- Jabil (NYSE:JBL) expects FQ2 revenue of $4.15B-$4.35B and EPS of $0.39-$0.50, above a consensus of $4.12B and $0.38.
- An expected 53% Y/Y increase in Diversified Manufacturing Services (DMS) revenue has much to do with the outlook - strong iPhone-related demand is likely playing a big role. Electronics Manufacturing Services (EMS) revenue is expected to be up 3%.
- DMS revenue totaled $1.92B in FQ1, and EMS revenue $2.63B. Gross margin rose 70 bps Y/Y to 8.4%; op. margin fell 30 bps to 3.2%, thanks to a 50% increase in GAAP SG&A spend to $214.4M.
- FQ1 results, PR