Jabil Inc.

How has the stock done?

Change in closing price from the first day shown, or with Price the closing price itself. Prices: Yahoo Finance, to Nov 12, 2026. Dashed lines: the days the company released earnings (its SEC 8-K filings); EPS estimates: Yahoo Finance. The stock's move after a release runs from the last close before its day to the close the day after (or five days after), so a release before the open counts like one after the close.

Is the business growing?

In the fiscal year to Aug 2026, Intelligent Infrastructure was 50% and Regulated Industries was 35% of revenue; Intelligent Infrastructure rose from 32% in the fiscal year to Aug 2024.

In the fiscal year to Aug 2026, United States was 27% and Mexico was 20% of revenue; United States rose from 17% in the fiscal year to Aug 2024; China was 11%, from 17% in the fiscal year to Aug 2024.

Quarters: Jabil Inc.'s SEC filings, named by the month they end. Fiscal years: Jabil Inc.'s annual reports to the SEC.

How it makes money

Of every $100 in revenue, $2.9 ends up as net income. Net margin was roughly flat over the past 3 years.

Each margin is that line of the income statement divided by revenue. Fiscal year: Jabil Inc.'s annual reports to the SEC; quarters: SEC filings.

Customers and suppliers

In its latest annual report Jabil sells to Amazon; two customers it does not name account for 20% and 10% of its revenue; it names no suppliers.

 

JBLJabil

Customers

Unnamed customer 20%

Unnamed customer 10%

Amazon AMZN

Arista Networks ANET

Their customers

Aurora Innovation AURfrom Amazon

Celsius Holdings CELHfrom Amazon

Cerebras Systems CBRSfrom Amazon

Show 3

Jabil's 10-K for the year to Aug 2026 gives one customer's share of its revenue: Customer A (20%). Separately, it gives groups of customers: Seventy Six Customers (90%) and Five Largest Customers (37%).

From Jabil Inc.'s 10-Q and 10-K filings (XBRL): each customer whose share of revenue a filing tags, under the filing's own label, so “Customer A” in one filing can be another company in the next; a later filing's figures for a period replace an earlier one's. A dash is a group of customers the filing gives (a government's agencies, the largest customers together, all the others): it can include the customers beside it, so the shares need not add up. Rings are fiscal years: a 10-K gives the year, not its fourth quarter.

Partners

Amazon AMZNinvested in Jabil · Holds warrant tied to product purchasesWarrant for up to 1,158,539 ordinary shares, issued December 27, 2024

Only the companies Jabil names in its 10-K filed Oct 23, 2026 (SEC). The supply chain joins the latest annual reports of the companies on it and the 8-Ks they filed since: a link shows when either side's report names the other, so it grows as more reports are read. Hover a name for the filing's own words. Customers it does not name are listed as the filing describes them.

Is it expensive?

P/E of 26.6x, in line with the peer median of 28.1x, with earnings still growing.

In line with the peer median of 28.1x.

At 26.6× trailing earnings JBL is inside the middle of its five-year range; the five-year median is 14.9×.

Closing price over diluted earnings per share of the last four reported quarters, as known on each day (a quarter counts 35 days after it ends). From SEC filings; earnings per share adjusted for splits.

What analysts expect

The average analyst price target is $425, 63% above the current price; 90% of 10 analysts rate it a buy; earnings beat estimates in all of the last 4 quarters.

Buy or Strong Buy: 9 analysts (90%). Sell or Strong Sell: 0.

Over the past year the average of the analysts' latest price targets went from $238.50 to $429.75 (+80%), while JBL went from $201.82 to $259.96 (+29%). In the past three months targets were raised once and cut twice. 1 upgrade and no downgrades over the year; the latest: UBS moved it to Buy from Neutral on Aug 11, 2026.

The day after each of these reports the stock moved +2.1% (Nov 2025, beat); +1.1% (Feb 2026, beat); −1.0% (May 2026, beat); −6.0% (Aug 2026, beat).

For the quarter ending Nov 2026 (Jabil reports on Dec 16, 2026), analysts expect adjusted earnings of $4.05 a share, 42% more than the $2.85 of a year earlier, and revenue of $11.0B, up 33% on a year earlier. For the fiscal year ending Aug 2027, they expect adjusted earnings of $17.69 a share, 35% more than the $13.10 of the year before, and revenue of $44.8B, up 25% on the year before.

Targets, ratings and earnings estimates: Yahoo Finance. Rating and target changes: Yahoo Finance's list of upgrades and downgrades. The average target on each day is the average of every listed firm's latest target set in the 180 days before it, so it counts fewer analysts than the average target above, and the band is the middle half of those targets (a quarter of the firms are above it, a quarter below); a target set before a stock split is divided by the split. Expected figures: the average of the analysts' estimates (Yahoo Finance). Their EPS is adjusted, as analysts estimate it, so it is set against the adjusted EPS Yahoo reports for the same quarters, not the GAAP EPS of the growth and valuation sections; revenue against the SEC filings. No change is given against a quarter whose reported EPS was more than 50% off its own estimate (often a one-off gain or charge), nor against a year that counts one. Each estimate is pinned to its fiscal period by the report date or the period's end, and one that cannot be is left out.

Where the cash goes

Generated $1.4B in free cash flow over the year, of which $1.1B went back to shareholders (dividends plus buybacks), leaving $280M in the company.

Jabil had 106M diluted shares in the quarter ended May 2026, 2.6% fewer than a year earlier, and 5.5% fewer each year on average since Feb 2020. It spent $1.1B on buybacks over the last four quarters. Over the last four quarters its earnings per share rose 63.9% and its net income rose 58.6%: fewer shares added about 5 points.

Free cash flow: operating cash flow minus capital spending on property, plant and equipment, from SEC filings, for the last 4 quarters and by quarter. Shares: each quarter's diluted weighted average as filed with the SEC, since the stock's listing and its latest split.

Financial health

Current ratio 1.0, short-term debt coverage is tight; shareholder equity is only 6% of assets, so debt-to-equity (2.1) says little; net debt is 0.8 years of operating cash flow, which is light.

Latest fiscal year balance sheet. Source: Yahoo Finance.

Who holds it

In the filings of 7 funds whose copy leaves JBL out (on the exchange, not in the app yet): Bridgewater Associates, Norges Bank, Swiss National Bank, Mirae Asset Global Investments, Canada Pension Plan Investment Board, Maverick Capital and 1 more.

What did the funds Hunch tracks do?

Of the 83 funds whose 13F filings Hunch reads, 11 held JBL at the end of their latest quarter (for most, Q2 2026). Over that quarter 4 added shares, 6 cut, 1 bought new and 1 sold all. The largest of them is Norges Bank, 1.50M shares worth $578M at Jun 30, 2026, 16.0% fewer than at Dec 31, 2025.

From the 13F filings of the 83 funds Hunch tracks, not of every institution: each fund's shares of JBL at its latest quarter end against the quarter before, as filed (long positions only, options left out), the quarter before put on the latest quarter's share count across a split. A fund files 45 days after its quarter ends, so some have a newer quarter than others. Value is at the quarter end. Norges Bank filed its 13F for Q1 2026 confidentially, with no holdings made public, so its row compares Q2 2026 with Q4 2025.

Are insiders buying or selling?

Officers and directors bought $150K and sold $57.9M of JBL on the open market in the 12 months to Nov 12, 2026. 23% of the sales were made under 10b5-1 plans, set up in advance. The largest was Mark T Mondello (Executive Chairman; director), who sold $30.1M in 19 sales.

From the Form 4s filed with the SEC about Jabil Inc. (79 in the 12 months): purchases (code P) and sales (code S) on the open market by its officers and directors, at the price each filing gives (often an average of the day's trades). A sale is a 10b5-1 sale when its filing says it was made under such a plan, set up in advance. Not counted: 116 other transactions (grants, shares withheld for tax, gifts and other transfers).