Jabil Strong FY27 AI Outlook: FQ3 results beat and FY26 moves higher given Intelligent Infrastructure strength in FQ4. FY26 AI outlook raised to $13.6bn (+51% y/y growth), with similar growth expected for FY27 (vs FY26). Third hyperscaler win announced with material contribution expec

研报英文原文证据摘录

Jabil Strong FY27 AI Outlook: FQ3 results beat and FY26 moves higher given Intelligent Infrastructure strength in FQ4. FY26 AI outlook raised to $13.6bn (+51% y/y growth), with similar growth expected for FY27 (vs FY26). Third hyperscaler win announced with material contribution expec

Equity Research

IT Hardware and Communications Equipment

17 June 2026

Jabil

Strong FY27 AI Outlook

FQ3 results beat and FY26 moves higher given Intelligent

Infrastructure strength in FQ4. FY26 AI outlook raised to

$13.6bn (+51% y/y growth), with similar growth expected for JBL OVERWEIGHT Unchanged

FY27 (vs. FY26). Third hyperscaler win announced with IT Hardware and

Communications NEUTRAL

material contribution expected in FY28. Equipment

Unchanged

Price Target USD 426.00

FY26 AI revenue is now expected to be $13.6bn (~51% Y/Y growth), up from prior expectations of raised 40% from USD 304.00

$13.1bn. The highlight of the quarter is that FY27 AI revenue growth is expected to be similar to Price (17-Jun-26) USD 374.98

FY26 growth while off a larger revenue base, which is encouraging. The company is also building Potential Upside/Downside +13.6%

a multi-gigawatt manufacturing capacity for AI infrastructure in India, which will likely Source: Bloomberg, Barclays Research

contribute to AI growth in FY28 and beyond.

Market Cap (USD mn) 39561As we expected, the company announced a third hyperscaler win (we believe it’s likely Google

Shares Outstanding (mn) 105.50given industry knowledge). The third hyperscaler customer ramp is expected to resemble the

Free Float (%) 98.08ramp process of the second hyperscaler customer – start with a specific capability and then

52 Wk Avg Daily Volume (mn) 1.3build on the partnership by expanding across other opportunities. In terms of AI revenue