Jabil (JBL.N) has raised its 2025 profit and revenue forecast, driven by strong demand for data center infrastructure amid the surge in artificial intelligence (AI) adoption. The electronic component maker surpassed Wall Street expectations for its second-quarter earnings, leading to a 6.5% rise in premarket trading on Thursday.
The AI boom has increased demand for data centers, benefiting Jabil and fueling growth in its semiconductor fabrication and test equipment business.
For the second quarter ending February 28, Jabil reported:
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Adjusted earnings per share (EPS): $1.94, exceeding analysts’ estimate of $1.83 (LSEG data).
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Quarterly revenue: $6.73 billion, above the forecasted $6.41 billion.
Following these strong results, Jabil updated its full-year projections:
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Adjusted profit forecast: $8.95 per share, up from the previous $8.75.
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Revenue forecast: $27.9 billion, revised from $27.3 billion.
Based in St. Petersburg, Florida, Jabil continues to capitalize on AI-driven growth and expanding data center investments, reinforcing its market position in high-tech manufacturing.
