Jabil Inc., a major electronics components manufacturer and key supplier to Apple, has raised its full-year profit and revenue forecasts, citing soaring demand for data center infrastructure driven by the rapid adoption of artificial intelligence technologies.
The company’s shares rose approximately 5% in premarket trading on Tuesday after it surpassed Wall Street expectations for its fiscal third quarter.
Highlights from the Report:
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Fiscal 2025 revenue forecast raised to $29 billion from $27.9 billion.
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Adjusted earnings per share (EPS) outlook increased to $9.33, up from $8.95.
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Q3 revenue rose 15.7% year-over-year to $7.83 billion, beating analyst expectations of $7.06 billion (LSEG data).
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Adjusted Q3 EPS was $2.55, above the expected $2.31.
Strategic Investment:
Jabil also announced a $500 million investment in the United States over the coming years to expand support for cloud and AI data center infrastructure customers, underscoring the company’s strategic pivot toward high-growth digital infrastructure markets.
CEO Mike Dastoor emphasized the momentum:
“Our intelligent infrastructure segment remains a critical growth engine, benefiting from accelerating AI-driven demand.”
This performance positions Jabil as a key player in the supply chain supporting the global AI boom, and its forward-looking strategy appears aimed at securing long-term growth through investments in infrastructure and technology innovation.