Jabil (JBL) FY2026 results: revenue $36.0 billion, up 20.6% on the year

Jabil builds products for other companies. The filing calls it one of the leading providers of engineering, supply chain and manufacturing solutions, covering the whole product lifecycle from innovation, design and planning through fabrication, assembly, delivery and post-production. Facilities sit worldwide, among them China, Malaysia, Mexico and the United States, so a customer can manufacture the same product in more than one place at once.

The three segments

Regulated Industries covers customers in automotive and transportation, healthcare and packaging, and renewable and energy infrastructure. Intelligent Infrastructure covers the digital ecosystem, artificial intelligence infrastructure included, with customers in capital equipment, cloud and data center infrastructure, and networking and communications. The third segment, Connected Living and Digital Commerce, covers digitalization and automation, including warehouse automation and robotics; from 1 September 2026 it is called Intelligent Devices and Robotics, which the company says reflects a greater emphasis on automation and robotics and a shift toward more complex, engineered work. The name change does not alter what the segment contains.

How it is organised

Most business units serve a single customer and act as that customer's single point of contact, with dedicated production lines, workers, supervisors, buyers, planners and engineers, and direct responsibility for manufacturing results. Manufacturing is highly automated and continuous flow: equipment joined directly or by conveyor into an in-line assembly process, rather than standalone work centers operating in batches, which removes waiting time between operations. The company says it grows partly through acquisitions that add capabilities, industry sectors and customers.

Design

The design teams take on work from turnkey system design and joint development through to industrialization and product optimization. Electronic Design does hardware and embedded software for analog, digital, radio frequency, power, sensor and optical applications, from concept and system architecture to mass production. Experience Design works on user research, industrial design, user interface design and human factors. Mechanical Design handles plastic and metal components, enclosures, sub-assemblies and systems.

Customers and rivals

In fiscal 2026 the five largest customers were approximately 37% of net revenue. Approximately 90% of it came from 76 customers. One customer, reported mainly in Intelligent Infrastructure, was 20% on its own, up from 16% in fiscal 2025. The filing describes the business as highly competitive, against other electronic manufacturing solutions providers, diversified manufacturing service providers and design providers, and against the in-house manufacturing operations of current and potential customers who keep weighing building for themselves against outsourcing.

Supply and people

Components are procured from a broad group of suppliers, chosen assembly by assembly. Some products contain components available from a single source only, and those are allocated from time to time in a shortage, which in some cases curtails production of every assembly using the part. The workforce stood at 140 thousand across approximately 120 locations in 30 countries at 31 August 2026, counting permanent, temporary and contingent workers: 72 thousand in Asia, 52 thousand in the Americas and 16 thousand in Europe. In certain locations employees are represented by labor unions and works councils.

From Jabil's annual report on Form 10-K for the year ended 31 August 2026. The filing

Written from the 10-K filed 23 October 2026: read the full 10-K.