Jabil Inc. (NYSE: JBL) reported preliminary, unaudited financial results for its third quarter of fiscal year 2025.
Third Quarter of Fiscal Year 2025 Highlights:
Net revenue: $7.8 billion
U.S. GAAP operating income: $403 million
U.S. GAAP diluted earnings per share: $2.03
Core operating income (Non-GAAP): $420 million
Core diluted earnings per share (Non-GAAP): $2.55
"We delivered a strong third quarter, outperforming expectations across key end-markets such as cloud, data centre infrastructure, and capital equipment,” said CEO Mike Dastoor. Our Intelligent Infrastructure segment remains a critical growth engine, benefiting from accelerating AI-driven demand. Despite softness in areas like EVs, Renewables, and 5G, our diversified portfolio and operational discipline have us tracking toward record core earnings per share. Looking ahead, we remain focused on enhancing core margins, optimizing cash flow, and returning value to shareholders—primarily through share repurchases and targeted investments in higher-margin opportunities," he added.
Fourth Quarter of Fiscal Year 2025 Outlook:
Net revenue: $7.1 billion to $7.8 billion
U.S. GAAP operating income: $331 million to $411 million
U.S. GAAP diluted earnings per share: $1.79 to $2.37 per diluted share
Core operating income (Non-GAAP)(1): $428 million to $488 million
Core diluted earnings per share (Non-GAAP)(1): $2.64 to $3.04 per diluted share
Core operating income and core diluted earnings per share excludes anticipated adjustments of $17 million for amortization of intangibles (or $0.14 per diluted share) and $20 million for stock-based compensation expense and related charges (or $0.18 per diluted share) and $60 million to $40 million (or $0.53 to $0.35 per diluted share) for restructuring, severance and related charges.
Fiscal Year 2025 Outlook:
Net revenue: $29 billion
Core operating margin (Non-GAAP): 5.4%
Core diluted earnings per share (Non-GAAP):$9.33 per diluted share