
For the full fiscal year 2025, Jabil has set a revenue target of $27.9 billion. The company also projects a core operating margin of 5.4% and core diluted earnings per share of $8.95. Adjusted free cash flow is anticipated to exceed $1.2 billion.
Disclaimer: The author does not hold or have a position in any securities discussed in the article. All stock prices were quoted at the time of writing.
About the author
Tim Fries is the cofounder of The Tokenist. He has a B. Sc. in Mechanical Engineering from the University of Michigan, and an MBA from the University of Chicago Booth School of Business. Tim served as a Senior Associate on the investment team at RW Baird’s US Private Equity division, and is also the co-founder of Protective Technologies Capital, an investment firm specializing in sensing, protection and control solutions.
