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Feb 28, 2023
Jabil Q2 2023 Earnings Report
Jabil reported strong Q2 results driven by excellent operational execution and solid revenue growth.
Key Takeaways
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.
Jabil
Jabil
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.