(Reuters) -Jabil forecast profit and revenue for the fiscal year 2026 above Wall Street estimates on Thursday, as the electronics component maker banks on an artificial intelligence-driven boom for data centers. The company, which supplies electronic components to Apple, also surpassed Street expectations for its fourth-quarter results. An influx of capital to build data centers, […]
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Jabil forecasts upbeat full-year results on AI-driven data center demand
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(Reuters) -Jabil forecast profit and revenue for the fiscal year 2026 above Wall Street estimates on Thursday, as the electronics component maker banks on an artificial intelligence-driven boom for data centers.
The company, which supplies electronic components to Apple, also surpassed Street expectations for its fourth-quarter results.
An influx of capital to build data centers, driven by strong demand for computing to support AI technologies, has benefited companies like Jabil.
Jabil expects full-year 2026 revenues of $31.3 billion, above analysts’ average expectations of $30.75 billion, according to data compiled by LSEG.
It expects an adjusted profit per share of $11.00 for the year, also above estimates of $10.83.
Fourth-quarter revenue rose 18.5% to $8.25 billion, surpassing estimates of $7.59 billion. Adjusted profit per share was $3.29, while analysts expected $2.92.
(Reporting by Utkarsh Shetti in Bengaluru; Editing by Sahal Muhammed)