AI demand lifts Jabil profit outlook, boosts auto, connected living
Business
Jabil, a manufacturing company, just boosted its 2026 profit outlook as demand for AI-powered data centers keeps climbing.
The company's automotive and connected living divisions are also performing better than expected, showing that tech is driving growth across the board.
Jabil forecasts $12.70 EPS, $35B revenue
Jabil now predicts $12.70 in adjusted profit per share for 2026 (up from $12.25) and has raised its annual revenue forecast to $35 billion, both topping what analysts thought.
In the latest quarter, Jabil earned $3.16 per share on $8.75 billion in revenue, beating Wall Street's estimates and giving its stock a nice bump before markets opened.