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Zacks Investment Ideas feature highlights: Micron and Jabil
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For Immediate Release
Chicago, IL – October 5, 2026 – Today, Zacks Investment Ideas features Micron Technology (MU - Free Report) and Jabil (JBL - Free Report)
Buy Jabil (JBL - Free Report) Stock as AI Infrastructure Demand Fuels Strong Results
Along with Micron Technology, electronics manufacturerJabil was a tech highlight of this week’s earnings lineup, delivering impressive fiscal fourth-quarter results as booming demand for artificial intelligence infrastructure continues to fuel rapid growth.
Adding to the appeal, Jabil’s Zacks Electronics-Manufacturing Services Industry currently ranks in the top 11% of more than 240 Zacks industries, highlighting a favorable backdrop for the company and its peers.
That said, let’s take a look at Jabil’s Q4 results and guidance, along with its valuation, to see if now is still a good time to buy JBL or if much of the upside is already priced into the stock.
Jabil’s Strong Q4 Results
Jabil posted Q4 adjusted earnings of $4.40 per share, up roughly 34% from $3.29 a year ago and 8% above the Zacks EPS Consensus of $4.06.
Revenue climbed 28.6% year over year to $10.62 billion, comfortably surpassing expectations of $9.62 billion by nearly 10%. The standout was Jabil's Intelligent Infrastructure business, where revenue surged 56% to approximately $5.8 billion as AI-related demand accelerated beyond management's already-strong expectations.
Jabil also benefited from better-than-expected performance in automotive and transportation, as well as renewable and energy infrastructure products, broadening Q4 strength beyond AI alone.
AI Growth Should Remain a Major Catalyst
Management expects the momentum to continue in fiscal 2027, projecting revenue to increase 24% to $44.5 billion, while adjusted EPS is forecast to jump 34% to $17.55. Jabil also expects its core operating margin to expand 30 basis points to 6.1%.
This comes as Jabil's expanding AI and data-center exposure is placing it alongside electronics manufacturing leaders such as Celestica (CLS) and Sanmina (SANM), which are competing for many of the same advanced electronics and infrastructure manufacturing opportunities.
JBL Performance & Valuation Comparison
Year to date, Jabil stock is up 30%, roughly on par with its Zacks Electronics-Manufacturing Services Industry and ahead of the S&P 500 and Nasdaq’s gains of 11% and 16%, respectively.
Despite outperforming the broader stock market indexes over the last two years as well, JBL’s 150% return has trailed its Zacks industry’s 251% gain, with Sanmina stock up more than 230% during this period and Celestica shares skyrocketing over 600%.
At current levels, JBL is trading at a reasonable 19X forward earnings multiple, offering a modest discount to the S&P 500’s 21X and its Zacks industry average of 24X.
JBL’s strong earnings outlook for FY27 certainly adds to the appeal, with Celestica shares trading at a much richer 32X forward earnings, although Sanmina stands out at just 15X.
Bottom Line
Jabil's Q4 results reinforced its compelling growth story, with AI infrastructure supporting accelerating revenue and earnings growth.
Still, investors may not need to aggressively chase JBL following its substantial run over the last year. For now, Jabil stock lands a Zacks Rank #3 (Hold), suggesting better buying opportunities could still be ahead.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Zacks Investment Ideas feature highlights: Micron and Jabil
For Immediate Release
Chicago, IL – October 5, 2026 – Today, Zacks Investment Ideas features Micron Technology (MU - Free Report) and Jabil (JBL - Free Report)
Buy Jabil (JBL - Free Report) Stock as AI Infrastructure Demand Fuels Strong Results
Along with Micron Technology, electronics manufacturerJabil was a tech highlight of this week’s earnings lineup, delivering impressive fiscal fourth-quarter results as booming demand for artificial intelligence infrastructure continues to fuel rapid growth.
Adding to the appeal, Jabil’s Zacks Electronics-Manufacturing Services Industry currently ranks in the top 11% of more than 240 Zacks industries, highlighting a favorable backdrop for the company and its peers.
That said, let’s take a look at Jabil’s Q4 results and guidance, along with its valuation, to see if now is still a good time to buy JBL or if much of the upside is already priced into the stock.
Jabil’s Strong Q4 Results
Jabil posted Q4 adjusted earnings of $4.40 per share, up roughly 34% from $3.29 a year ago and 8% above the Zacks EPS Consensus of $4.06.
Revenue climbed 28.6% year over year to $10.62 billion, comfortably surpassing expectations of $9.62 billion by nearly 10%. The standout was Jabil's Intelligent Infrastructure business, where revenue surged 56% to approximately $5.8 billion as AI-related demand accelerated beyond management's already-strong expectations.
Jabil also benefited from better-than-expected performance in automotive and transportation, as well as renewable and energy infrastructure products, broadening Q4 strength beyond AI alone.
AI Growth Should Remain a Major Catalyst
Management expects the momentum to continue in fiscal 2027, projecting revenue to increase 24% to $44.5 billion, while adjusted EPS is forecast to jump 34% to $17.55. Jabil also expects its core operating margin to expand 30 basis points to 6.1%.
This comes as Jabil's expanding AI and data-center exposure is placing it alongside electronics manufacturing leaders such as Celestica (CLS) and Sanmina (SANM), which are competing for many of the same advanced electronics and infrastructure manufacturing opportunities.
JBL Performance & Valuation Comparison
Year to date, Jabil stock is up 30%, roughly on par with its Zacks Electronics-Manufacturing Services Industry and ahead of the S&P 500 and Nasdaq’s gains of 11% and 16%, respectively.
Despite outperforming the broader stock market indexes over the last two years as well, JBL’s 150% return has trailed its Zacks industry’s 251% gain, with Sanmina stock up more than 230% during this period and Celestica shares skyrocketing over 600%.
At current levels, JBL is trading at a reasonable 19X forward earnings multiple, offering a modest discount to the S&P 500’s 21X and its Zacks industry average of 24X.
JBL’s strong earnings outlook for FY27 certainly adds to the appeal, with Celestica shares trading at a much richer 32X forward earnings, although Sanmina stands out at just 15X.
Bottom Line
Jabil's Q4 results reinforced its compelling growth story, with AI infrastructure supporting accelerating revenue and earnings growth.
Still, investors may not need to aggressively chase JBL following its substantial run over the last year. For now, Jabil stock lands a Zacks Rank #3 (Hold), suggesting better buying opportunities could still be ahead.
Free: Instant Access to Zacks' Market-Crushing Strategies
Since 2000, our top stock-picking strategies have blown away the S&P's +7.7% average gain per year. Amazingly, they soared with average gains of +48.4%, +50.2% and +56.7% per year.
Today you can tap into those powerful strategies – and the high-potential stocks they uncover – free. No strings attached.
Get all the details here >>
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.