Here are 1-3 brief analogies to describe Jabil:

• TSMC for physical products: Like TSMC manufactures chips designed by other companies, Jabil designs, engineers, and manufactures a vast array of physical products for brands across many industries.
• AWS for the physical world's manufacturing: Similar to how Amazon Web Services provides the foundational infrastructure for countless digital products, Jabil offers the manufacturing and supply chain backbone for a wide range of physical goods.
• A more diversified Foxconn: While Foxconn is known primarily for consumer electronics, Jabil provides similar contract manufacturing and design services for a much broader spectrum of high-tech industries, including healthcare, automotive, cloud, and industrial.

• Product Design & Engineering Services: Jabil offers end-to-end design, development, and validation services for electronic and mechanical products, helping customers bring their innovations to market.
• Contract Manufacturing & Assembly: The company provides high-volume production, assembly, and testing of complex electronic systems and components for a diverse range of global industries.
• Global Supply Chain Management: Jabil delivers comprehensive supply chain solutions, encompassing sourcing, procurement, inventory management, and worldwide logistics for its clients.
• Aftermarket & Lifecycle Services: The company extends product value through post-production support, including repairs, refurbishment, and spare parts management, ensuring long-term product sustainability.

Jabil (symbol: JBL) is a global manufacturing services company that primarily sells its services and products to other companies (B2B). Its business model involves providing comprehensive design, manufacturing, supply chain, and product management services across various industries.

Jabil's major customers include, but are not limited to, the following public companies:

• Apple Inc. (symbol: AAPL) - A long-standing and extremely significant customer, particularly for enclosures and other components. Sales to Apple represented 18% of Jabil's net revenue in fiscal year 2023.
• Amazon.com, Inc. (symbol: AMZN) - Jabil is known for collaborating on various consumer electronics devices (e.g., Kindle, Echo) and cloud infrastructure components.
• Cisco Systems, Inc. (symbol: CSCO) - A key customer in the networking and communications sector, leveraging Jabil's capabilities for enterprise and data center equipment.
• HP Inc. (symbol: HPQ) - Partnering on computing, printing, and other technology products.
• Johnson & Johnson (symbol: JNJ) - A significant customer within Jabil's healthcare division, focusing on medical devices and life sciences solutions.
• Tesla, Inc. (symbol: TSLA) - Jabil provides manufacturing solutions for various automotive electronics and components.

Michael Dastoor, Chief Executive Officer

Michael Dastoor was appointed Chief Executive Officer of Jabil in May 2024 and joined the Board of Directors in September 2024. He has been with Jabil for over two decades, initially joining in 2000 as Regional Controller for Asia Pacific. Throughout his tenure at Jabil, he held various leadership roles, including Controller from 2004 to 2010, Senior Vice President, Controller from 2010 to 2018, and Chief Financial Officer from 2018 until April 2024. Before joining Jabil, Mr. Dastoor served as a Regional Financial Controller for Inchcape PLC, starting in 1993. He holds a degree in Finance and Accounting from the University of Bombay (now Mumbai) and is a Chartered Accountant from the Institute of Chartered Accountants in England and Wales. Mr. Dastoor also serves as an independent director on the Board of Directors for Columbus McKinnon Corporation, a position he assumed in May 2021.

Gregory Hebard, Chief Financial Officer

Gregory Hebard was named Chief Financial Officer of Jabil in May 2024. He joined Jabil in 2009 and has held positions of increasing responsibility within the finance function. His previous roles include Vice President, Financial Planning & Analysis from 2013 to 2017, and Senior Vice President, CFO Green Point from 2017 to 2021. Most recently, he served as Senior Vice President, Treasurer since 2021 until his appointment as CFO. Mr. Hebard holds a master's degree in business from DePaul University and a bachelor's degree in finance from the University of Iowa.

Mark Mondello, Executive Chairman of the Board

Mark Mondello was appointed Executive Chairman of Jabil's Board of Directors effective November 1, 2021. He previously served as Jabil's Chief Executive Officer from 2013 to 2023. Mr. Mondello's career at Jabil began in 1992 as a manufacturing supervisor. He steadily rose through the ranks, becoming a project manager in 1993, Vice President of Business Development in 1997, Senior Vice President of Business Development in 1999, and Chief Operating Officer in 2002. Prior to joining Jabil, Mr. Mondello worked as a commercial and defense-related aerospace project manager for Moog, Inc. He earned a Bachelor of Science degree in Mechanical Engineering from the University of South Florida.

Fred McCoy, Executive Vice President, Operations

Fred McCoy serves as Executive Vice President, Operations at Jabil. He joined Jabil in 2001 and has accumulated over two decades of experience with the company, holding various positions of increasing responsibility. His previous roles include Senior Vice President, Global Business Units from 2017, and Executive Vice President & Chief Executive Officer, Electronics Manufacturing Services from 2021.

Steve Borges, Executive Vice President, Global Business Units

Steve Borges is an Executive Vice President, Global Business Units at Jabil. He joined Jabil in 1993 and possesses extensive global experience in numerous areas, including operations, business development, manufacturing operations, and supply chain management. He previously served as Executive Vice President & Chief Executive Officer, Diversified Manufacturing from July 2022, and Executive Vice President & Chief Executive Officer, Regulated Industries from 2020. From September 2015, he was Executive Vice President & Chief Executive Officer, Healthcare. Mr. Borges returned to Jabil after a previously announced retirement to assume his current role.

Jabil Inc. (JBL) operates across two primary segments: Electronics Manufacturing Services (EMS) and Diversified Manufacturing Services (DMS), providing design, engineering, manufacturing, and supply chain solutions to a wide array of industries globally.

Addressable Markets for Jabil's Main Products and Services:

• Electronics Manufacturing Services (EMS): The global electronics manufacturing services market was valued at approximately USD 609.79 billion in 2024 and is projected to grow to about USD 1,033.17 billion by 2032, exhibiting a Compound Annual Growth Rate (CAGR) of 6.89% during the forecast period (2025-2032). Another estimate places the global market at USD 626.8 billion in 2024, with a projected growth to USD 1,130.89 billion by 2034 at a CAGR of 6.95% from 2025 to 2034.

• Healthcare Solutions (Healthcare Contract Manufacturing): The global healthcare contract manufacturing market was estimated at USD 213.06 billion in 2024 and is projected to reach USD 566.16 billion by 2033, growing at a CAGR of 11.7% from 2025 to 2033. Another source indicates the global healthcare contract manufacturing market size was USD 360.05 billion in 2024 and is projected to grow to USD 1,697.1 billion by 2033.

• Automotive Electronics Manufacturing: The global automotive electronics market size was estimated at USD 262.60 billion in 2023 and is projected to reach USD 468.17 billion by 2030, with a CAGR of 8.8% from 2024 to 2030. Other forecasts show the market reaching USD 430.0 billion in 2025 and USD 980.0 billion by 2035 at a CAGR of 9.2%.

• 5G Infrastructure Manufacturing: The global 5G infrastructure market size was valued at USD 14.81 billion in 2024 and is estimated to reach USD 368.85 billion by 2033, growing at a CAGR of 39.50% from 2025-2033. Another report estimates the market at USD 16.69 billion in 2023, projected to reach USD 95.88 billion by 2030.

• Cloud Data Center Equipment Manufacturing: The global data center equipment market was valued at USD 285.6 billion in 2024 and is projected to reach USD 569.08 billion by 2032, growing at a CAGR of 9%. The cloud data center market specifically was valued at over USD 20 billion in 2022 and is estimated to grow to USD 70 billion by 2032 at a CAGR of 10%.

• Industrial Solutions Manufacturing: The global industrial automation market size was USD 210.50 billion in 2022, with a projected revenue CAGR of 8.6% during the forecast period. The global industrial services market is projected to reach USD 54.69 billion by 2030 from USD 34.41 billion in 2025, growing at a CAGR of 9.7% from 2025 to 2030.

Jabil (JBL) is strategically positioned to drive future revenue growth over the next 2-3 years through several key areas:

1. Growth in AI and Data Center Infrastructure: Jabil anticipates significant revenue expansion from the booming artificial intelligence (AI) and data center infrastructure markets. The company is experiencing strong demand for server racks, networking solutions, next-generation cooling and power solutions, and system-level integration crucial for AI, machine learning, and high-performance computing. Jabil has also announced a significant U.S. manufacturing expansion specifically targeting cloud and AI data center infrastructure customers.
2. Expansion in Healthcare and Pharmaceutical Delivery Solutions: This segment is a significant growth driver, with healthy traction observed in the healthcare and packaging end markets. Jabil is focused on new program wins in healthcare, emphasizing biologics, GLP-1s, and injectables, as well as a strategic pivot towards medical devices.
3. Advancements in Warehouse and Retail Automation: Within its Connected Living & Digital Commerce segment, Jabil expects growth from advanced warehouse and retail automation solutions.
4. Increased Penetration in Electric Vehicles (EV) and Automotive Solutions: Jabil is expanding its presence in the automotive market, particularly through offerings for software-defined vehicles, advanced driver assistance systems, and other powertrain-agnostic solutions, despite some short-term market softness in certain areas.
5. Strategic Reorganization and Diversification: The company's organizational restructuring into three core segments—Regulated Industries, Intelligent Infrastructure, and Connected Living & Digital Commerce—is designed to enhance growth by developing domain-specific expertise and capitalizing on various secular trends.

Share Repurchases

• Jabil authorized a new $1 billion share repurchase program on July 17, 2025, and aims to complete it within fiscal year 2025.
• The company completed a prior $1 billion share repurchase authorization during Q4 FY2025.
• Jabil repurchased $2.5 billion in shares in 2024 and $487 million in 2023.

Outbound Investments

• Jabil signed a definitive agreement to acquire Hanley Energy Group for approximately $725 million, plus up to $58 million in contingent consideration, with the transaction expected to close in Q1 calendar year 2026.
• The company recently acquired Mikros Technologies, a New Hampshire-based provider of liquid cooling and thermal management solutions, which serves AI data center infrastructure, energy storage, and semiconductor testing.

Capital Expenditures

• Jabil's net capital expenditures were $322 million for the full fiscal year 2025, or 1.1% of revenue. The company anticipates net capital expenditures for FY2025 to be in the range of 1.5% to 2.0% of net revenue.
• Jabil plans a multi-year $500 million investment to expand its manufacturing footprint in the Southeast United States, specifically to support cloud and AI data center infrastructure customers, with the new facility expected to be operational by mid-2026.
• Capital expenditures primarily support ongoing maintenance in Regulated Industries, Intelligent Infrastructure, and Connected Living and Digital Commerce segments, along with investments in new capabilities and targeted end markets.