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Apple Supplier Jabil Lifts Annual Forecast Amid AI-Driven Data Center Boom

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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:

  • Fiscal 2025 revenue forecast raised to $29 billion from $27.9 billion.

  • Adjusted earnings per share (EPS) outlook increased to $9.33, up from $8.95.

  • Q3 revenue rose 15.7% year-over-year to $7.83 billion, beating analyst expectations of $7.06 billion (LSEG data).

  • 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.

Cisco Raises Forecast on AI Demand Surge, Names Mark Patterson as Incoming CFO

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Cisco Systems announced a leadership change and raised its fiscal 2025 guidance on Wednesday, citing strong demand from cloud and AI infrastructure clients. Current CFO Scott Herren will retire in July and be succeeded by Mark Patterson, Cisco’s Chief Strategy Officer, effective July 27.

Shares rose 2% in extended trading, reflecting investor optimism on the company’s AI-driven growth outlook and solid Q3 performance.

🧾 Key Financial Highlights

  • Raised FY25 Revenue Guidance:
    Now: $56.5B–$56.7B (↑ from $56B–$56.5B)
    LSEG Consensus: $56.47B

  • Adjusted EPS Guidance:
    Now: $3.77–$3.79 (↑ from $3.68–$3.74)

  • Q3 Revenue: $14.15B (vs. $14.08B est.)

  • Q3 Adjusted EPS: $0.96 (vs. $0.92 est.)

🤖 AI Fuels Data Center Orders

Cisco has reaped benefits from surging generative AI investment, especially in networking equipment:

  • $600M+ in Q3 AI orders from large-scale cloud providers

  • $1B+ year-to-date AI infrastructure revenue from web-scale clients

  • Strong growth in data center ethernet switch sales

“We’re seeing cloud giants double down on infrastructure buildouts for AI — and Cisco is positioned to win,” said CEO Chuck Robbins.

👥 Leadership Transition

  • Outgoing CFO: Scott Herren, retiring after nearly a decade of steering Cisco’s financial strategy

  • Incoming CFO: Mark Patterson, Cisco’s Chief Strategy Officer and former investor relations lead

  • Patterson is expected to continue Cisco’s push into high-margin AI and security segments, while navigating macro uncertainties including tariffs.

🌐 Tariff and Trade Considerations

Cisco’s updated outlook assumes current U.S. tariffs and exemptions remain in place until the July 9 expiration of the 90-day pause. After that, Herren noted, Cisco expects country-specific reciprocal tariffs to resume.

🔍 Analyst Outlook

David Heger of Edward Jones commented:

“Cisco has improved its position in cloud data center networking. AI will continue to be a significant tailwind.”

Though Cisco faces competition from newer cloud-native players, its strong balance sheet, trusted enterprise footprint, and AI-optimized switch and router lines have made it a core supplier to hyperscalers and traditional IT buyers alike.

Gen Digital Forecasts Strong 2026 Outlook on Rising Cybersecurity Demand

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Gen Digital, the parent company of popular antivirus brands Avast, Avira, and Norton, issued an upbeat forecast for fiscal 2026, citing continued demand for cybersecurity tools amid a wave of high-profile digital attacks and growing online scams. The optimistic outlook pushed Gen Digital’s shares up roughly 4% in after-hours trading on Tuesday.

The company projected annual revenue and profit above Wall Street expectations, reflecting strong enterprise and consumer interest in robust digital protection. Even as broader economic uncertainty weighs on IT budgets, cybersecurity remains a spending priority for many firms, driven by increasingly sophisticated threats and data breaches.

With its suite of security solutions for both individuals and businesses, Gen Digital appears well-positioned to benefit from heightened global awareness around digital safety and data privacy.

The company has not yet detailed full-year guidance figures, but analysts interpret the confidence as a sign of sustained customer retention and product innovation across its portfolio.