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May 31, 2023
Jabil Q3 2023 Earnings Report
Jabil reported strong Q3 2023 results, driven by diversified end-market portfolio and worldwide connected factory network.
Key Takeaways
Jabil reported net revenue of $8.5 billion and U.S. GAAP diluted earnings per share of $1.72 for the third quarter of fiscal year 2023. The company's performance was driven by its diversified end-market portfolio and worldwide connected factory network. Jabil also raised its outlook for fiscal year 2023, now expecting to deliver $8.50 in core earnings per share on $34.7 billion in revenue.
Net revenue was $8.5 billion.
Diversified Manufacturing Services (DMS) year-on-year revenue grew by 13 percent.
Electronics Manufacturing Services (EMS) year-on-year revenue declined by 8 percent.
U.S. GAAP diluted earnings per share was $1.72.
Forward Guidance
Jabil expects net revenue between $8.2 billion and $8.8 billion, U.S. GAAP operating income between $400 million and $460 million, and U.S. GAAP diluted earnings per share between $1.96 and $2.32 for the fourth quarter of fiscal year 2023.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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