On June 17, Jabil rose 9.81% in regular trading, trading at $410.159/share, with turnover of $74.14 million. The surge was driven by the company's fiscal Q3 results that exceeded expectations on both top and bottom lines, coupled with a comprehensive upward revision of full-year guidance.

For the quarter ended May 31, Jabil reported adjusted EPS of $3.16, beating the consensus estimate of $3.10 and representing a 23.9% year-over-year increase. Revenue came in at $8.75 billion, surpassing expectations of $8.61 billion and growing 12% from the prior year. The company raised its full-year revenue outlook from $34 billion to $35 billion and lifted adjusted EPS guidance from $12.25 to $12.70, both above analyst consensus of $34.17 billion and $12.35, respectively. Q4 guidance was also raised, with midpoint EPS of $4.00 versus the Street's $3.72 and revenue midpoint of $9.6 billion versus $8.97 billion expected.

Management highlighted that AI infrastructure demand remains extremely robust, and previously pressured segments including automotive and connected living showed improvement. The company significantly raised its full-year AI-related revenue outlook and lifted adjusted free cash flow expectations to above $1.4 billion.

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