Jabil Inc Reports 23% Revenue Jump to $8.28B in Q2 Fiscal 2026

Jabil Inc (NYSE: JBL), a global manufacturing solutions provider, reported net revenue of $8.28 billion for the three months ending February 28, 2026, a 23% increase from $6.73 billion in the same quarter a year earlier. For the six months ending February 28, 2026, revenue climbed 21% to $16.59 billion from $13.72 billion in the prior-year period. Read more earnings reports.

Net income for the quarter reached $223 million, up 91% from $117 million in the year-earlier quarter. For the six-month period, net income rose 70% to $369 million from $217 million a year earlier. Diluted earnings per share for the quarter stood at $2.08, compared to $1.06 in the prior-year quarter.

Operating Performance

Operating income for the three months ending February 28, 2026 totaled $374 million, up 53% from $245 million in the same quarter last year. Gross profit for the quarter was $746 million, representing a 30% increase from $576 million in the year-earlier period. Cost of goods sold rose to $7.54 billion from $6.15 billion.

Selling, general and administrative expenses increased to $329 million in the quarter from $256 million a year earlier. Research and development expenses held steady at $7 million for the quarter.

Balance Sheet Expansion

Total assets as of February 28, 2026 stood at $20.63 billion, up from $18.54 billion at the end of fiscal 2025 on August 31, 2025. Current assets increased to $15.01 billion from $13.72 billion over the same period.

Cash and cash equivalents declined slightly to $1.83 billion as of February 28, 2026 from $1.93 billion at the end of fiscal 2025. Inventory increased to $4.97 billion from $4.68 billion.

Long-term debt rose to $3.38 billion as of February 28, 2026 from $2.39 billion at the end of fiscal 2025. Total liabilities climbed to $19.28 billion from $17.03 billion over the same period.

Equity and Share Count

Total stockholders' equity as of February 28, 2026 was $1.34 billion, down from $1.51 billion at the end of fiscal 2025. Retained earnings increased to $6.73 billion from $6.38 billion.

Common shares outstanding declined to 105.8 million as of February 28, 2026 from 107.5 million at the end of fiscal 2025. Weighted average diluted shares for the quarter were 106.9 million, down from 111.1 million in the year-earlier quarter.

Cash Flow

Cash from operations for the six months ending February 28, 2026 totaled $734 million, up from $646 million in the prior-year period. Cash used in investing activities was $963 million, compared to $503 million a year earlier. Cash from financing activities was $120 million, a swing from cash used of $746 million in the prior-year period.

Financial Summary