Jabil Circuit Inc

Jabil is a contract manufacturer: other companies hire it to design, build and deliver their products, which are typically sold under the customer's brand. Its work spans the full product life, from design and planning to purchasing parts, assembly, shipping and post-production support. Customers use Jabil to lower manufacturing costs, hold less inventory, cut transportation costs and get products to market faster. Most of its business units serve a single customer with dedicated production lines and staff.

In the fiscal year ended August 31, 2026, Jabil had revenue of $36.0 billion and net income of $1.0 billion, so it kept about 3 cents of profit per dollar of sales. Intelligent Infrastructure, which serves customers in artificial intelligence (AI) and cloud data centers, networking and capital equipment, was the largest segment at 49.7% of revenue. Regulated Industries, covering automotive, healthcare, packaging and energy infrastructure, brought in 35.3%. Connected Living and Digital Commerce, which includes warehouse automation and robotics, made up 15%. It was renamed Intelligent Devices and Robotics on September 1, 2026.

Jabil has factories worldwide, including in China, Malaysia, Mexico and the United States. In its annual report's breakdown by country, the U.S. accounted for 26.9% of fiscal 2026 revenue, Mexico 20%, Malaysia 12.2% and China 11.4%, with other countries making up 29.5%.

• In Q4 FY2026 (ended Aug 31, 2026), revenue was $10.62B, up 28.6% from a year earlier, and net income was $398.0M (+82.6%).
• For fiscal 2026, revenue was $35.95B (+20.6% year over year; +4.2% a year from FY2021 to FY2026) with a 2.9% net margin.

• Over FY2022–FY2026: $5.74B in buybacks and $206.0M in dividends.
• Regular dividend per share increased 1 years in a row.
• Regular dividends per share grew -0.1% a year over 5 years (FY2021–FY2026).
• Dividends took 3.4% of earnings and 2.5% of free cash flow in the latest fiscal year.
• Shares outstanding changed -28.2% from Dec 31, 2021 to Oct 20, 2026.

Rank among 1514 US companies

Market value at each year end

Jabil Circuit’s market value went from $4.31B at the end of 2016 to $27.43B on Nov 2, 2026, about 6.4 times as much; since the end of 2025 it is up 13%.

Form 4 filings from 2025-10-31 to 2026-10-31 (25 read): 0 open-market purchases and 7 sales ($1.4M), 6 of them under pre-arranged 10b5-1 trading plans.

Large shareholders (13G filings)

ETFs with the most weight in JBL

1. Customers can cut or cancel orders. Many customers commit to firm schedules no more than one quarter ahead. Canceled or reduced orders can leave Jabil with idle capacity and unsold inventory, while largely fixed costs squeeze already thin margins.
2. A few big customers drive revenue. Jabil relies on a relatively small number of customers for much of its revenue. The company says losing business from one of them has caused a significant revenue decline before and could again.
3. Parts shortages and rising component prices. Jabil must purchase components and materials efficiently to keep production running. Shortages or price increases can interrupt operations, cut profit, raise inventory costs and push it toward lower-quality parts.
4. Most revenue comes from overseas operations. Jabil earns a substantial majority of revenue from international operations, with facilities in China, Malaysia, Mexico and elsewhere. These carry extra risks, demand more management time and expense, and expose results to currency swings.
5. Medical device defects carry heavy liability. Jabil designs and makes medical devices, where a defect or malfunction could cause death or serious injury. That brings stricter healthcare rules and the risk of costly legal claims and reputational damage.
6. Debt, interest rates and credit rating. Jabil had $3.4 billion of debt and $1.7 billion of cash and investments as of August 31, 2026. Debt could grow, higher rates raise borrowing costs, and a credit downgrade could add to them.

• Sep 30, 2026 Quarterly results released
• Jun 17, 2026 Quarterly results released
• Apr 22, 2026 Other company announcement
• Mar 18, 2026 Quarterly results released
• Jan 28, 2026 Executive or board change
• Jan 27, 2026 Shareholder vote results
• Jan 23, 2026 Major agreement signed; Other company announcement
• Dec 17, 2025 Quarterly results released

Jabil pays a small dividend that has barely changed in five years: about $0.33 per share in fiscal 2021 and 2026. The yield was 0.11% as of October 28, 2026. Dividends used 3.4% of fiscal 2026 earnings and 2.5% of free cash flow (cash left after running and investing in the business). Jabil returns far more through buybacks, spending $5.7 billion repurchasing shares in fiscal 2022 through 2026 versus $206 million on dividends. Its share count fell 28.2% from December 31, 2021 to October 20, 2026. For an investor who needs regular income, the dividend adds very little.

The share price has fallen hard in downturns. It dropped 85.1% in the 2008 financial crisis, taking about 22 months from the low to regain its peak. It fell 51.4% in the 2020 COVID crash and 28.9% in the 2022 bear market, and made up both losses within a year. A single stock carries more risk than a diversified fund.