Jabil forecasts full-year results above estimates on AI data center demand

Sept 30 (Reuters) - Jabil ‌forecast profit ​and ​revenue for the fiscal year 2027 above Wall Street estimates on Wednesday, ‌as the electronics component maker banks on ⁠demand from AI data centers.

Rising investments in data ‌center infrastructure, driven by ‌strong demand for computing capacity to support AI technologies, have benefited electronics companies such ​as Jabil.

• CEO Mike Dastoor said Jabil's fiscal 2027 outlook was driven by strong ⁠AI demand and growth across sectors including automotive, healthcare, energy ​infrastructure, defense and aerospace, and warehouse and retail automation

• Jabil makes servers, networking ​gear and other hardware ‌supporting artificial intelligence workloads

• It expects full-year 2027 revenues of $44.5 billion, ⁠above analysts' average expectations of $42.79 billion, according to data compiled by LSEG

• The company expects annual ⁠adjusted earnings per share of $17.55, above analysts estimates of $16.87

• ​The manufacturer, which makes components for Apple, posted fourth-quarter adjusted profit per share of $4.40, above analysts' expectations of $4.07

• ‌Fourth-quarter revenue rose 28.6% to $10.62 billion, beating Wall Street estimates of $9.71 ‌billion

• Shares of the St. Petersburg, Florida-based ⁠company were down 2% ‌in premarket trading ​following the results

(Reporting by Megavarshini G. Somasundaram in Bengaluru; Editing by Sahal ‌Muhammed)

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