Latest news with #Jabil
Bloomberg
an hour ago
- Business
- Bloomberg
Stock Movers: Jabil Rises, Fluence Energy Up, Verve Soars
On this episode of Stock Movers: Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Scarlet Fu, Alix Steel, Carol Massar and Tim Stenovec. - Jabil (JBL) shares are up 2.9% in premarket trading, after the manufacturing services company reported third-quarter results that beat expectations and raised its full-year forecast. JPMorgan writes that the report shows 'robust revenue trends,' which 'was primarily driven by the Intelligent Infrastructure segment, which we believe is led by share gains with the primary customer in Cloud compute.' The report 'also highlights stable or positive trends across cyclical end markets, with Regulated Industries and Connected Living & Digital Commerce tracking in line with better than prior guide, and will be a pleasant surprise for investors relative to the general pessimism relative to the macro.' - Fluence Energy (FLNC) shares climbed as much as 19%, the most intraday in over a month, after the Senate Finance Committee released its version of a budget reconciliation bill that JPMorgan analysts believe is positive for energy storage firms. 'Energy storage is exempt from the phase-down, meaning that full credits would remain in place as written in current law,' JPMorgan analyst Mark Strouse writes. The tax bill did phase down tax credits for solars, which is weighing on the shares on Tuesday. - Verve Therapeutics (VERV) shares soared 82% in premarket trading after the Financial Times reported that Eli Lilly is in advanced talks to buy the gene-editing startup for as much as $1.3 billion. Shares in Eli Lilly edge lower, falling 1.1%. The deal could be announced as soon as this week, FT reported. BMO Capital Markets analyst Evan David Seigerman is cautious on potential acquisition of Verve by Lilly, as he would 'question the ultimate commercial viability of gene editing for primary care conditions.' Verve shares closed at $6.3 in New York on Monday; up 11% year-to-date.
Yahoo
an hour ago
- Business
- Yahoo
S&P 500 Gains & Losses Today: Solar Stocks, Airline Shares Fall; Jabil Climbs
The S&P 500 slipped 0.8% on Tuesday, June 17, 2025, with concerns about escalation in the Middle East rising as President Trump adopted a tougher tone toward Iran. Shares of solar companies and other renewable energy players fell as a Senate budget proposal supported a phase-out of clean-energy tax credits. Jabil shares soared after the circuit board maker topped quarterly estimates, highlighting strong AI-driven U.S. equities indexes lost ground as President Donald Trump escalated his rhetoric against Iran, reinvigorating concerns about the potential for drawn-out fighting in the Middle East and the possibility that the U.S. could take a more active role in the conflict. The S&P 500 dropped 0.8% on Tuesday. The Dow industrials ended the session 0.7% lower, while the tech-heavy Nasdaq was down 0.9%. Read Investopedia's full coverage of today's trading here. Shares of renewable energy companies plunged as a Senate budget proposal maintained the House reconciliation bill's elimination of clean-energy tax credits. A draft Senate bill stipulates a phase-out of solar and wind energy tax credits by 2028 but extends incentives for hydro, nuclear, and geothermal power until 2036. Shares of solar microinverter maker Enphase Energy (ENPH) plummeted 24%, losing the most of any S&P 500 stock, while shares of panel manufacturer First Solar (FSLR) fell 18%. Shares of power utility AES Corp. (AES), which garners a majority of its renewable energy revenue from wind and solar, sank 8.1%. Airline stocks ran into some turbulence after the CEO of JetBlue (JBLU) said the carrier would be dropping unprofitable routes, among other cost-cutting measures, in response to soft travel demand. JetBlue shares lost 7.9%, while shares of rivals United Airlines (UAL) and Delta Air Lines (DAL) were down 6.2% and 4.3%, respectively. Rising oil prices also weighed on airline shares. T-Mobile US (TMUS) shares slid 4.1% following reports that Japanese investment firm SoftBank (SFTBY) sold a major portion of its stake in the telecommunications giant. According to Bloomberg, SoftBank unloaded 21.5 million T-Mobile shares at a discount to the stock's Monday closing price. The Tokyo-based conglomerate could use the $4.8 billion it raised to fund investments in the artificial intelligence space. Shares of circuit board maker Jabil (JBL) surged 8.9%, reaching a record high and securing the day's top performance in the S&P 500. The company posted better-than-expected sales and profits for its fiscal third quarter and lifted its full-year guidance. Jabil highlighted its Intelligent Infrastructure segment, which is benefitting from strong AI-related demand, as a growth driver, despite some softness in its electric vehicle, renewables, and 5G markets. Crude oil futures pushed higher as concerns about the fighting in the Middle East regained intensity. The uptick helped left stocks across the oil and gas industry. Shares of Valero Energy (VLO), the world's largest independent oil refiner, advanced 2.9%. CrowdStrike Holdings (CRWD) shares added 2.6% after the new incident response service for Amazon Web Services customers. According to the companies, CrowdStrike's AI-powered Falcon cybersecurity platform can help users of the Amazon (AMZN) cloud service respond more quickly to incidents. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 hours ago
- Business
- Yahoo
JBL Q2 Deep Dive: AI Infrastructure Drives Strong Growth Amid Mixed End Market Trends
Electronics manufacturing services provider Jabil (NYSE:JBL) reported Q2 CY2025 results exceeding the market's revenue expectations , with sales up 15.7% year on year to $7.83 billion. On top of that, next quarter's revenue guidance ($7.45 billion at the midpoint) was surprisingly good and 4.2% above what analysts were expecting. Its non-GAAP profit of $2.55 per share was 9.8% above analysts' consensus estimates. Is now the time to buy JBL? Find out in our full research report (it's free). Revenue: $7.83 billion vs analyst estimates of $7.04 billion (15.7% year-on-year growth, 11.2% beat) Adjusted EPS: $2.55 vs analyst estimates of $2.32 (9.8% beat) Adjusted EBITDA: $652 million vs analyst estimates of $566.3 million (8.3% margin, 15.1% beat) Revenue Guidance for Q3 CY2025 is $7.45 billion at the midpoint, above analyst estimates of $7.15 billion Management raised its full-year Adjusted EPS guidance to $9.33 at the midpoint, a 4.2% increase Operating Margin: 5.1%, up from 3.9% in the same quarter last year Market Capitalization: $19.41 billion Jabil's second quarter saw a strong positive reaction from the market, as the company delivered above-consensus results fueled by robust demand in its Intelligent Infrastructure segment. Management highlighted that growth was propelled by accelerated spending in AI-related cloud and data center infrastructure, as well as solid contributions from capital equipment and warehouse automation. CEO Mike Dastoor credited the company's regionalized manufacturing model and increased U.S. footprint for helping Jabil navigate ongoing geopolitical and supply chain complexities. Looking ahead, Jabil's outlook is anchored by continued strength in AI and data center infrastructure, which management believes will more than offset ongoing softness in electric vehicle and renewable energy markets. The company is investing $500 million to expand its U.S. manufacturing capacity, aiming to support both existing and new hyperscale customers. CFO Greg Hebard noted that this expansion is expected to sharpen Jabil's competitive edge and drive sustained growth, while management continues to focus on disciplined capital allocation and steady margin improvement. Management attributed the quarter's outperformance to exceptional execution in AI hardware, cloud infrastructure, and operational discipline, while noting that end market demand varied across segments. AI-driven infrastructure growth: The Intelligent Infrastructure segment experienced rapid expansion, with management citing demand for advanced server rack integration, power, and cooling systems to support AI workloads. Jabil's ability to scale design and engineering for hyperscale data centers was a primary driver of the segment's performance. Capital equipment momentum: Robust activity in automated testing equipment—driven by increased complexity in custom chips for AI—contributed meaningfully to growth. Management said the need for advanced testing gear remains strong, although some sub-segments like wafer fab equipment lagged due to weaker automotive and consumer demand. U.S. manufacturing investment: Jabil announced a $500 million commitment to a new Southeastern U.S. site, which will further localize production and expand capacity for AI data center infrastructure. This facility is expected to open by mid-2026, with management emphasizing its role in diversifying the customer base and supporting expanded solutions like liquid cooling. Mixed regulated industry trends: While healthcare showed promising results, management acknowledged ongoing softness in electric vehicle and renewable energy end markets. They are closely watching potential impacts from U.S. legislation and are managing these headwinds through selective customer engagement and cost discipline. Operational leverage and cost control: Improved inventory management and lower capital expenditures, following divestitures, contributed to strong free cash flow. CFO Greg Hebard reaffirmed the company's intent to return most of this cash to shareholders through share repurchases, underscoring a shift to a more asset-light, efficient operating model. Jabil's guidance reflects optimism around AI infrastructure demand, ongoing operational improvements, and a cautious stance on weaker markets such as EVs and renewables. AI and data center strength: Management expects the Intelligent Infrastructure segment, particularly AI and cloud data center projects, to continue driving growth. CEO Mike Dastoor emphasized that ongoing customer demand for complex integration, power management, and cooling solutions remains robust, with additional upside possible as new technologies like liquid cooling mature. U.S. capacity expansion: The new $500 million U.S. facility is designed to support both existing and new customers, with an eye on scaling solutions across the AI ecosystem. Management believes this investment will help diversify revenue streams and enhance Jabil's competitive positioning, though the financial impact will materialize over several years. End market caution and risk management: Ongoing softness in electric vehicle and renewable energy markets remains a headwind, with no near-term turnaround expected. Management is taking a conservative approach to guidance for these segments and is focused on healthcare and digital commerce as longer-term growth drivers. In future quarters, the StockStory team will be monitoring (1) execution of the new U.S. facility buildout and its effect on customer wins, (2) the pace of AI and data center infrastructure demand as new technologies like liquid cooling roll out, and (3) stabilization or recovery in lagging end markets such as EVs and renewables. Progress in healthcare and automation will also be key indicators of Jabil's ability to diversify growth. Jabil currently trades at $199.78, up from $181 just before the earnings. Is there an opportunity in the stock?See for yourself in our full research report (it's free). The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today. 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Yahoo
5 hours ago
- Business
- Yahoo
Update: Jabil Shares Rise After Q3 Results Beat Expectations
(Updates with stock price movement in the headline and the first paragraph.) Jabil (JBL) shares w Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNBC
6 hours ago
- Business
- CNBC
Stocks making the biggest moves midday: Jabil, JetBlue, Sunrun, Valero, Verve Therapeutics and more
These are some of the stocks posting the biggest moves in midday trading. Jabil – The electronic manufacturing company and supplier to Apple surged nearly 12%. Jabil lifted its full-year guidance, calling for core earnings of $9.33 per share and net revenue of $29 billion. The company also posted top and bottom line beats in the fiscal third quarter. Energy stocks – Crude oil futures jumped as the conflict between Israel and Iran escalated. The S & P 500 energy sector added 1%, aided by gains in Valero Energy , Chevron , Hess and APA Corporation – all of which rose more than 2%. JetBlue Airways – The New York-based carrier fell 3.4% intraday Tuesday after CEO Joanna Geraghty told staff it's implementing a host of new cost cuts as softer-than-expected travel demand is making break-even operating margins this year "unlikely." United Airlines sank 3.5%, Delta Air Lines was off 2.6% and American Airlines dropped roughly 1%. Solar stocks — Companies in the space got battered as the Senate's version of President Donald Trump's tax bill would phase out renewable energy incentives . Shares of Enphase Energy dropped 24%, while First Solar and Sunrun slid 18% and 40%, respectively. SolarEdge Technologies pulled back about 35%. Verve Therapeutics — Shares rallied 79% after the gene editing company agreed to be acquired by Eli Lilly for $10.50 per share, a premium of 68% on the company's last close. The deal, worth up to $1.3 billion, is expected to close in the third quarter. Eli Lilly shares fell 1%. T-Mobile US — The telecommunication stock fell 4% after Bloomberg and Reuters reported that SoftBank sold 21.5 million T-Mobile shares in an unregistered, overnight sale for $224 each. SoftBank raised about $4.8 billion , per the reports. — CNBC's Fred Imbert, Lisa Han, Alex Harring, Sarah Min, Brian Evans and Scott Schnipper contributed reporting.
