NYSE$JBL

Jabil Inc · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Jabil reported strong Q2 results driven by excellent operational execution and solid revenue growth.

Jabil Inc. reported its second quarter fiscal year 2023 results, demonstrating strong operational execution and revenue growth. The company's diversified portfolio enabled it to navigate a dynamic macro environment and deliver robust year-on-year financial results.

  • Net revenue reached $8.1 billion.
  • Diversified Manufacturing Services (DMS) revenue grew by 8 percent year-on-year.
  • Electronics Manufacturing Services (EMS) revenue increased by 7 percent year-on-year.
  • U.S. GAAP diluted earnings per share was $1.52.

Headline financials

Total Revenue

$8.13B

Previous: $7.55B+7.7%
EPS (adj)

$1.88

Previous: $1.68+11.9%
Capital Expenditures

-$637M

Previous: -$704M+9.5%
Free Cash Flow

-$430M

Previous: -$482M+10.8%
Net Income

$207M

Previous: $222M-6.8%
Operating Income

$359M

Previous: $313M+14.7%
Gross Profit

$661M

Previous: $609M+8.5%
Cash & Equivalents

$1.2B

Previous: $1.09B+9.8%
Total Assets

$19.6B

Previous: $17.4B+12.3%

Revenue & EPS history

Jabil · Revenue · Quarterly

$8.13B

Q2 2023+7.7%vs Q2 2022
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

Jabil anticipates net revenue between $7.9 billion and $8.5 billion, U.S. GAAP operating income between $336 million and $396 million, U.S. GAAP diluted earnings per share between $1.50 and $1.90, core operating income (Non-GAAP) between $363 million and $423 million, and core diluted earnings per share (Non-GAAP) between $1.70 and $2.10 for the third quarter of fiscal year 2023. For the full fiscal year 2023, the company expects to deliver a 4.9% core operating margin on $34.5 billion in revenue.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2023

Historical avgQ2 2023

+0.8%

Avg return

Earnings day

+1.8%

Avg return

5 days after

+5.1%

Avg return

30 days after

51%

35 / 68 earnings

Positive

+20.6%

Q4 2023

Best reaction

-20.4%

Q1 2014

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026-2.8%
Q2 2026-4.9%+1.5%+22.6%
Q1 2026-2.0%+8.1%+18.2%
Q4 2025-6.9%-3.6%-5.7%
Q3 2025-0.8%+1.6%-1.4%
Q2 2025+3.1%+6.3%-3.2%
Q1 2025+4.8%+8.7%+21.6%
Q4 2024+7.9%+5.1%+10.0%
Q3 2024-10.3%-9.4%-12.4%
Q2 2024-15.8%-13.9%-9.1%
Q1 2024+10.2%+8.8%+6.3%
Q4 2023+20.6%+21.3%+16.5%
Q3 2023+5.7%+6.2%+12.0%
Q2 2023-1.7%+2.8%+4.3%
Q1 2023-4.9%-4.7%+7.0%
Q4 2022+7.1%+2.8%+13.9%
Q3 2022-8.8%-7.4%-9.4%
Q2 2022+11.3%+11.9%+2.0%
Q1 2022+2.8%+5.0%+10.9%
Q4 2021-4.2%-3.0%-1.6%
Q3 2021-1.6%+0.7%-3.0%
Q2 2021+4.5%+4.5%+9.9%
Q1 2021+3.3%+3.8%+8.6%
Q4 2020+3.5%+3.0%+10.6%
Q3 2020+3.3%-4.0%+3.4%
Q2 2020-7.7%-20.5%+12.5%
Q1 2020+1.8%+1.7%+6.1%
Q4 2019+13.1%+12.4%+16.3%
Q3 2019+12.3%+13.4%+13.2%
Q2 2019-1.8%-1.3%+9.5%
Q1 2019+10.2%+8.5%+15.5%
Q4 2018-8.9%-10.0%-19.9%
Q3 2018-6.3%-9.4%-3.1%
Q2 2018+11.2%+9.1%+3.7%
Q1 2018-2.3%-6.2%-3.0%
Q4 2017+7.5%+5.3%+2.2%
Q3 2017-4.6%-5.5%-1.2%
Q2 2017+5.8%+8.4%+5.8%
Q1 2017+12.3%+13.4%+9.7%
Q4 2016-3.3%-6.0%-6.4%
Q3 2016+1.6%+3.7%+11.2%
Q2 2016-8.3%
Q1 2016-1.4%
Q4 2015+14.6%
Q3 2015-8.4%
Q2 2015+3.1%
Q1 2015+6.4%
Q4 2014-2.3%
Q3 2014+3.3%
Q2 2014-3.6%
Q1 2014-20.4%
Q4 2013-8.8%
Q3 2013+1.0%
Q2 2013-3.0%
Q1 2013+8.4%
Q4 2012-11.6%
Q3 2012+9.2%
Q2 2012-4.6%
Q1 2012+2.3%
Q4 2011+5.8%
Q4 2010+5.8%
Q4 2009+5.8%
Q3 2011+5.5%
Q3 2010+5.5%
Q2 2011-5.3%
Q2 2010-2.6%
Q1 2010-2.6%
Q1 2011-2.6%

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