Jabil Posts Strong First Quarter 2025 Results

Jabil Inc. reported preliminary, unaudited financial results for its first quarter of fiscal year 2025.

First quarter of fiscal year 2025 highlights included:
• Net revenue: $7 billion
• US GAAP operating income: $197 million
• US GAAP diluted earnings per share: $0.88
• Core operating income (non-GAAP): $347 million
• Core diluted earnings per share (non-GAAP): $2.00

“I am very pleased with our first fiscal quarter results, which came in stronger than we anticipated driven by incremental strength in our Cloud, Data Center Infrastructure, and Digital Commerce end-markets. As a result, the team was able to deliver strong Core EPS and cash flow generation during the quarter,” said Jabil CEO Mike Dastoor.

“We now anticipate approximately $27.3 billion in net revenue, with core operating margins of 5.4%. Core earnings per share now are expected to be $8.75. Importantly, for the year we continue to foresee robust adjusted free cash flow generation of $1.2 billion,” he concluded.

Second quarter of fiscal year 2025 outlook:
• Net revenue: $6.1 billion to $6.7 billion 
• US GAAP operating income: $183 million to $263 million 
• US GAAP diluted earnings per share: $0.69 to $1.27 per diluted share 
• Core operating income (non-GAAP): $286 million to $346 million 
• Core diluted earnings per share (non-GAAP): $1.60 to $2.00 per diluted share 

Fiscal year 2025 outlook: 
• Net revenue: $27.3 billion 
• Core operating margin (non-GAAP): 5.4% 
• Core diluted earnings per share (non-GAAP): $8.75 per diluted share 
• Adjusted free cash flow (non-GAAP): $1.2 billion