Melissa Fairbanks's questions to JABIL (JBL) leadership • Q1 2025
Question
Asked for an update on the automotive and transport end markets, specifically regarding EV weakness, and inquired about the new post-divestiture seasonality of the business.
Answer
The company sees near-term weakness and uncertainty in the EV market outside of China but remains positioned to support various platforms (ICE, hybrid, EV). The business's seasonality is now less pronounced; the second-half margin ramp is driven by the timing of program ramps (DCI, warehouse automation), the recovery in higher-margin semi-cap, and cost optimization efforts, not just the absence of the former Mobility business.