Dec 17 (Reuters) - Jabil ( JBL ) forecast annual revenue and profit above Wall Street estimates on Wednesday, as the electronic component maker looks to capitalize on artificial intelligence-driven demand for data centers, sending its shares up more than 5.8% in premarket trade.
It expects full-year 2026 revenues of $32.4 billion, above analysts' average expectations of $31.52 billion, according to data compiled by LSEG.
On an adjusted basis, it expects annual profit per share of $11.55, versus expectations of $11.11.
Rising investments in data center infrastructure, driven by strong demand for computing capacity to support AI technologies, have aided companies like Jabil ( JBL ).
The company, which supplies electronic components to Apple, also surpassed Street expectations for its first-quarter results.
First-quarter revenue rose 18.74% to $8.30 billion, surpassing estimates of $8.09 billion, as per data compiled by LSEG.
Adjusted profit per share for the quarter ended November 30 was $2.85, while analysts expected $2.70.