Jabil Announces $1 Billion Share Repurchase Authorization
"One of our top capital allocation priorities is returning value to shareholders through share repurchases,' said CEO Mike Dastoor. 'This new authorization reflects our confidence in the strength and resilience of our diversified business portfolio, our ability to generate consistent cash flow, and our disciplined commitment to long-term value creation.'
Since 2016, Jabil has returned approximately $7 billion to shareholders through both share repurchases and dividends. As part of this shareholder return framework, Jabil has repurchased approximately 110.2 million shares at an average price of $59.46.
'Our team continues to drive strong results in a complex environment. We see powerful tailwinds in AI infrastructure and compelling opportunities in healthcare and digital commerce as we manage near-term volatility in electric vehicles, renewables, and 5G with discipline and focus. We are staying agile in shifting market conditions while advancing our long-term strategy,' added Dastoor. 'I am incredibly optimistic about the future we're building together and look forward to sharing more about our outlook for fiscal year 2026 during Jabil's eighth annual virtual investor briefing in late September.'
About Jabil:
At Jabil (NYSE: JBL), we are proud to be a trusted partner for the world's top brands, offering comprehensive engineering, supply chain, and manufacturing solutions. With over 50 years of experience across industries and a vast network of over 100 sites worldwide, Jabil combines global reach with local expertise to deliver both scalable and customized solutions. Our commitment extends beyond business success as we strive to build sustainable processes that minimize environmental impact and foster vibrant and diverse communities around the globe. Discover more at www.jabil.com.
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