Jabil Inc. (NYSE:JBL) stock rose on Wednesday after the manufacturing services provider reported better-than-expected fiscal third-quarter 2026 results and raised its full-year guidance, supported by strong demand for artificial intelligence infrastructure.

The company reported adjusted earnings of $3.16 per share, topping the analyst consensus estimate of $3.10. Revenue increased 12% year over year to $8.75 billion, exceeding analysts’ expectations of $8.61 billion. Cash and cash equivalents totaled $1.36 billion as of May 31.

Segment Performance

Revenue from the Regulated Industries segment increased 4% from a year earlier, while Intelligent Infrastructure revenue climbed 21%. Connected Living & Digital Commerce revenue rose 5%.

Core EBITDA increased to $654 million from $571 million in the prior-year quarter.

AI Demand Fuels Growth

Chief Executive Officer Mike Dastoor said demand for AI infrastructure remains “extremely strong,” prompting the company to raise its fiscal 2026 outlook.

Jabil now expects AI-related revenue of about $13.6 billion in fiscal 2026, up $500 million from its March forecast and higher than the $9 billion reported in fiscal 2025.

Dastoor said the company’s end-to-end manufacturing capabilities allow customers to scale AI deployments by integrating ...