What changed in this filing

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Item 1. Business

2025-10-17 compared with 2024-10-28 · 124 added, 133 removed, 220 unchanged (54% of the section changed)

We are one of the leading providers of manufacturing services and solutions worldwide.

We provide comprehensive electronics design, production, and product management services to companies in various industries and end markets.

Our manufacturing and supply chain management services and solutions include innovation, design, planning, fabrication and assembly, delivery and managing the flow of resources and products.

Our services enable our customers to reduce manufacturing costs, improve supply chain management, reduce inventory obsolescence, lower transportation costs, and reduce product fulfillment times.

Jabil is one of the leading providers of engineering, manufacturing, and supply chain solutions.

We deliver comprehensive design, production, and product management services to companies across a diverse range of industries and end markets.

Our capabilities span the entire product lifecycle—from innovation, design, and planning to fabrication, assembly, and delivery—enabling seamless management of resources and materials across global supply chains.

Through these integrated services, we help our customers reduce manufacturing costs, enhance supply chain efficiency, minimize inventory risk, lower transportation expenses, and accelerate product fulfillment.

We serve our customers primarily through dedicated business units that combine highly automated, continuous flow manufacturing with advanced electronic design and design for manufacturability.

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Business unit teams are supported by cross-functional teams, which leverage the power of our global expertise and capabilities to carry out work at the site level.

We conduct our operations in facilities that are located worldwide, including but not limited to China, Mexico, Singapore, and the United States.

We conduct our operations in facilities that are located worldwide, including but not limited to China, Malaysia, Mexico, and the United States.

Our global manufacturing production sites allow customers to manufacture products simultaneously in the optimal locations for their products.

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For the fiscal year ended August 31, 2025, we had net revenues of $29.8 billion and net income attributable to Jabil Inc.

of $1.4 billion.

On December 29, 2023 (“the Closing Date”), we completed the sale of our product manufacturing business in Chengdu, including its supporting component manufacturing in Wuxi (the “Mobility Business”) to an affiliate of BYD Electronic (International) Co.

(“BYDE”) for pre-tax cash proceeds of approximately $2.2 billion, subject to certain post-closing adjustments.

See Note 17 – “Business Acquisitions and Divestitures” to the Consolidated Financial Statements for additional information.

At August 31, 2024, we had two reporting segments:

Electronics Manufacturing Services (“EMS”) and Diversified Manufacturing Services (“DMS”), which are organized based on the economic profiles of the services performed, including manufacturing capabilities, market strategy, margins, return on capital, and risk profiles.

Our EMS segment is focused on leveraging IT, supply chain design and engineering, technologies largely centered on core electronics, utilizing our large scale manufacturing infrastructure and our ability to serve a broad range of end markets.

Our EMS segment is a high volume business that produces product at a quicker rate (i.e.

cycle time) and in larger quantities and includes customers primarily in the 5G, wireless and cloud, digital print and retail, industrial and semi-capital equipment, and networking and storage industries.

Our DMS segment is focused on providing engineering solutions, with an emphasis on material sciences, machining, tooling, and molding of highly engineered plastic and metal parts.

Our DMS segment includes customers primarily in the automotive and transportation, connected devices, and healthcare and packaging industries.

The DMS segment included the results of the Mobility Business prior to the Closing Date.

Beginning September 1, 2024, we reorganized our internal structure to focus on speed, precision, and solutions and as a result of our organizational realignment, we will report our business in the following three segments:

Regulated Industries, Intelligent Infrastructure, and Connected Living and Digital Commerce.

Our Regulated Industries segment is focused on regulated markets and includes revenues from customers primarily in the automotive and transportation, healthcare and packaging, and renewable energy infrastructure industries.

of $657 million.

As of September 1, 2024, we are reporting our business in the following three segments:

Regulated Industries, Intelligent Infrastructure, and Connected Living and Digital Commerce, which are also the Company’s reportable segments.

Our Intelligent Infrastructure segment is focused on the modern digital ecosystem including artificial intelligence (“AI”) infrastructure and includes revenues from customers primarily in the capital equipment, cloud and data center infrastructure, and networking and communications industries.

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Manufacturing solutions providers operate globally and are often able to more efficiently transition the location of manufacturing processes for products in response to changing macroeconomic and geopolitical environments relying on installed footprints, local teams, and consistent processes.

Our vision for the future is to become the world’s most technologically advanced and trusted manufacturing solutions provider.

As we work to achieve our vision, we continue to pursue the following strategies:

Our vision is to be the world’s most technologically advanced and trusted manufacturing solutions provider.

As we work to achieve our vision, we pursue the following strategies:

• Establish and Maintain Long-Term Customer Relationships.

An important element of our strategy is to establish and maintain long-term relationships with leading companies in expanding industries with size and growth characteristics that can benefit from highly automated, continuous flow manufacturing on a global scale.

We focus on maintaining long-term relationships with our customers and seek to expand these relationships to include additional product lines and services.

In addition, we focus on identifying and developing relationships with new customers that meet our targeted profile, which includes financial stability, the need for technology-driven turnkey manufacturing, anticipated unit volume, and long-term relationship stability.

An important element of our strategy is to develop and expand long-term relationships with leading companies in expanding industries that benefit from global, highly automated, continuous-flow manufacturing.

We grow these partnerships across product lines and services to create deeper, more integrated value.

In addition, we pursue relationships with new customers that meet our targeted profile:

financially stable, technology-driven, growth-oriented, and committed to long-term collaboration.

• Product Diversification.

We focus on balancing our portfolio of products and product families to those that align with higher return areas of our business.

We focus on balancing our portfolio of products and product families toward higher-return and strategically important segments.

This includes manufacturing, supply chain management services, comprehensive electronics design, production, and product management services for markets such as cloud and data infrastructure, healthcare, packaging, automotive and transportation, warehouse automation, networking and communications, and semi-capital equipment.

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Because of these efforts, we have experienced business growth from both existing and new customers as well as from acquisitions.

In addition, we continue to evaluate emerging end-markets and technologies to help ensure our portfolio remains balanced, resilient, and aligned with long-term customer demand.

• Utilize Customer-Centric Business Units.

Most of our business units are dedicated to serve one customer each and operate by primarily utilizing dedicated production equipment, production workers, supervisors, buyers, planners, and engineers to provide comprehensive manufacturing solutions that are customized to each customer’s needs.

We believe our customer-centric business units promote increased responsiveness to our customers’ needs, particularly for customer relationships that extend across multiple production locations.

Most of our business units serve a single customer, using dedicated production equipment, workers, supervisors, buyers, planners, and engineers to provide comprehensive, customized manufacturing solutions.

We believe our customer-centric business units promote increased responsiveness, particularly for relationships that extend across multiple production locations.

• Leverage Global Production.

We believe that global production is a key strategy to reduce obsolescence risk and secure the lowest possible landed costs while simultaneously supplying products of equivalent or comparable quality throughout the world.

We believe that global production reduces obsolescence risk, lowers landed costs, and promotes consistent quality worldwide.

Consistent with this strategy, we have established or acquired operations in the Americas, Europe and Asia.

Our extensive global footprint positions us well to implement safe and practical solutions in order to select production locations which best serve the needs of our customers.

We believe that our global footprint is strengthened by our centralized procurement process, which, when coupled with our single Enterprise Resource Planning system, affords our customers with end-to-end supply chain visibility.

• Offer Systems Assembly, Direct-Order Fulfillment, and Configure-to-Order Services.

Our systems assembly, direct-order fulfillment and configure-to-order services allow our customers to reduce product cost and risk of product obsolescence by reducing total work-in-process and finished goods inventory.

Our extensive global footprint allows us to select production locations that best serve customer needs.

We believe that our global footprint is strengthened by our centralized procurement process, which, when coupled with our single Enterprise Resource Planning system, provides our customers end-to-end supply chain visibility.

Increasingly, our customers also prefer manufacturing to be located closer to their end markets.

To meet this need, we invest in local-for-local and local-for-regional capabilities that improve resilience, reduce lead times, enhance sustainability, and enable us to support customers directly where they operate.

• Expand Value-Added Services.

Our systems assembly, direct-order fulfillment, and configure-to-order services allow customers to reduce product cost and obsolescence risk by lowering total work-in-process and finished goods inventory.

These services are available at all of our manufacturing locations.

• Offer Design Services.

We offer a wide spectrum of value-add design services to achieve improvements in performance, cost, time-to-market, and manufacturability.

• Pursue Acquisition Opportunities Selectively.

The primary goals of our acquisition strategy are to complement our current capabilities, diversify our business into new industry sectors and with new customers, and expand the scope of the services we can offer to our customers.

• Deliver Design Expertise.

We offer a wide spectrum of value-add design services focused on improving performance, reducing costs, accelerating time-to-market, and enhancing manufacturability.

Our design expertise also helps customers navigate technology transitions and regulatory requirements, creating end-to-end solutions that integrate seamlessly from concept through production.

• Pursue Strategic Acquisitions.

Our acquisition strategy complements current capabilities, diversifies us into new industry sectors and customers, and expands the scope of services we offer.

Our Approach to Manufacturing

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• Decentralized Business Unit Model.

Most of our business units are dedicated to serve one customer each and are empowered to formulate strategies tailored to an individual customer’s needs.

Most of our business units serve a single customer and are empowered to tailor strategies to that customer’s needs.

Our business units generally have dedicated production lines consisting of equipment, production workers, supervisors, buyers, planners, and engineers.

Under certain circumstances, a production line may serve more than one business unit to maximize resource utilization.

Business units have direct responsibility for manufacturing results and time-to-volume production, thereby promoting a sense of individual commitment and ownership.

Business units have direct responsibility for manufacturing results and time-to-volume production, thereby promoting accountability and ownership.

The business unit approach is modular and enables us to grow incrementally without disrupting the operations of other business units.

Business unit management reviews the customer financial information to assess whether the business units are meeting their designated responsibilities and to ensure that the daily execution of manufacturing activities is being effectively managed.

Business unit management reviews customer-specific financial performance to assess whether the business units are meeting their designated responsibilities and to ensure that the daily execution of manufacturing activities remains on track.

The business units aggregate into operating segments based on the end markets they serve.

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We use a highly automated, continuous flow approach to manufacturing, whereby different pieces of equipment are joined directly or by conveyor to create an in-line assembly process.

This process contrasts with a batch approach, whereby individual pieces of assembly equipment are operated as freestanding work-centers.

The elimination of waiting time prior to sequential operations results in faster manufacturing, which improves production efficiencies and quality control and reduces inventory work-in-process.

This process contrasts with a batch approach, in which equipment operates as standalone work-centers.

The elimination of waiting time prior to sequential operations results in faster manufacturing, improved efficiency, tighter quality control, and reduced work-in-process inventory.

We believe continuous flow manufacturing provides cost reductions and quality improvement when applied to high volumes of product.

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Component inspection and vendor quality are monitored electronically in real-time.

Materials planning, purchasing, stockroom, and shop floor control systems are supported through a computerized manufacturing resource planning system.

Materials planning, purchasing, stockroom, and shop floor control systems run on a computerized manufacturing resource planning system.

• Electronic Supply Chain Management.

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Our customers use these tools to share demand and product forecasts and deliver purchase orders, and we use these tools with our suppliers for just-in-time delivery, supplier-managed inventory, and consigned supplier-managed inventory.

These capabilities include procurement intelligence platforms and AI-driven orchestration systems that deliver real-time data insights to support cost management, inventory optimization, and risk mitigation across global supply networks.

These digital tools improve visibility, responsiveness, and collaboration across the supply chain.

Our Design Services

We offer a wide spectrum of value-add design services to enhance our relationships with current customers and to help develop relationships with our new customers.

Our teams are strategically staffed to support Jabil customers for all development projects, from turnkey system design and joint development to industrialization and product optimization activities.

Our design services support products across all markets we serve and include products such as cloud data center server platforms;

We offer a wide spectrum of value-add design services to enhance our relationships with current customers and to build new customer relationships.

Our teams are strategically staffed to support development projects of all sizes, from turnkey system design and joint development to industrialization and product optimization activities.

Our design services support products across all markets we serve and include applications such as cloud data center server platforms;

medical and consumer health devices;

automotive assemblies for software defined vehicles, advanced driver assistance systems, autonomous systems, and electrification;

automotive assemblies for advanced architectures and enhanced functions;

vision and safety systems;

connected consumer products and appliances;

digital commerce ecosystem products for retail environments;

power and storage products to support the energy infrastructure;

power and storage products supporting the energy infrastructure;

and smart controls and security for digital building and utilities.

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Our Experience Design team works with product design teams to create product experiences that resonate with consumers through user research, industrial design, user interface design, and human factors.

These capabilities are used to create, develop, and connect concepts and specifications that optimize the function, value, and appearance of products to satisfy the needs of consumers and manufacturing partners.

These capabilities help create, develop, and connect concepts and specifications that optimize the function, value, and appearance of products for both consumers and manufacturing partners.

• Mechanical Design.

Our Mechanical Design team specializes in mechanical design of plastic and metal components, enclosures, sub-assemblies, assemblies, and systems to meet product requirements with the analysis of electronic, electro-mechanical and optical assemblies using state of the art modeling and analytical tools.

Our Mechanical Design team specializes in the design of plastic and metal components, enclosures, sub-assemblies, and systems, with advanced modeling and analysis of electronic, electro-mechanical, and optical assemblies.

This includes all aspects of product concept, detail design, wide-ranging environmental applications, thermal management, and tooling management.

• Optical Design.

Our Optical Design team focuses on applying our knowledge in advanced optics to provide optical product solutions for virtual and/or augmented reality, Light Detection and Ranging (“LiDAR”), 3D sensing, projection, and imaging.

Throughout the design process, we develop the required processes, equipment, and testing specific to optics in order to take the customer from design to precision mass production.

Our Optical Design team applies advanced optics expertise to develop solutions for virtual and/or augmented reality, Light Detection and Ranging (“LiDAR”), 3D sensing, projection, and imaging.

Throughout the design process, we develop the required processes, equipment, and testing specific to optics to help ensure seamless transition from design to precision mass production.

• Industrialization Engineering Services.

Our engineering services combine multiple functions to work with design teams to optimize products for maximum performance, highest quality, and time to market while balancing cost and manufacturability.

These functions include our computer-assisted design (“CAD”) team, to provide PCBA design services using advanced CAD engineering tools, our Value Analysis and Value Engineering (“VAVE”) team, to increase value and decrease cost of both electrical and mechanical assemblies, and our Engineering Prototyping teams for all development stages.

These functions include our computer-assisted design (“CAD”) team, delivering PCBA design with advanced CAD tools;

our Value Analysis and Value Engineering team, improving value and reducing cost of both electrical and mechanical assemblies;

and our Engineering Prototyping teams for all development stages.

Efforts focus on optimizing designs, reducing material and component complexity, and identifying cost-effective sourcing options.

• Product Verification.

Our Product Verification team provides complete product verification throughout the full design cycle and executes specific test services.

This includes product verification, failure analysis, regulatory, compliance and safety, packaging, simulation, and data analysis.

This includes product verification to assess performance, reliability, and durability under simulated real-world conditions, failure analysis, regulatory compliance and safety, packaging, simulation, data analysis, and component analysis to identify and mitigate potential risks early in the development process.

• Manufacturing Test Solution Development.

Our Manufacturing Test Solution Development team provides integral support to the design teams to embed design with testability and to promote efficient capital and resource investment in the manufacturing process.

The use of software driven instrumentation and test process design and management reduces human dependent test processes and allows customer product test traceability and visibility throughout the manufacturing test process.

Our Manufacturing Test Solution Development team provides integral support to the design teams to embed testability in designs and enable efficient investment in manufacturing resources.

The use of software-driven instrumentation and test process design and management reduces human-dependent test processes and promotes traceability and visibility throughout the manufacturing test process.

Capabilities include development of test specifications, tester design, and execution of structural, functional, and environmental tests.

Early integration of test planning supports defect reduction and consistent product quality.

Fabrication and Assembly

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These technologies and R&D activities include:

• Automation, including automated tooling

• Electronic interconnection

• Automation for tooling, manufacturing, and end customer solutions

• Next generation electronic interconnections

• Advanced electrical assembly & test processes

• Advanced polymer and metal material science

• Single/multi-shot injection molding, stamping, and in-mold labeling

• Multi-axis computer numerical control

• Vacuum metallization

• Physical vapor deposition

• Digital printing

• Anodization

• Ceramic, metal and plastic single/multi-shot injection molding

• In-mold mechanical & electrical assembly solutions

• Advanced coating solutions for plastics, metals & lenses

• Thermal-plastic composite formation

• Plastic with embedded electronics

• Metal and plastic covers with insert-molded or dies-casting features for assembly

• Display cover with integrated touch sensor

• Material processing research (including plastics, metal, glass, and ceramic)

• Additive manufacturing

• Outsourced semiconductor assembly and test (“OSAT”) capabilities

• Advanced electric assembly processes

• Advanced thermal management solutions

• Advanced sensor integration

• Optical sensors across wavelengths

• Co-packaged optics

• Liquid cooling

• Silicon photonics

• Sterilization, device filling & fluid management

• Outsourced semiconductor assembly and test (“OSAT”) capabilities

• Sustainable materials and design

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Customers and Marketing

A key tenet of our strategy is to establish and maintain long-term relationships with leading companies in expanding industries with the size and growth characteristics that can benefit from highly automated, continuous flow manufacturing on a global scale.

A key tenet of our strategy is to develop and expand long-term relationships with leading companies in high-growth industries that benefit from global, highly automated, continuous-flow manufacturing.

A small number of customers and significant industry sectors have historically comprised a major portion of our net revenue.

We also market our services and solutions through our website and social media platforms.

While this concentration reflects the depth of our customer relationships, we continue to diversify our customer base across industries and geographies to strengthen resilience.

We also market our services and solutions through our website and social media platforms, as well as through direct engagement with prospective customers, industry events, and targeted outreach initiatives.

In fiscal year 2025, our five largest customers accounted for approximately 36% of our net revenue and 87 customers accounted for approximately 90% of our net revenue.

The table below sets forth the respective portion of net revenue attributable to the customer that accounted for a significant concentration of our net revenue during the periods indicated:

The table below sets forth the respective portion of net revenue attributable to customers that accounted for a significant concentration of our net revenue during the periods indicated:

Percentage of Net Revenue

Fiscal Year Ended August 31,

2025 2024 2023

11 % 17 % 19 %

Customer A (1)

Customer B (2)

* Amount was less than 10% of total.

(1) Sales to this customer were reported primarily in the Intelligent Infrastructure segment.

(2) Sales to this customer were reported in the Connected Living and Digital Commerce segment.

Our business is highly competitive.

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We also face competition from the manufacturing operations of our current and potential customers, who are continually evaluating the merits of manufacturing products internally against the advantages of outsourcing.

We compete with different companies depending on the type of service we are providing or the geographic area in which an activity takes place.

We compete with different companies depending on the type of service we are providing and/or the geographic area in which an activity takes place.

We believe that the principal competitive factors in the manufacturing services market are:

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Human Capital Management

As of August 31, 2024, our workforce includes diverse, talented, and dedicated employees across approximately 100 locations in more than 30 countries who differentiate us from our competitors.

To maintain our edge, we continually invest in our employees, so that they can take care of our customers, shareholders and communities.

As of August 31, 2025, our workforce consists of talented and dedicated employees across approximately 100 locations in 30 countries.

To maintain our competitiveness, we continually invest in our employees, so that they can take care of our customers and communities.

Following is a summary of employees by region (in thousands):

Region Number of Employees

(1) Decrease from prior period is driven by the divestiture of the Mobility Business during the fiscal year ended August 31, 2024.

See Note 17 – “Business Acquisitions and Divestitures” to the Consolidated Financial Statements for additional information.

(1) Total headcount includes permanent, temporary and contingent workers.

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Always.” is a fundamental value that is ingrained in our culture.

We are committed to safety standards in all of our facilities, so that our employees are protected and can return home safely after each work shift.

We are committed to safety standards in all of our facilities.

We have implemented a continuous improvement-based Health and Safety Management System, including annual training assessments coupled with engaged leaders and employees who prioritize safety.

We believe that respect for fundamental human rights as an essential element of responsible corporate citizenship.

We believe that respect for fundamental human rights is an essential element of responsible corporate citizenship.

We are a founding member of the Responsible Business Alliance (RBA), which is one of the world’s largest industry coalitions for corporate social responsibility in global supply chains.

The RBA sets (1) standards regarding excessive working hours and unfair wages, (2) controls to prohibit child labor and human trafficking, and (3) avenues for employees to raise and address workplace health and safety concerns.

We have aligned our work programs, processes, and procedures to the RBA Code of Conduct to help support safe working conditions, treat employees with respect and dignity, and environmentally responsible manufacturing process and practices.

Diversity, Equity, and Inclusion

Our diverse workforce provides us with the innovation and creativity that have allowed us to continue our success.

Respect is the foundation of our culture, and we want all our employees to feel valued and psychologically and physically safe.

Welcoming a spectrum of backgrounds, experiences, viewpoints, and abilities, we collaborate to create a culture of belonging where everyone can be their authentic selves and contribute to Jabil’s success.

In alignment with our Code of Conduct, we are dedicated to establishing a discrimination-free and harassment-free environment globally.

Guided by our enterprise-wide priorities of mitigating biases, cultivating inclusive leadership, and developing diverse talent, we are proud to foster a culture of belonging.

In fiscal year 2024, we further advanced diversity, equity, and inclusion (DEI) by expanding our DEI programming to include the formation of Regional DEI Committees.

The role of the DEI Committees is to drive engagement, identify regional needs, and share feedback and best practices globally.

They are comprised of cross-functional employees with a passion for contributing to Jabil’s commitment to inclusion, and are located in the Americas, Europe, and Asia.

During fiscal year 2024, numerous initiatives were launched in alignment with Jabil’s external goals to increase the representation of women in leadership and programming around disability inclusion.

We hosted a women-focused event series, creating the opportunity for women leaders across our functional teams, to share their experiences and advice.

While geared toward women, all employees at all levels at Jabil were welcome to participate in these six engaging sessions focused on both professional and personal development.

We also launched our second cohort of the Women in Leadership Sponsorship program, a nomination-based program that combines executive-level sponsorship with individual and group coaching for women at the director level.

We are proud to have received a top score on the 2024 Disability Equality Index by Disability:IN for the fourth consecutive year.

Our global sites developed and implemented programs focused on employment and retention of employees with disabilities, physical and digital infrastructure, and training programs to foster an inclusive environment for all.

In collaboration with our Operations team and utilizing best practices from Disability:IN, we have also established a baseline for site accessibility.

Culture & Belonging:

Jabil’s Cultural Initiatives

Our workforce provides us with the innovation and creativity that allows us to continue our success.

Built on respect, our culture fosters an environment where employees feel welcomed, valued, and safe – both psychologically and physically.

Welcoming a spectrum of backgrounds, experiences, viewpoints, and abilities, we collaborate to create an environment where employees can be their authentic self and contribute to Jabil’s success.

In alignment with our Code of Conduct, we are dedicated to establishing a discrimination-free and harassment-free workplace globally.

This commitment is guided by our enterprise-wide priorities of mitigating biases, cultivating inclusive leadership, and developing diverse talent.

Our global sites developed and implemented programs focused on supporting employment and retention of employees with disabilities, with physical and digital infrastructure and training programs to foster an inclusive environment for all.

In collaboration with our operations team, we have also established a baseline for site accessibility.

Our culture empowers Jabil to make a positive impact on our people, customers, and communities.

Our commitment to our employees’ safety and wellbeing goes beyond physical health to include mental health.

At Jabil, we provide our full-time employees two days of paid time off for health and wellbeing and one day for community service in addition to standard paid time off and holidays.

To support our commitment to serve our communities where we live and operate, in 2024, Jabil employees completed over 580,000 volunteer hours.

From January to August 2025, Jabil employees completed over 420,000 volunteer hours.

This commitment remains for fiscal year 2026, with a continued focus in the areas of education, empowerment, and the environment.

We believe that while our efforts are locally driven, the impact is global.

Jabil hosted its annual Deliver Best Practices Global Finals representing 20 locations from 13 countries.

This continuous improvement program embodies the best of Jabil’s culture while focusing on our key business drivers (People, Process, Social & Environmental, and Technology & Innovation).

Recognition plays an important role in appreciating others for going above and beyond their normal job duties and doing what’s right for our customers, people, and communities.

Jabil acknowledges these well-deserved efforts through our Enterprise recognition program, Respect.

Reward., in addition to regional and site-based recognition efforts that celebrate our employees worldwide.

Compensation and Benefits

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Specifically:

• We provide employee pay levels that are competitive and consistent with employee positions, skill levels, experience, knowledge, and geographic location.

• We seek to provide employee pay levels that are competitive and consistent with employee positions, skill levels, experience, knowledge, and geographic location.

• Salary increases and incentive compensation are based on merit and performance.

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These include a global employee assistance program (EAP), on-site behavioral health resources in some locations, and education for our leaders on ways to recognize and respond to signs of mental health and substance abuse issues.

By focusing on training our leaders in mental health awareness, we believe we are creating the right environment for mental health issues to be recognized and addressed.

Additionally, our Health and Wellbeing programs help to strengthen mental health resilience.

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Career Growth and Development

At Jabil, we have historically invested in the professional and personal growth and development of our employees at all levels of the organization.

Our learning solutions empower employees to enhance their knowledge and skills, enabling them to work more effectively, develop stronger capabilities, and guide their teams to success and further reinforce the organization’s vision.

At Jabil, we invest in the professional and personal growth and development of our employees at all levels of the organization.

Our learning solutions are intended to empower employees to enhance their knowledge and skills, enabling them to work more effectively, develop stronger capabilities, and guide their teams to success and further reinforce the organization’s vision.

Jabil offers learning programs and offerings for all level of employees (hourly, professional, management).

In fiscal year 2024, there were more than 21,000 internal promotions at various levels in Jabil, a testament to our ability to grow and develop our own talent.

As part of our talent strategy, we have introduced the LinkedIn Learning platform to enhance employees' access to the tools, resources, and support needed to take charge of their career development.

We made this significant investment by providing free access to LinkedIn Learning for over 30,000 employees worldwide, including all professional, management, and executive leaders.

As part of our talent strategy, we continue to utilize the LinkedIn Learning platform to enhance employees' access to the tools, resources, and support needed to take charge of their career development.

We provide free access to LinkedIn Learning to all professional, management, and executive leaders.

Employees are encouraged to utilize LinkedIn Learning for both leadership and technical development, reinforcing our commitment to continuous learning and growth.

Our leaders are the cornerstone of Jabil’s success.

They serve as a critical link between the strategic vision and the day-to-day execution of the work.

One example of a program used to strengthen leadership skills is the Supervisory Basics Program – an internally developed program that seeks to equip supervisors with foundational knowledge that reinforces Jabil’s culture, establishes consistent standards for supervisor–employee interactions, and enhances understanding of key financial and legal principles.

Employee Engagement

In May 2024, we conducted our global Your Voice Matters Pulse Survey to measure the impact of action plans developed from the 2023 global survey.

A third party was used to administer the survey.

Action plans resulting from the 2023 global survey have been modified accordingly and further action plans have been developed and are being executed at all sites to promote continued excellence in employee engagement at Jabil.

Cultural Initiatives

Our commitment to our employees’ safety and wellbeing goes beyond physical health to include social, emotional, and mental health.

At Jabil, we provide our full-time employees two days of paid time off for health and wellbeing and one day for community service.

From January to August 2024, approximately 79,000 employees have utilized their wellness days, and approximately 19,000 employees have completed a paid day of community service.

To support our commitment to serve our communities where we live and operate, in 2023, Jabil employees completed over 1 million volunteer hours, reaching that milestone for the second consecutive year.

From January to August 2024, Jabil employees spent approximately 330,000 service hours in the areas of education, empowerment, and the environment.

We believe that while our efforts are locally driven, the impact is global.

Jabil hosted four “Global Volunteer Days,” large-scale volunteer events designed to create shared experiences across the organization around a particular cause.

The four Global Volunteer Days held in 2024 were International Women’s Day, Earth Day, World Environment Day, and World Food Day.

Jabil hosted its annual Deliver Best Practices Global Finals in October 2023, with 31 employees and teams competing, representing 19 global locations from nine different countries.

This continuous improvement program, which started in 2009, embodies the best of Jabil’s culture while focusing on our key business drivers (People, Process, Social & Environmental, and Technology & Innovation).

As a core part of Jabil’s culture, recognition plays an important role in appreciating others for going above and beyond their normal job duties and doing what’s right for our customers, people, and communities.

Jabil acknowledges these well-deserved efforts through our Respect, Recognize.

program, which recognized 1,528 people from 142 sites and 25 countries in fiscal year 2024.

Environmental

In May 2025, we conducted our global Your Voice Matters Survey, utilizing a third party to administer it.

Action plans have been developed and are in the process of being executed at all sites to promote continued excellence in employee engagement at Jabil.

This is a continuation of the Your Voice Matters Pulse Surveys conducted in 2024 to measure the impact of action plans developed from the 2023 global survey.

Environmental Laws and Regulations

We are subject to a variety of federal, state, local, and foreign environmental, health and safety, product stewardship, and producer responsibility laws and regulations, including those relating to the use, storage, discharge, and disposal of hazardous chemicals used during our manufacturing process;

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Below is a list of our executive officers:

Berry (age 47) was named Senior Vice President, Investor Relations & Communications in June 2024.

Berry (age 48) was named Senior Vice President, Investor Relations & Corporate Affairs in June 2024.

He previously served as Vice President, Investor Relations from September 2018.

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Francis (“Frank”) G.

McKay (age 54) was named Senior Vice President, Chief Procurement Officer, in January 2019.

McKay (age 55) was named Senior Vice President, Chief Supply Chain and Procurement Officer, in January 2019.

Prior to his current role, he served as Vice President, Procurement & Purchasing Services from October 2014 and held a variety of management positions in Europe, Asia and the US since joining Jabil in 1997.

McKay holds a bachelor’s from University of Strathclyde.

Kristine Melachrino (age 46) was named Senior Vice President, General Counsel, in October 2022.

Kristine Melachrino (age 47) was named Executive Vice President, General Counsel, in March 2025.

She most recently served as Senior Vice President, General Counsel since October 2022.

She joined Jabil in 2007 holding various roles in the legal department supporting the functional and business teams globally.

Prior to this role, Ms.

Melachrino served as Vice President, Senior Deputy General Counsel for the global Commercial legal team, advising on

complex legal and regulatory matters to facilitate business growth;

Melachrino served as Vice President, Senior Deputy General Counsel for the global Commercial legal team, advising on complex legal and regulatory matters to facilitate business growth;

and Assistant Corporate Secretary.

6 unchanged sentences

Priestley (age 54) was named Executive Vice President, Global Business Units in May 2024.

He most recently served as Senior Vice President, Global Business Units April 2014.

He most recently served as Senior Vice President, Global Business Units from April 2014.

Since joining Jabil in 1996, he has held positions of increasing responsibility across the Company, including as Vice President, Global Business Units since 2012.

Priestley holds an honour’s in Engineering with Management from the Edinburgh Napier University.

Priestley holds an honors in Engineering with Management from the Edinburgh Napier University.

Schick (age 55) was named Senior Vice President and Chief Human Resources Officer in October 2023.

16 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 1. Business