Jabil Beats Q4 Estimates and Raises FY27 Outlook But Stock Falls 10% on the Day

Jabil reported fiscal fourth-quarter revenue of $10.62 billion, up 29% year over year and well above the roughly $9.72 billion Wall Street had expected. Core earnings per share came in at $4.40, a 34% increase from a year earlier and ahead of the $4.08 consensus, while GAAP EPS rose 89% to $3.76. Core operating income reached $675 million, up 30%, at a 6.4% margin, 10 basis points better than a year ago. For the full fiscal year 2026, Jabil posted $36.0 billion in sales, a 21% increase, with full-year core EPS of $13.09, up 34%.

For fiscal 2027, management guided for $44.5 billion in revenue and $17.55 in core EPS, both above consensus estimates of roughly $42.79 billion and $16.87 respectively, implying about 24% sales growth and another 34% gain in core earnings. The company expects to add more than $8.5 billion of revenue in fiscal 2027, after adding over $6 billion in fiscal 2026, accelerating momentum it attributed to AI data center infrastructure demand, automotive, healthcare, energy infrastructure, defense and aerospace, and warehouse and retail automation. First-quarter fiscal 2027 guidance called for revenue of $10.6 billion to $11.4 billion and adjusted EPS of $3.80 to $4.20, both above prior Street estimates. The company also authorized a new $1.5 billion share repurchase program, and its diluted share count fell to 106.0 million, down 3.2 million year over year.

Despite the broad beat and raised outlook, Jabil shares fell sharply, dropping roughly 10.4% on the session and crossing below their 200-day moving average of $300.59, with shares touching as low as $284.39. The selloff began in pre-market trading, where the stock was already down around 4.7%, and extended through the regular session, underperforming peers. The Intelligent Infrastructure segment, which covers cloud and data center work, grew 45.5% in fiscal 2026 and is projected to grow an additional 43% in fiscal 2027, underscoring the degree to which AI infrastructure is driving Jabil's growth trajectory.