JABIL INC (JBL)

Jabil is a provider of engineering, manufacturing, and supply chain solutions. It offers design, production, and product management services across the full product lifecycle, from innovation, design, and planning through fabrication, assembly, and delivery. The aim is to help customers lower manufacturing costs, improve supply chain efficiency, reduce inventory risk, cut transportation expenses, and speed product fulfillment. For the fiscal year ended August 31, 2025, Jabil reported net revenues of $29.8 billion and net income attributable to Jabil Inc. of $657 million.

The company reports three segments, organized by the end markets that its business units serve. Regulated Industries covers automotive and transportation, healthcare and packaging, and renewables and energy infrastructure. Intelligent Infrastructure covers capital equipment, cloud and data center infrastructure, and networking and communications, including AI infrastructure. Connected Living and Digital Commerce covers digitalization and automation, including warehouse automation and robotics. Services include electronic, experience, mechanical, and optical design, industrialization engineering, product verification, and manufacturing test solution development. Jabil also provides systems assembly, testing, direct-order fulfillment, and configure-to-order services. Research and development spans areas such as automation, advanced interconnects, injection molding, thermal management, sensors, co-packaged optics, silicon photonics, semiconductor assembly and test, and AI and machine learning.

Jabil serves companies in expanding, technology-driven industries. A small number of customers and sectors have historically made up a major share of revenue. In fiscal 2025, the five largest customers accounted for about 36% of net revenue, and 87 customers accounted for about 90%. One customer represented 16% of net revenue, reported primarily in Intelligent Infrastructure. Jabil also markets through its website, social media, industry events, and direct outreach to prospective customers.

Most business units serve a single customer with dedicated production lines, workers, buyers, planners, and engineers. Manufacturing is highly automated and continuous flow, supported by computerized control and monitoring and electronic supply chain tools. These tools include a single enterprise resource planning system and centralized procurement. Operations are located worldwide, including China, Malaysia, Mexico, and the United States, and span roughly 100 locations in 30 countries with about 135,000 employees, including temporary and contingent workers. Jabil buys components from a broad group of suppliers on an assembly-by-assembly basis. Some components come from a single source and can be subject to shortages. It competes with electronic manufacturing solutions providers, diversified manufacturing service providers, design providers, and the in-house manufacturing operations of customers, mainly on cost, speed to market, efficiency, global locations, technology, quality, and component pricing. Jabil relies on intellectual property laws, nondisclosure agreements, and internal security measures to protect its proprietary technology, and it holds a relatively modest number of patents.