Sept 25 (Reuters) - Jabil ( JBL ) forecast profit and
revenue for the fiscal year 2026 above Wall Street estimates on
Thursday, as the electronics component maker banks on an
artificial intelligence-driven boom for data centers.
The company, which supplies electronic components to Apple ( AAPL )
, also surpassed Street expectations for its
fourth-quarter results.
An influx of capital to build data centers, driven by strong
demand for computing to support AI technologies, has benefited
companies like Jabil ( JBL ).
Jabil ( JBL ) expects full-year 2026 revenues of $31.3 billion,
above analysts' average expectations of $30.75 billion,
according to data compiled by LSEG.
It expects an adjusted profit per share of $11.00 for the
year, also above estimates of $10.83.
Fourth-quarter revenue rose 18.5% to $8.25 billion,
surpassing estimates of $7.59 billion. Adjusted profit per share
was $3.29, while analysts expected $2.92.