Jabil's AI Revenue Set to Jump 46% to $13.1B

What happened

Jabil released fiscal Q2 results in March showing a 23% year-over-year revenue increase to $8.3 billion（約1.3兆円） and a 38% year-over-year jump in earnings per share to $2.69. The company's fiscal Q3 guidance calls for $8.5 billion（約1.4兆円） in revenue and $3.03 in earnings per share at the midpoint. Jabil makes rack-scale servers, liquid-cooling systems, and power management solutions for AI data centers, and management noted it is on track to add a third hyperscaler (large cloud provider) customer for its data center offerings.

Why it matters

Demand for Jabil's AI servers and racks is exceeding supply, which suggests the company could deliver stronger growth than its formal guidance. The company increased its AI revenue outlook by $1 billion（約1600億円） when it reported results in March, and a similar increase when announcing Q3 earnings could drive the stock higher. Jabil's forward earnings multiple of 28 is significantly lower than its current trailing multiple of 52, indicating earnings are poised to accelerate.

What to watch

Jabil will report its fiscal 2026 Q3 earnings on June 17. The company anticipates a 46% increase in its AI revenue this year to $13.1 billion（約2.1兆円）, driven by strong demand for AI servers. The AI server market is anticipated to grow at an annual rate of 34% through 2030.