Q2 2026 Jabil Inc Earnings Call Transcript
Key Points
- Jabil Inc (JBL) exceeded expectations in Q2 with net revenue of $8.3 billion, surpassing their outlook.
- The Intelligent Infrastructure segment saw a significant year-over-year revenue increase of 52%, driven by cloud and data center infrastructure.
- The company reported strong cash flow from operations at $411 million, with adjusted free cash flow of $360 million for the quarter.
- Jabil Inc (JBL) raised its full-year revenue outlook to $34 billion, an increase of $1.6 billion from prior expectations.
- The company is seeing positive momentum in Regulated Industries, with automotive and renewables showing signs of recovery.
- Connected Living & Digital Commerce revenue decreased by 8% year-over-year, reflecting planned program attrition.
- The company is facing supply chain constraints, particularly in memory components and PCBs.
- Despite strong revenue growth, the core operating margin guidance remains at 5.7%, indicating limited margin expansion.
- The automotive market, particularly in China, remains slow, impacting Jabil Inc (JBL)'s performance in that region.
- There is ongoing geopolitical uncertainty which could impact future business operations and margins.
Greetings. Welcome to Jabil's second quarter fiscal 2026 earnings conference call. (Operator Instructions) Please note, this conference is being recorded. I'll now turn the conference over to Adam Berry, Senior Vice President, Investor Relations and Corporate Affairs.
Thank you, Adam. You may now begin.
Hello, and welcome to Jabil's second quarter fiscal 2026 earnings conference call. Joining me on today's call are Chief Executive Officer, Mike Dastoor; and Chief Financial Officer, Greg Hebard.
Please note that today's presentation is being live streamed. And during our prepared remarks, we will be referencing slides. To view these slides, please visit the Investor Relations section of jabil.com. After today's presentation concludes, a complete recording will be available on our website for playback.
In addition, we will be making forward-looking statements during this presentation, including, among other things, those regarding the anticipated
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