$JBL Jabil Inc. | Understand Stock

What Do They Do?

Provides manufacturing and design services for companies in automotive and healthcare, cloud and data center infrastructure, and connected products.

How Do They Make Money?

Customers pay Jabil to design, source materials for, manufacture, test, and assemble products to their specifications. Jabil generally receives payment after producing and shipping the products, and sometimes collects deposits for inventory purchases.

revenue

Segment	Share	How money arrives
Regulated Industries Sold outright	35% FY2023: 38%	Sold outright
Intelligent Infrastructure Sold outright	50% FY2023: 32%	Sold outright
Connected Living and Digital Commerce Sold outright	15% FY2023: 31%	Sold outright

Who Are Their Customers?

Companies in automotive, healthcare, energy, cloud and data center infrastructure, networking, and connected products buy Jabil's manufacturing and design services. Jabil engages directly with prospective customers and commonly operates dedicated business units for individual customers.

Customers above 10% of revenue, FY2026

of revenue from one customer

FY2025: 16% from one customer

Do Revenues Turn Into Profits?

Yes. It kept 3 cents of every revenue dollar as net income in FY2026 and turned 4 cents into free cash flow.

Operating income, FY2026

5% of revenue

▲ +44% vs FY2025 ($1.2B, 4%)

Net income, FY2026

3% of revenue

▲ +59% vs FY2025 ($657M, 2%)

Free cash flow, FY2026

4% of revenue

▲ +17% vs FY2025 ($1.2B, 4%)

How Are They Changing?

Flat. Revenue was $36B in FY2026, about the same as the $33.5B of FY2022.

Segment structure and markets The older report groups the business into Electronics Manufacturing Services and Diversified Manufacturing Services, serving markets including wireless, digital print, automotive, and connected devices. The latest report uses Regulated Industries, Intelligent Infrastructure, and Connected Living and Digital Commerce, covering renewable energy, cloud and data center infrastructure, and warehouse automation.

Broader design services The older report describes design work centered on electronic circuits, industrial and mechanical design, and product validation. The latest report also describes experience and optical design, plus a wider range of engineering and product verification services.

Revenue over time

Regulated Industries Intelligent Infrastructure Connected Living and Digital Commerce

$50B$25B$0

FY2023 FY2024 FY2025 FY2026