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Jabil Inc. has raised its fiscal 2026 revenue and earnings guidance while providing initial projections for fiscal 2027, citing strong demand in AI infrastructure and intelligent systems.
Matthew Crowley, Jabil's Executive Vice President of Global Business Units, sold 3,922 shares of company common stock.
Flex Ltd. has completed its acquisition of EPC Power, adding advanced power conversion and grid-forming technologies to its Cloud and Power Infrastructure (CPI) portfolio. EPC Power brings 15 GW of deployed technology and supports next-generation 800-volt data center systems. Flex expects 65-75% CPI revenue growth in fiscal 2027, ahead of its planned separation into Axiom Solutions International in Q1 calendar 2027.
Jabil, a contract electronics manufacturer, is positioned to double by 2030 due to strong AI infrastructure demand. The company manufactures AI server racks, cooling systems, and power management solutions for major hyperscalers like Meta, Amazon, and Google. With AI revenue expected to jump from $14.4 billion in fiscal 2026 to $22.1 billion in fiscal 2027, and consensus estimates projecting EPS of $25.93 by fiscal 2029, analysts believe the stock could reach $660 by 2030, representing 128% upside from current levels.
The Memorandum of Understanding (MoU) sets out a proposed joint venture (JV) between Jabil and Adani for building a multi-gigawatt AI infrastructure platform in India — spanning AI racks, servers, networking, power and