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Jabil Inc. is a leading provider of worldwide manufacturing services and solutions, offering comprehensive electronics design, production, and product management services to companies across various industries and end markets . The company operates through two main segments: Electronics Manufacturing Services (EMS) and Diversified Manufacturing Services (DMS) . Jabil's revenue is primarily derived from production and product management services, which involve manufacturing tangible components built to customer specifications . The company has a global presence, with a substantial portion of its revenue generated from international operations .
- Electronics Manufacturing Services (EMS) - Leverages IT, supply chain design, and engineering technologies centered on core electronics, serving industries such as 5G, wireless and cloud, digital print and retail, industrial and semi-capital equipment, and networking and storage .
- Diversified Manufacturing Services (DMS) - Provides engineering solutions with an emphasis on material sciences, technologies, and healthcare, catering to automotive and transportation, connected devices, and healthcare and packaging industries .
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Mark T. Mondello ExecutiveBoard | Executive Chairman | None | Executive Chairman since May 2023; former CEO (2013-2023) and COO (2002-2013) at Jabil. | |
Gregory B. Hebard Executive | Chief Financial Officer | None | CFO of Jabil since May 2024; joined Jabil in 2009, previously SVP and Treasurer. | |
Michael Dastoor Executive | Chief Executive Officer | Board Member at Columbus McKinnon | CEO of Jabil since May 2024; previously CFO and SVP at Jabil. Chartered Accountant. | View Report → |
Anousheh Ansari Board | Director | CEO of XPRIZE | Director at Jabil since 2016; CEO of XPRIZE and former CEO of Prodea Systems. | |
Christopher S. Holland Board | Director | Board Member at STERIS PLC | Director at Jabil since 2018; extensive financial and operational experience. | |
James Siminoff Board | Director | Chief Strategy Officer at Latch Inc. | Director at Jabil since January 2024; founder of Ring and former CEO of Ring. | |
John C. Plant Board | Director | Chairman and CEO of Howmet Aerospace Inc. | Director at Jabil since 2016; also serves as Chairman and CEO of Howmet Aerospace. | |
Kathleen A. Walters Board | Director | Chairman of Syracuse University Board of Trustees | Director at Jabil since 2019; extensive experience in global consumer products and paper industry. | |
N.V. "Tiger" Tyagarajan Board | Director | Board Member at Genpact Limited | Director at Jabil since January 2024; former CEO of Genpact Limited (2011-2024). | |
Steven A. Raymund Board | Lead Independent Director | Board Member at Wesco International, Inc. | Director at Jabil since 1996; Lead Independent Director since 2021. |
- Your utilization rates have dropped to around 70% due to surplus capacity, yet you have decided not to restructure or reduce the number of sites, believing end markets will come back. How confident are you in this approach, and what is the risk to margins if demand does not recover as expected?
- In fiscal '24, you divested your mobility business and reshaped your portfolio away from legacy networking, accounting for $2.4 billion in revenue loss. How do you plan to achieve organic growth in fiscal '25, and what strategies are in place to offset this significant reduction in revenue?
- Given the anticipated 12% year-on-year growth in the Intelligent Infrastructure segment, primarily driven by AI and data center infrastructure, are you seeing any signs of slowdown or risks to sustaining this growth rate, especially considering potential impacts from consignment in fiscal '25?
- With your AI-related businesses expected to deliver margins in line with or slightly accretive to enterprise targets, can you provide more clarity on the profitability of these investments, and how sustainable are these margins given the rapid pace of technology advancement and competition in AI hardware?
- Despite acknowledging challenges in harnessing AI and the need for significant investment in capabilities such as advanced packaging OSAT and process development for photonics, how are you addressing these challenges to ensure Jabil remains competitive, and what are the potential risks if these investments do not yield the expected returns?
| Customer | Relationship | Segment | Details |
|---|---|---|---|
Apple | Electronics manufacturing and supply chain services | DMS | Contributed 11% of Jabil's FY 2024 total revenue of $28.883 billion (i.e., approximately $3.177 billion) |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Mikros Technologies LLC | 2025 | Jabil Inc. acquired Mikros Technologies LLC on October 1, 2024, for a purchase price of $63 million, with the transaction structured via the acquisition method and including key assets such as $40M in intangible assets and $15M in goodwill allocated to the Intelligent Infrastructure segment. |
ProcureAbility Inc. | 2024 | ProcureAbility Inc. was acquired on November 1, 2023, for approximately $60 million in cash, resulting in total assets of $87 million (including $40M in intangible assets and $38M in goodwill allocated to the DMS segment), while assuming liabilities of $26 million, to enhance its technology-enabled procurement services. |
Recent press releases and 8-K filings for JBL.
- Margin and free cash flow accretion remains a top priority, with a focus on reducing outstanding shares through an 80% free cash flow allocation to share buybacks, a strategy that has delivered strong historical results.
- The company is leveraging its global footprint—with 30 U.S. sites and significant capacity in Mexico—to effectively navigate tariff challenges and drive regionalization of its supply chain.
- Jabil is actively investing in high-growth sectors by executing capability-based acquisitions in intelligent infrastructure and healthcare (including pharma filling), while also preparing to capitalize on long-term opportunities in EV manufacturing.
- Revenue reached $6.7 billion in Q2 2025 with a 3% year-on-year increase (excluding the divested Mobility business), delivering a core operating income of $334 million and core EPS of $1.94.
- Segment performance was mixed: Regulated Industries declined by 8% amid challenges in renewable energy and EV markets, while Intelligent Infrastructure posted an 18% revenue increase with a 110 basis point margin improvement, and Connected Living showed adjusted growth despite a 13% decline due to the Mobility divestiture.
- The company reported strong cash flows with $334 million from operations, a solid balance sheet with debt to core EBITDA at 1.4x and $1.6 billion in cash, continued its share repurchase program by buying 2.5 million shares leaving $364 million of repurchase authorization, and provided positive Q3 and FY '25 guidance including free cash flow expected to exceed $1.2 billion along with strategic acquisitions in the healthcare space.
- Q2 FY 2025 results showed net revenue of $6.7B, U.S. GAAP operating income of $245M, and U.S. GAAP net income of $117M.
- On a non‐GAAP basis, core operating income reached $334M with core diluted EPS of $1.94 and a core margin of 5.0%.
- The company reported strong cash flow with $334M from operating activities and $404M in share repurchases, and provided Q3 guidance with a net revenue range of $6.7B–$7.3B.
- Jabil reported Q2 2025 net revenue of $6.7 billion, with U.S. GAAP operating income of $245 million and GAAP diluted earnings per share of $1.06; non-GAAP core operating income was $334 million and core diluted EPS was $1.94.
- Management highlighted strong year-to-date performance driven by growth in capital equipment, cloud, data center infrastructure, and digital commerce amid evolving geopolitical conditions.
- The company provided Q3 2025 guidance, with net revenue expected to range between $6.7 billion and $7.3 billion, GAAP operating income between $282 million and $352 million, and GAAP diluted EPS between $1.50 and $1.99.