Question · Q4 2025
Brian, on behalf of David Vogt, asked why EV is expected to be down in FY26 despite new programs ramping, focusing on regional weakness in Europe/U.S. versus strength in China. He also inquired about the implications of a warrant deal between one of Jabil's competitors and Amazon for the industry or the company itself.
Answer
Steve Borges, EVP of Regulated Industries, Jabil, explained that the EV decline forecast reflects prudence due to automaker volatility, portfolio resets (EV, ICE, hybrid), and declining EV market share in the U.S., while noting growth in China and continued ACES strategy. Greg Hebard, CFO, Jabil, added that Jabil maintains a conservative forecasting approach. Matt Crowley, EVP of Intelligent Infrastructure, Jabil, stated that Jabil was the first EMS to do warrants with that company and views the competitor's warrant portfolio as redundant, not complimentary. He expressed no concern, expecting such deals due to high demand, and affirmed Jabil benefits from its existing agreement.
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