JBL
NYSE · Technology · Hardware, Equipment & Parts · US
Research · Sep 9, 2026
[JBL] Jabil: Is AI Infrastructure Growth Repeatable or Concentrated?
Jabil's Intelligent Infrastructure segment reached $4.2 billion, 47.7% of fiscal Q3 revenue; the 2026-09-24 report tests whether that AI ramp is multi-customer or hyperscaler-dependent.
Research · Sep 3, 2026
[JBL] Jabil Thesis 2026: AI Server and Healthcare Mix Tests Mobility Cycle Diversification
Jabil Inc. FY2025 revenue ~$28-29B (-3 to flat) with adj. EPS ~$8.50-9.00 reflecting continued post-2023 Mobility (selected Apple) cyclicality + selected DMS Healthcare + Automotive + Industrial + Cloud/AI server growth + selected operational excellence under continued CEO Mike Dastoor (since CEO May 2024 succeeded Kenny Wilson). Leading global electronics manufacturing services (EMS) firm; founded 1966 by Bill Morean Sr. + James Golden in Detroit Michigan (originally as electronics circuit board manufacturer; rebranded Jabil Circuit 1969; renamed Jabil Inc. 2017; IPO 1993 ~$60M raised; ~58+ year heritage); headquartered in St. Petersburg Florida; ~140,000+ employees globally across selected ~30+ countries with ~$28-29B revenue; fiscal year ends ~August. 2 segments: Diversified Manufacturing Services (DMS) 52% ($15B — Healthcare medical devices ~$3-4B + Automotive selected EV + ADAS ~$3-4B + Industrial ~$3-4B + Cloud/AI servers selected NVIDIA hyperscaler-class ~$2-4B; selected ~6%+ segment operating margin) + Electronic Manufacturing Services (EMS) 48% (~$13B — Mobility selected Apple iPhone + selected ~$5-7B selected ~20%+ revenue concentration + Networking ~$2-3B + Storage + Print + Retail ~$3-4B; ~4% margin). Selected post-2023 Mobility cycle weakness (selected ~$3-4B revenue impact peak from selected Apple iPhone cycle pressure); FY2025 expected post-Mobility cycle stabilization. CEO Mike Dastoor since May 1, 2024 (succeeded Kenny Wilson CEO 2018-May 2024 retired post-July 2023 selected Wilson early-CEO controversies; Wilson's tenure included selected ~$190M class action from selected questionable accounting; Dastoor ex-Jabil CFO 2018-2024 + ~25-year Jabil career; Indian-American; selected operational + finance heritage). Pre-Dastoor Wilson tenure (CEO 2018-May 2024) executed selected DMS expansion + July 2023 controversies + May 2024 retirement. Capital return: dividend $0.32-0.36/share annual + buybacks $1-2B (aggressive ~5-10%/yr share count reduction); investment-grade Baa3/BBB- credit rating; net debt $2-3B. FY2026 thesis: AI server demand + Healthcare/Automotive/Industrial mix + Mobility cycle navigation + capital return. Risks: Mobility cycle volatility (Apple iPhone), AI server margin pressure, customer concentration (Apple ~20%+ + hyperscaler), tariff exposure (~50%+ China/Mexico).
Research · Apr 9, 2026
Foldable iPhone Confirmed for 2026: 6 Suppliers Poised to Win — AVGO, MU Top the List
Anchored by Bloomberg's confirmation of Apple's foldable iPhone for September 2026, this analysis ranks six suppliers—AVGO, MU, COHR, QCOM, JBL, CRUS—by conviction to capture innovation spillover. Leaders like Broadcom and Micron offer explosive growth from custom chips and memory demands.