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Nov 30, 2022
Jabil Q1 2023 Earnings Report
Jabil's Q1 FY23 performance was outstanding, driven by strong demand, favorable product mix, and excellent execution, resulting in core EPS of $2.31 on revenue of $9.6 billion.
Key Takeaways
Jabil reported strong first quarter results for fiscal year 2023, with revenue reaching $9.6 billion and core EPS at $2.31. The company's performance was driven by strong demand, a favorable product mix, and excellent execution. Jabil is raising its core EPS outlook for the year to $8.40.
Net revenue was $9.6 billion.
Diversified Manufacturing Services (DMS) year-on-year revenue growth was 8 percent.
Electronics Manufacturing Services (EMS) year-on-year revenue growth was 18 percent.
U.S. GAAP diluted earnings per share was $1.61.
Forward Guidance
Jabil provided guidance for the second quarter of fiscal year 2023, including net revenue between $7.8 billion and $8.4 billion and U.S. GAAP diluted earnings per share between $1.44 and $1.84. The company also updated its outlook for the full fiscal year 2023, raising its core EPS to $8.40.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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