Jabil Projects 16% Q4 Revenue Growth, Secures Third Hyperscaler and India AI Platform
JBL•Jabil raised Q4 revenue guidance to $9.2–10.0 billion, implying 16% year-over-year growth at the midpoint, backed by robust AI infrastructure demand. The company added a third hyperscaler customer, sees a $500 million upside in its Intelligent Infrastructure guide and is targeting multi-gigawatt AI manufacturing capacity in India for fiscal 2028.
1. Q4 Revenue Guidance Raises Growth Outlook
Jabil projects Q4 revenue of $9.2–10.0 billion, reflecting 16% year-over-year growth at the midpoint, driven by strong demand in AI infrastructure and data center solutions.
2. Hyperscaler Expansion and India Partnership
The company secured its third hyperscaler customer, expecting initial revenue of several hundred million dollars in fiscal 2027, and is collaborating with Adani Enterprises to develop multi-gigawatt AI data center manufacturing capacity in India by fiscal 2028.
3. Capacity Expansion and Capital Discipline
Jabil plans a 10% increase in its global footprint while maintaining CapEx at 1.5–2% of revenue, ensuring support for projected AI and data center growth without raising capital intensity.
4. Infrastructure Guide Upside and Networking Surge
Intelligent Infrastructure demand contributes an additional $500 million upside for fiscal 2026, complemented by a 50% surge in networking revenue last year, particularly in InfiniBand, Ethernet, and silicon photonics markets in India.
