Jabil Clocks 11% Revenue Growth In Q2; Boosts FY22 Outlook

Jabil Inc JBL reported second-quarter FY22 revenue growth of 10.6% year-on-year to $7.55 billion, beating the consensus of $7.43 billion.
Segments: Diversified Manufacturing Services (DMS) revenue grew 4% Y/Y. Electronics Manufacturing Services (EMS) revenue improved 19% Y/Y.
Jabil's non-GAAP EPS of $1.68 beat the consensus of $1.47.
Jabil held $1.09 billion in cash and equivalents.
"The Jabil team delivered another strong quarter in Q2, highlighted by outstanding operational execution and skillful management of current supply chain dynamics," said Chair and CEO Mark Mondello.
Outlook: Jabil sees Q3 FY22 revenue of $7.9 billion - $8.5 billion, above the consensus of $7.71 billion.
Jabil sees non-GAAP EPS of $1.40 - $1.80 versus the consensus of $1.46.
Jabil raised the FY22 revenue outlook from $31.8 billion to $32.6 billion, above the consensus of $31.85 billion.
Jabil raised the non-GAAP EPS guidance from $6.55 to $7.25, above the consensus of $6.62.
Price Action: JBL shares traded higher by 8.31% at $60.45 in the premarket session on the last check Wednesday.

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