Executive Brief

  • Jabil Inc. reported strong Q4 and full fiscal year 2025 results and provided a positive outlook for fiscal 2026 (Item 2.02, Exhibit 99.1).
  • Q4 FY2025 net revenue was $8.3 billion; GAAP operating income $337 million; GAAP diluted EPS $1.99; Non-GAAP core operating income $519 million; core diluted EPS $3.29 (Exhibit 99.1).
  • FY2025 net revenue was $29.8 billion; GAAP operating income $1.2 billion; GAAP diluted EPS $5.92; Non-GAAP core operating income $1.6 billion; core diluted EPS $9.75 (Exhibit 99.1).
  • FY2026 Q1 outlook: revenue $7.7B-$8.3B; GAAP operating income $263M-$343M; GAAP EPS $1.27-$1.84; core operating income $400M-$460M; core EPS $2.47-$2.87 (Exhibit 99.1).
  • FY2026 full year guidance: revenue approx. $31.3 billion; core operating margin 5.6%; core diluted EPS $11.00; adjusted free cash flow >$1.3 billion (Exhibit 99.1).
  • Non-GAAP measures exclude amortization of intangibles ($17M), stock-based compensation ($60M), and restructuring/severance charges ($40M-$60M) (Exhibit 99.1).
  • CEO Mike Dastoor highlighted strength in AI-driven demand, portfolio actions offsetting pressures in Automotive and Renewables, and strategic focus on AI data centers, healthcare, and automation (Exhibit 99.1).
  • No new material risks, restatements, or governance changes disclosed.
  • Information is new and not previously announced (Item 2.02).
  • Press release furnished as Exhibit 99.1; no other exhibits or filings referenced (Item 9.01).

Item-by-Item Analysis

Item 2.02 – Results of Operations and Financial Condition

  • What happened: Jabil announced preliminary, unaudited Q4 and FY2025 financial results and provided FY2026 outlook.
  • Q4 FY2025:
    • Net revenue: $8.3 billion
    • GAAP operating income: $337 million
    • GAAP diluted EPS: $1.99
    • Core operating income (Non-GAAP): $519 million
    • Core diluted EPS (Non-GAAP): $3.29
  • FY2025:
    • Net revenue: $29.8 billion
    • GAAP operating income: $1.2 billion
    • GAAP diluted EPS: $5.92
    • Core operating income (Non-GAAP): $1.6 billion
    • Core diluted EPS (Non-GAAP): $9.75
  • FY2026 Q1 Outlook:
    • Net revenue: $7.7B to $8.3B
    • GAAP operating income: $263M to $343M
    • GAAP diluted EPS: $1.27 to $1.84
    • Core operating income: $400M to $460M
    • Core diluted EPS: $2.47 to $2.87
  • FY2026 Full Year Outlook:
    • Net revenue: approx. $31.3 billion
    • Core operating margin: 5.6%
    • Core diluted EPS: $11.00
    • Adjusted free cash flow: >$1.3 billion
  • Non-GAAP adjustments exclude:
    • $17 million amortization of intangibles ($0.15 per diluted share)
    • $60 million stock-based compensation and related charges ($0.55 per diluted share)
    • $40 million to $60 million restructuring, severance, and related charges ($0.33 to $0.50 per diluted share)
  • CEO commentary emphasized AI-driven demand strength, portfolio actions in Connected Living & Digital Commerce, offsetting pressures in Automotive and Renewables, and strategic focus on AI data centers, healthcare, and automation.
  • The information is preliminary and unaudited.
  • Source: (Item 2.02, para 1-9), (Exhibit 99.1).

Item 9.01 – Financial Statements and Exhibits

  • Exhibit 99.1: Press Release dated September 25, 2025, containing the financial results and outlook.
  • No other exhibits or financial statements included.
  • Source: (Item 9.01), (Exhibit 99.1).

Exhibits Summary

  • Exhibit 99.1: Press Release dated September 25, 2025, provides detailed Q4 and FY2025 financial results and FY2026 outlook with CEO commentary.
  • No other exhibits or investor decks attached.

Financial & Dilution Impact

  • FY2025 revenue of $29.8 billion with GAAP operating income of $1.2 billion.
  • FY2026 revenue expected to increase to approx. $31.3 billion.
  • Core operating margin guidance at 5.6% for FY2026.
  • Core diluted EPS expected to increase to $11.00 in FY2026 from $9.75 in FY2025.
  • Adjusted free cash flow expected to exceed $1.3 billion in FY2026.
  • Non-GAAP adjustments include amortization, stock-based compensation, and restructuring charges impacting EPS by approximately $1.00 combined.
  • No share count or dilution details disclosed.

Timeline & Required Actions

  • Results reported for fiscal year ended August 31, 2025.
  • Outlook provided for Q1 FY2026 and full FY2026.
  • No specific upcoming filings or shareholder meetings mentioned.
  • No closing conditions or approvals referenced.

Risks & Monitoring

  • No new risk factors or material uncertainties disclosed.
  • Watch for actual Q1 FY2026 results versus guidance.
  • Monitor impact of restructuring and stock-based compensation charges on earnings.
  • Monitor execution of strategic initiatives in AI, healthcare, and automation sectors.

Metadata & Quality Checks

  • No OCR or parsing issues detected.
  • Non-GAAP reconciliation referenced in press release (Exhibit 99.1).
  • Forward-looking statements present in outlook commentary.
  • No conflicts or related-party transactions disclosed.

Final Checklist

  • Identified Items: 2.02, 9.01
  • Extracted financial and operational facts
  • Summarized press release content
  • Quantified financial impact and guidance
  • Noted timeline and risks
  • Confirmed metadata and quality

Summary

Jabil Inc. reported strong Q4 and FY2025 financial results with solid revenue, operating income, and EPS growth, driven by AI-related demand and portfolio actions. The company provided a positive outlook for FY2026, expecting revenue growth, improved margins, and increased free cash flow. Non-GAAP measures exclude certain amortization, stock-based compensation, and restructuring charges. No new risks or governance changes were disclosed. Investors should monitor upcoming quarterly results and execution of strategic growth areas.

Original Filing