What changed in this filing

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Item 1. Financial Statements

2026-06-30 compared with 2026-04-08 · 119 added, 113 removed, 626 unchanged (27% of the section changed)

3 unchanged sentences

(in millions, except for share data)

February 28, 2026

(Unaudited) August 31, 2025

6 unchanged sentences

Total current assets 18,158 13,720

Property, plant and equipment, net of accumulated depreciation of $ 5,071 as of February 28, 2026, and $ 4,970 as of August 31, 2025

Property, plant and equipment, net of accumulated depreciation of $ 5,127 as of May 31, 2026, and $ 4,970 as of August 31, 2025

Operating lease right-of-use assets 487 462

22 unchanged sentences

Common stock, $ 0.001 par value, authorized 500,000,000 shares;

279,404,569 and 278,092,060 shares issued and 105,818,234 and 107,480,895 shares outstanding as of February 28, 2026 and August 31, 2025, respectively

279,407,095 and 278,092,060 shares issued and 104,824,302 and 107,480,895 shares outstanding as of May 31, 2026 and August 31, 2025, respectively

Additional paid-in capital 3,192 3,047

1 unchanged sentence

Accumulated other comprehensive loss

Treasury stock at cost, 173,586,335 and 170,611,165 shares as of February 28, 2026 and August 31, 2025, respectively

( 20 ) ( 17 )

Treasury stock at cost, 174,582,793 and 170,611,165 shares as of May 31, 2026 and August 31, 2025, respectively

( 8,849 ) ( 7,899 )

Total Jabil Inc.

7 unchanged sentences

(in millions, except for per share data)

Three months ended Six months ended

February 28, 2026 February 28, 2025 February 28, 2026 February 28, 2025

Three months ended Nine months ended

May 31, 2026 May 31, 2025 May 31, 2026 May 31, 2025

Net revenue $ 8,751 $ 7,828 $ 25,338 $ 21,550

6 unchanged sentences

Restructuring, severance and related charges 7 16 88 144

Loss from the divestiture of businesses 2 — — —

Loss (gain) from the divestiture of businesses 1 ( 45 ) 1 ( 45 )

Acquisition and divestiture related charges 3 9 24 17

Operating income 445 403 1,102 845

Loss on securities — 46 — 46

Other expense

16 unchanged sentences

(in millions)

Three months ended Six months ended

February 28, 2026 February 28, 2025 February 28, 2026 February 28, 2025

Three months ended Nine months ended

May 31, 2026 May 31, 2025 May 31, 2026 May 31, 2025

Net income $ 275 $ 222 $ 643 $ 439

Other comprehensive income (loss), net of tax:

Other comprehensive (loss) income, net of tax:

Change in foreign currency translation ( 5 ) 18 ( 5 ) 12

1 unchanged sentence

Actuarial loss

— ( 1 ) — ( 1 )

Prior service credit

Total other comprehensive income 22 8 17 2

Total other comprehensive (loss) income ( 20 ) 34 ( 3 ) 36

Comprehensive income $ 255 $ 256 $ 640 $ 475

6 unchanged sentences

(in millions)

Three months ended Six months ended

February 28, 2026 February 28, 2025 February 28, 2026 February 28, 2025

Three months ended Nine months ended

May 31, 2026 May 31, 2025 May 31, 2026 May 31, 2025

Total stockholders' equity, beginning balances

18 unchanged sentences

Beginning balances — ( 44 ) ( 17 ) ( 46 )

Total other comprehensive income

Total other comprehensive (loss) income

( 20 ) 34 ( 3 ) 36

Ending balances ( 20 ) ( 10 ) ( 20 ) ( 10 )

17 unchanged sentences

(in millions)

Six months ended

February 28, 2026 February 28, 2025

Nine months ended

May 31, 2026 May 31, 2025

Cash flows provided by operating activities:

1 unchanged sentence

Depreciation, amortization, and other, net 645 622

Loss (gain) from the divestiture of businesses 1 ( 45 )

Change in operating assets and liabilities, exclusive of net assets acquired ( 20 ) 36

4 unchanged sentences

Cash paid for business and intangible asset acquisitions, net of cash ( 852 ) ( 393 )

Proceeds from the divestiture of businesses, net of cash — 54

Other, net ( 16 ) —

1 unchanged sentence

( 1,146 ) ( 578 )

Cash flows provided by (used in) financing activities:

Cash flows used in financing activities:

Borrowings under debt agreements 2,144 1,604

5 unchanged sentences

Other, net ( 16 ) ( 38 )

Net cash provided by (used in) financing activities

Net cash used in financing activities

( 701 ) ( 1,165 )

Effect of exchange rate changes on cash and cash equivalents 5 13

13 unchanged sentences

In the opinion of management, all adjustments (consisting of normal recurring accruals) necessary to present fairly the information set forth therein have been included.

The accompanying unaudited Condensed Consolidated Financial Statements should be read in conjunction with the Consolidated Financial Statements and footnotes included in the Annual Report on Form 10-K of Jabil Inc.

The accompanying unaudited Condensed Consolidated Financial Statements should be read in conjunction with the Consolidated Financial Statements and notes included in the Annual Report on Form 10-K of Jabil Inc.

(the “Company”) for the fiscal year ended August 31, 2025.

Results for the six months ended February 28, 2026, are not necessarily an indication of the results that may be expected for the full fiscal year ending August 31, 2026.

Results for the nine months ended May 31, 2026, are not necessarily an indication of the results that may be expected for the full fiscal year ending August 31, 2026.

Trade Accounts Receivable Sale Programs

4 unchanged sentences

In conjunction with the trade accounts receivable sale programs, the Company is required to remit amounts collected as a servicer under the trade accounts receivable sale programs to the unaffiliated financial institutions that purchased the receivables.

The outstanding balance of receivables sold and not yet collected on accounts where the Company has continuing involvement was approximately $ 682 million and $ 927 million as of February 28, 2026, and August 31, 2025, respectively.

The outstanding balance of receivables sold and not yet collected on accounts where the Company has continuing involvement was approximately $ 421 million and $ 927 million as of May 31, 2026, and August 31, 2025, respectively.

Transfers of the receivables under the trade accounts receivable sale programs are accounted for as sales and, accordingly, net receivables sold under the trade accounts receivable sale programs are excluded from accounts receivable on the Condensed Consolidated Balance Sheets and are reflected as cash provided by operating activities on the Condensed Consolidated Statements of Cash Flows.

4 unchanged sentences

In connection with the trade accounts receivable sale programs, the Company recognized the following (in millions):

Three months ended Six months ended

February 28, 2026 February 28, 2025 February 28, 2026 February 28, 2025

Three months ended Nine months ended

May 31, 2026 May 31, 2025 May 31, 2026 May 31, 2025

Trade accounts receivable sold $ 4,232 $ 3,638 $ 12,731 $ 7,351

4 unchanged sentences

Inventories consist of the following (in millions):

February 28, 2026 August 31, 2025

May 31, 2026 August 31, 2025

Raw materials $ 4,712 $ 3,905

6 unchanged sentences

Revenue and cost of revenue associated with components procured directly from customers is accounted for on a net basis if the components do not constitute a distinct good or service from the customer.

As of February 28, 2026, and August 31, 2025, the Company had $ 1.5 billion and $ 1.1 billion, respectively, of components included in prepaid expenses and other current assets in the Company’s Condensed Consolidated Balance Sheets, related to purchases made to procure components for customers whereby the associated revenue is expected to be accounted for on a net basis once transferred to the customer.

As of May 31, 2026, and August 31, 2025, the Company had $ 2.8 billion and $ 1.1 billion, respectively, of components included in prepaid expenses and other current assets in the Company’s Condensed Consolidated Balance Sheets, related to purchases made to procure components for customers whereby the associated revenue is expected to be accounted for on a net basis once transferred to the customer.

During fiscal year 2026, the Company entered into new operating and finance leases.

The future minimum lease payments under these new leases as of February 28, 2026, were as follows (in millions):

The future minimum lease payments under these new leases as of May 31, 2026, were as follows (in millions):

Payments due by period

10 unchanged sentences

Goodwill and Other Intangible Assets

The following table presents the changes in goodwill allocated to the Company’s reportable segments during the six months ended February 28, 2026 (in millions):

The following table presents the changes in goodwill allocated to the Company’s reportable segments during the nine months ended May 31, 2026 (in millions):

Regulated Industries Intelligent Infrastructure

4 unchanged sentences

Change in foreign currency exchange rates 4 ( 1 ) — 3

Balance as of February 28, 2026

Balance as of May 31, 2026

$ 677 $ 459 $ 92 $ 1,228

2 unchanged sentences

The following table is a summary of the Company’s gross goodwill balances and accumulated impairments as of the periods indicated (in millions):

February 28, 2026 August 31, 2025

May 31, 2026 August 31, 2025

Gross Carrying

4 unchanged sentences

The following table presents the Company’s total purchased intangible assets as of the periods indicated (in millions):

(in years) February 28, 2026 (1)

(in years) May 31, 2026 (1)

August 31, 2025

10 unchanged sentences

See Note 15 – “Business Acquisitions and Divestitures” for additional information.

Intangible asset amortization during the three months and six months ended February 28, 2026 was approximately $ 23 million and $ 42 million, respectively.

Intangible asset amortization during the three months and six months ended February 28, 2025 was approximately $ 15 million and $ 28 million, respectively.

Intangible asset amortization during the three months and nine months ended May 31, 2026 was approximately $ 23 million and $ 65 million, respectively.

Intangible asset amortization during the three months and nine months ended May 31, 2025 was approximately $ 17 million and $ 45 million, respectively.

The estimated future amortization expense is as follows (in millions):

2 unchanged sentences

Notes Payable and Long-Term Debt

Notes payable and long-term debt outstanding as of February 28, 2026, and August 31, 2025, are summarized below (in millions):

Maturity Date February 28, 2026 August 31, 2025

Notes payable and long-term debt outstanding as of May 31, 2026, and August 31, 2025, are summarized below (in millions):

Maturity Date May 31, 2026 August 31, 2025

3.950 % Senior Notes

14 unchanged sentences

Feb 1, 2033 492 —

Borrowings under credit facilities (2)

Borrowings under credit facilities and other (2)

Jun 18, 2030 — —

4 unchanged sentences

(1) On January 23, 2026, the Company issued $ 500 million aggregate principal amount of 4.200 % Senior Notes due 2029 (the “ 4.200 % Senior Notes”) and $ 500 million aggregate principal amount of 4.750 % Senior Notes due 2033 (the “ 4.750 % Senior Notes”) in an underwritten public offering.

The Company intends to use the net proceeds for general corporate purposes, including the repayment of the $ 500 million aggregate principal amount of 1.700 % Senior Notes due in April 2026.

(2) As of February 28, 2026, the Company had $ 4.2 billion in available unused borrowing capacity under its revolving credit facilities, of which $ 3.2 billion was available under the senior unsecured credit agreement dated June 18, 2025 (the “Revolving Credit Facility”).

The Company used the net proceeds for general corporate purposes, including the repayment of the $ 500 million aggregate principal amount of 1.700 % Senior Notes due in April 2026.

(2) As of May 31, 2026, the Company had $ 4.4 billion in available unused borrowing capacity under its revolving credit facilities and receivables financing facility, of which $ 3.2 billion was available under the senior unsecured credit agreement dated June 18, 2025 (the “Revolving Credit Facility”).

The Revolving Credit Facility acts as the back-up facility for commercial paper outstanding, if any.

The Company has a borrowing capacity of up to $ 3.2 billion under its commercial paper program.

Under the receivables financing facility, the Company receives cash advances from an unaffiliated financial institution in exchange for rights to designated pools of trade accounts receivable.

Debt Covenants

3 unchanged sentences

The Company is also subject to certain covenants requiring the Company to offer to repurchase the 3.950 %, 3.600 %, 3.000 %, 1.700 %, 4.250 %, 5.450 %, 4.200 % or 4.750 % Senior Notes upon a change of control.

As of February 28, 2026, and August 31, 2025, the Company was in compliance with its debt covenants.

As of May 31, 2026, and August 31, 2025, the Company was in compliance with its debt covenants.

Refer to Note 16 – “Fair Value Measurements” for the estimated fair values of the Company’s notes payable and long-term debt.

7 unchanged sentences

The special purpose entity in the global asset-backed securitization program is a wholly owned subsidiary of the Company and is included in the Company’s Condensed Consolidated Financial Statements.

Certain unsold receivables covering up to the maximum amount of net cash proceeds available under the domestic, or U.S., portion of the global asset-backed securitization program are pledged as collateral to the unaffiliated financial institution as of February 28, 2026.

The global asset-backed securitization program expires in January 2028 and the maximum amount of net cash proceeds available at any one time is $ 700 million.

The outstanding balance of receivables sold and not yet collected on accounts where the Company has continuing involvement was approximately $ 411 million and $ 372 million as of February 28, 2026, and August 31, 2025, respectively.

The outstanding balance of receivables sold and not yet collected on accounts where the Company has continuing involvement was approximately $ 298 million and $ 372 million as of May 31, 2026, and August 31, 2025, respectively.

Transfers of the receivables under the asset-backed securitization program are accounted for as sales and, accordingly, net receivables sold under the asset-backed securitization program are excluded from accounts receivable on the Condensed Consolidated Balance Sheets and are reflected as cash provided by operating activities on the Condensed Consolidated Statements of Cash Flows.

In connection with the asset-backed securitization program, the Company recognized the following (in millions):

Three months ended Six months ended

February 28, 2026 February 28, 2025 February 28, 2026 February 28, 2025

Three months ended Nine months ended

May 31, 2026 May 31, 2025 May 31, 2026 May 31, 2025

Trade accounts receivable sold $ 1,073 $ 1,214 $ 3,209 $ 3,261

6 unchanged sentences

The global asset-backed securitization program requires compliance with several covenants including compliance with the interest ratio and debt to EBITDA ratio of the Revolving Credit Facility.

As of February 28, 2026, and August 31, 2025, the Company was in compliance with all covenants under the global asset-backed securitization program.

As of May 31, 2026, and August 31, 2025, the Company was in compliance with all covenants under the global asset-backed securitization program.

Accrued Expenses

Accrued expenses consist of the following (in millions):

February 28, 2026 August 31, 2025

May 31, 2026 August 31, 2025

Inventory deposits $ 1,385 $ 1,205

3 unchanged sentences

Accrued expenses $ 6,006 $ 5,185

(1) Revenue recognized during the three months and six months ended February 28, 2026 that was included in the contract liability balance as of August 31, 2025, was $ 177 million and $ 364 million, respectively.

Revenue recognized during the three months and six months ended February 28, 2025 that was included in the contract liability balance as of August 31, 2024, was $ 139 million and $ 289 million, respectively.

(1) Revenue recognized during the three months and nine months ended May 31, 2026 that was included in the contract liability balance as of August 31, 2025, was $ 165 million and $ 529 million, respectively.

Revenue recognized during the three months and nine months ended May 31, 2025 that was included in the contract liability balance as of August 31, 2024, was $ 185 million and $ 474 million, respectively.

Derivative Financial Instruments and Hedging Activities

10 unchanged sentences

The related forward foreign exchange contracts have been designated as hedging instruments and are accounted for as cash flow hedges.

The aggregate notional amount of these outstanding contracts as of February 28, 2026, and August 31, 2025, was $ 499 million and $ 433 million, respectively.

The anticipated foreign currency denominated revenues and expenses being hedged are expected to occur between March 1, 2026, and February 28, 2027.

The aggregate notional amount of these outstanding contracts as of May 31, 2026, and August 31, 2025, was $ 516 million and $ 433 million, respectively.

The anticipated foreign currency denominated revenues and expenses being hedged are expected to occur between June 1, 2026, and May 31, 2027.

Net Investment Hedges

1 unchanged sentence

The maturity dates and aggregate notional amount of these outstanding contracts are as follows (in millions):

Maturity date February 28, 2026 August 31, 2025

Maturity date May 31, 2026 August 31, 2025

October 2025 $ — $ 103

3 unchanged sentences

October 2026 83 —

April 2027 13 —

July 2027 115 —

Total $ 376 $ 390

Gains and losses on derivative instruments designated as cash flow hedges and derivative instruments designated as net investment hedges recognized in OCI and reclassified from AOCI into earnings were not material during the three months and six months ended February 28, 2026, and 2025.

Gains and losses recognized in earnings due to amounts excluded from effectiveness testing were not material during the three months and six months ended February 28, 2026, and 2025.

Gains and losses recognized in earnings due to amounts excluded from effectiveness testing were not material during the three months and nine months ended May 31, 2026, and 2025.

Non-Designated Derivatives

1 unchanged sentence

The Company may also enter into forward foreign exchange contracts to economically hedge the foreign currency exposure related to the purchase price for a pending acquisition.

The aggregate notional amount of these outstanding contracts as of February 28, 2026, and August 31, 2025, was $ 2.7 billion and $ 3.2 billion, respectively.

Gains and losses on derivative instruments not designated as hedging instruments recognized in earnings were not material during the three months and six months ended February 28, 2026, and 2025.

The aggregate notional amount of these outstanding contracts as of May 31, 2026, and August 31, 2025, was $ 3.5 billion and $ 3.2 billion, respectively.

Gains and losses on derivative instruments not designated as hedging instruments recognized in earnings were not material during the three months and nine months ended May 31, 2026, and 2025.

Interest Rate Risk Management

The Company periodically enters into interest rate swaps to manage interest rate risk associated with the Company’s borrowings or anticipated debt issuances.

As of February 28, 2026, there are no outstanding interest rate swaps.

As of May 31, 2026, there are no outstanding interest rate swaps.

Contemporaneously with the issuance of the 4.750 % Senior Notes in January 2026, the Company settled cash flow hedges with an aggregate notional amount of $ 400 million, with various effective dates from March 2025 through December 2025.

3 unchanged sentences

The Company recognized stock-based compensation expense within selling, general and administrative expense as follows (in millions):

Three months ended Six months ended

February 28, 2026 February 28, 2025 February 28, 2026 February 28, 2025

Three months ended Nine months ended

May 31, 2026 May 31, 2025 May 31, 2026 May 31, 2025

Restricted stock units $ 20 $ 14 $ 97 $ 69

1 unchanged sentence

Total $ 25 $ 19 $ 115 $ 84

As of February 28, 2026 , the shares available to be issued under t he 2021 Equity Incentive Plan were 6,556,271 .

As of May 31, 2026 , the shares available to be issued under t he 2021 Equity Incentive Plan were 6,575,785 .

Restricted Stock Units

5 unchanged sentences

The market-based restricted stock units have a vesting condition that is tied to the Company’s total shareholder return based on the Company’s stock performance in relation to the companies in the Standard and Poor’s (S&P) Super Composite Technology Hardware and Equipment Index excluding the Company.

During the six months ended February 28, 2026, and 2025, the Company awarded approximately 0.4 million and 0.6 million time-based restricted stock units, respectively, 0.1 million and 0.1 million performance-based restricted stock units, respectively, and 0.1 million and 0.1 million market-based restricted stock units, respectively.

During the nine months ended May 31, 2026, and 2025, the Company awarded approximately 0.4 million and 0.6 million time-based restricted stock units, respectively, 0.1 million and 0.1 million performance-based restricted stock units, respectively, and 0.1 million and 0.1 million market-based restricted stock units, respectively.

The following represents the stock-based compensation information as of the period indicated (in millions):

February 28, 2026

Unrecognized stock-based compensation expense – restricted stock units $ 78

2 unchanged sentences

The following represents the common stock outstanding for the periods indicated:

Three months ended Six months ended

February 28, 2026 February 28, 2025 February 28, 2026 February 28, 2025

Three months ended Nine months ended

May 31, 2026 May 31, 2025 May 31, 2026 May 31, 2025

Common stock outstanding:

18 unchanged sentences

Q4 FY 2025 $ 1,000 3.7 $ 891 $ 109

(1) As of February 28, 2026, 2.7 million shares had been repurchased for $ 600 million and $ 400 million remained available under the 2026 Share Repurchase Program.

As of April 1, 2026, 3.0 million shares had been repurchased for $ 666 million and $ 334 million remained available under the 2026 Share Repurchase Program.

(1) As of May 31, 2026, 3.7 million shares had been repurchased for $ 891 million and $ 109 million remained available under the 2026 Share Repurchase Program.

Under ASR agreements, the Company makes payments to the participating financial institutions and receives an initial delivery of shares of common stock.

15 unchanged sentences

In addition, the Company repurchased shares of its common stock through the open market as follows (in millions):

Three months ended Six months ended

February 28, 2026 February 28, 2025 February 28, 2026 February 28, 2025

Three months ended Nine months ended

May 31, 2026 May 31, 2025 May 31, 2026 May 31, 2025

Shares Cost Shares Cost Shares Cost Shares Cost

Open market share repurchases 0.9 $ 291 0.2 $ 30 2.6 $ 646 2.7 $ 356

0.5 $ 100 0.7 $ 94 1.7 $ 355 2.5 $ 326

(1) As of April 1, 2026, 2.0 million shares had been repurchased for $ 421 million through open market transactions under the 2026 Share Repurchase Program.

On December 27, 2024, the Company issued a warrant (the “Warrant”) to Amazon.com NV Investment Holdings LLC to acquire up to 1,158,539 ordinary shares of the Company (“Warrant Shares”) at an initial exercise price of $ 137.7671 per share.

1 unchanged sentence

The Warrant Shares are subject to vesting for payments for purchased products and services over the seven-year Warrant term.

The following table summarizes the Warrant activity for the six months ended February 28, 2026:

The following table summarizes the Warrant activity for the nine months ended May 31, 2026:

Warrant Shares

3 unchanged sentences

Shares vested —

Outstanding as of February 28, 2026

Exercisable as of February 28, 2026

Outstanding as of May 31, 2026

Exercisable as of May 31, 2026

Concentration of Risk and Segment Data

1 unchanged sentence

Sales of the Company’s products are concentrated among specific customers.

During the six months ended February 28, 2026, the Company’s five largest customers accounted for approximately 38 % of its net revenue and 78 customers accounted for approximately 90 % of its net revenue.

During the nine months ended May 31, 2026, the Company’s five largest customers accounted for approximately 36 % of its net revenue and 78 customers accounted for approximately 90 % of its net revenue.

Sales to these customers were reported in the Regulated Industries, Intelligent Infrastructure, and Connected Living and Digital Commerce operating segments.

21 unchanged sentences

Three months ended

February 28, 2026 February 28, 2025

May 31, 2026 May 31, 2025

Regulated Industries Intelligent Infrastructure Connected Living and Digital Commerce Total Regulated Industries Intelligent Infrastructure Connected Living and Digital Commerce Total

5 unchanged sentences

Segment income margin 5.6 % 6.1 % 4.9 % 5.8 % 5.5 % 5.3 % 5.3 % 5.4 %

Six months ended

February 28, 2026 February 28, 2025

Nine months ended

May 31, 2026 May 31, 2025

Regulated Industries Intelligent Infrastructure Connected Living and Digital Commerce Total Regulated Industries Intelligent Infrastructure Connected Living and Digital Commerce Total

5 unchanged sentences

Segment income margin 5.4 % 5.7 % 5.1 % 5.5 % 5.0 % 5.1 % 5.2 % 5.1 %

Three months ended Six months ended

February 28, 2026 February 28, 2025 February 28, 2026 February 28, 2025

Three months ended Nine months ended

May 31, 2026 May 31, 2025 May 31, 2026 May 31, 2025

Segment income $ 504 $ 420 $ 1,394 $ 1,101

5 unchanged sentences

Business interruption and impairment charges, net (2)

Loss from the divestiture of businesses ( 2 ) — — —

— ( 1 ) — ( 10 )

(Loss) gain from the divestiture of businesses (3)

( 1 ) 45 ( 1 ) 45

Acquisition and divestiture related charges (4)

( 3 ) ( 9 ) ( 24 ) ( 17 )

Loss on securities (5)

— ( 46 ) — ( 46 )

Other expense (net of periodic benefit cost) ( 28 ) ( 30 ) ( 87 ) ( 75 )

1 unchanged sentence

Income before income tax $ 366 $ 290 $ 886 $ 613

(1) Charges recorded during the three months and six months ended February 28, 2026, relate to targeted restructuring activities to optimize our cost structure and improve operational efficiencies.

Charges recorded during the three months and six months ended February 28, 2025, primarily related to the 2025 Restructuring Plan.

(2) Charges recorded during the six months ended February 28, 2025, related primarily to costs associated with damage from Hurricanes Helene and Milton, which impacted our operations in St.

(1) Charges recorded during the three months and nine months ended May 31, 2026, relate to targeted restructuring activities to optimize our cost structure and improve operational efficiencies.

Charges recorded during the three months and nine months ended May 31, 2025, primarily related to the 2025 Restructuring Plan.

(2) Charges recorded during the nine months ended May 31, 2025, related primarily to costs associated with damage from Hurricanes Helene and Milton, which impacted our operations in St.

Petersburg, Florida, and Asheville and Hendersonville, North Carolina.

Charges are classified as a component of cost of revenue and selling, general and administrative expenses in the Condensed Consolidated Statements of Operations.

(3) Charges recorded during the three months and six months ended February 28, 2026, include $ 11 million and $ 8 million, respectively, of gains on forward foreign exchange contracts in connection with the acquisition of Hanley Energy Group.

February 28, 2026 August 31, 2025

(3) Gain recorded during the three months and nine months ended May 31, 2025, related primarily to post-closing adjustments associated with the divestiture of the Mobility Business during fiscal year 2024.

(4) Charges recorded during the nine months ended May 31, 2026, include $ 8 million of gains on forward foreign exchange contracts in connection with the acquisition of Hanley Energy Group.

(5) Charges recorded during the three months and nine months ended May 31, 2025, related to an impairment of an investment in Preferred Stock.

May 31, 2026 August 31, 2025

Total assets:

7 unchanged sentences

The following table sets forth, for the periods indicated, foreign source revenue expressed as a percentage of net revenue:

Three months ended Six months ended

February 28, 2026

February 28, 2025 February 28, 2026

February 28, 2025

Three months ended Nine months ended

May 31, 2025 May 31, 2026

Foreign source revenue 75.8 % 72.5 % 73.8 % 76.6 %

1 unchanged sentence

The following is a summary of the Company’s restructuring, severance, and related charges (in millions):

Three months ended Six months ended

February 28, 2026 (1)

February 28, 2025 (2)

February 28, 2026 (1)

February 28, 2025 (2)

Three months ended Nine months ended

May 31, 2026 (1)

May 31, 2025 (2)

May 31, 2026 (1)

May 31, 2025 (2)

Employee severance and benefit costs $ 5 $ 5 $ 38 $ 50

8 unchanged sentences

The following table presents the Company’s restructuring, severance, and related charges disaggregated by segment (in millions):

Three months ended Six months ended

February 28, 2026 February 28, 2025 February 28, 2026 February 28, 2025

Three months ended Nine months ended

May 31, 2026 May 31, 2025 May 31, 2026 May 31, 2025

Total restructuring, severance and related charges:

4 unchanged sentences

Total $ 7 $ 16 $ 88 $ 144

The table below summarizes the Company’s liability activity during the six months ended February 28, 2026 (in millions):

The table below summarizes the Company’s liability activity during the nine months ended May 31, 2026 (in millions):

Employee Severance

5 unchanged sentences

Cash payments ( 42 ) ( 3 ) — ( 13 ) ( 58 )

Balance as of February 28, 2026

Balance as of May 31, 2026

$ 12 $ — $ — $ 5 $ 17

5 unchanged sentences

federal statutory income tax rate and the Company's effective income tax rate are as follows:

Three months ended Six months ended

February 28, 2026 February 28, 2025 February 28, 2026 February 28, 2025

Three months ended Nine months ended

May 31, 2026 May 31, 2025 May 31, 2026 May 31, 2025

federal statutory income tax rate 21.0 % 21.0 % 21.0 % 21.0 %

Effective income tax rate 24.7 % 23.7 % 27.4 % 28.5 %

The effective income tax rate differed for the three months and six months ended February 28, 2026, compared to the three months and six months ended February 28, 2025, primarily due to:

(i) a change in the jurisdictional mix of earnings, driven in part by strengthened performance in tax jurisdictions with existing valuation allowances for the three and six months ended February 28, 2026 and (ii) an $ 18 million income tax benefit for the reversal of an unrecognized tax benefit due to a lapse of statute for the six months ended February 28, 2025.

The effective income tax rate differed for the three months and nine months ended May 31, 2026, compared to the three months and nine months ended May 31, 2025, primarily due to:

(i) a change in the jurisdictional mix of earnings, driven in part by strengthened performance in tax jurisdictions with existing valuation allowances for the three and nine months ended May 31, 2026, (ii) an $ 18 million income tax benefit for the reversal of an unrecognized tax benefit due to a lapse of statute for the nine months ended May 31, 2025, and (iii) the post-closing gain adjustments from the divestiture of the Mobility Business recorded during the three months ended May 31, 2025.

The effective income tax rate differed from the U.S.

federal statutory income tax rate of 21.0% during the three months and six months ended February 28, 2026 and 2025, primarily due to:

(i) the jurisdictional mix of earnings, (ii) losses in tax jurisdictions with existing valuation allowances, (iii) tax incentives granted to sites in Malaysia, Singapore, and Vietnam, and (iv) an $ 18 million income tax benefit for the reversal of an unrecognized tax benefit due to a lapse of statute for the six months ended February 28, 2025 .

federal statutory income tax rate of 21.0% during the three months and nine months ended May 31, 2026 and 2025, primarily due to:

(i) the jurisdictional mix of earnings, (ii) losses in tax jurisdictions with existing valuation allowances, (iii) tax incentives granted to sites in Malaysia, Singapore, and Vietnam, (iv) an $ 18 million income tax benefit for the reversal of an unrecognized tax benefit due to a lapse of statute for the nine months ended May 31, 2025, and (v) the post-closing gain adjustments from the divestiture of the Mobility Business recorded during the three months ended May 31, 2025.

Earnings Per Share and Dividends

7 unchanged sentences

Potential shares of common stock not included in the computation of earnings per share because their effect would have been antidilutive or because the performance criterion was not met were as follows (in thousands):

Three months ended Six months ended

February 28, 2026 February 28, 2025 February 28, 2026 February 28, 2025

Three months ended Nine months ended

May 31, 2026 May 31, 2025 May 31, 2026 May 31, 2025

Restricted stock units 232.4 254.9 232.4 254.9

The following table sets forth cash dividends declared by the Company to common stockholders during the six months ended February 28, 2026, and 2025 (in millions, except for per share data):

The following table sets forth cash dividends declared by the Company to common stockholders during the nine months ended May 31, 2026, and 2025 (in millions, except for per share data):

Declaration Date Dividend

5 unchanged sentences

January 22, 2026 $ 0.08 $ 9 February 17, 2026 March 3, 2026

April 23, 2026 $ 0.08 $ 8 May 15, 2026 June 2, 2026

Fiscal Year 2025:

1 unchanged sentence

January 23, 2025 $ 0.08 $ 8 February 18, 2025 March 4, 2025

April 16, 2025 $ 0.08 $ 9 May 15, 2025 June 3, 2025

Business Acquisitions and Divestitures

3 unchanged sentences

Hanley is a provider of energy management and critical power solutions serving the data center infrastructure market.

The final purchase price is subject to adjustment based on conditions within the purchase agreement.

The acquisition will help expand Jabil’s rack-level data center infrastructure capabilities and solutions.

2 unchanged sentences

The preliminary estimates and measurements are subject to change during the measurement period as the Company receives final information and completes its analysis.

The primary areas that may be subject to revision include fair values of intangible assets, goodwill, and related tax attributes.

The primary areas that may be subject to revision include fair values of goodwill and related tax attributes.

The excess of the purchase price over the fair value of the acquired assets and assumed liabilities was recorded to goodwill and was fully allocated to the Intelligent Infrastructure segment.

5 unchanged sentences

Rebound Technologies is a global supply chain service provider headquartered in the United Kingdom offering end-to-end solutions including global sourcing, data driven analytics, proactive shortage management and obsolescence strategies.

The final purchase price is subject to adjustment based on conditions within the purchase agreement.

The acquisition of Rebound Technologies was accounted for as a business combination using the acquisition method of accounting.

1 unchanged sentence

The preliminary estimates and measurements are subject to change during the measurement period as the Company receives final information and completes its analysis.

The primary areas that may be subject to revision include fair values of intangible assets, goodwill and related tax attributes.

The primary areas that may be subject to revision include fair values of goodwill and related tax attributes.

The excess of the purchase price over the fair value of the acquired assets and assumed liabilities was recorded to goodwill and was fully allocated to the Intelligent Infrastructure segment.

25 unchanged sentences

(“JCI”), the Company divested its operations in Italy.

As a result of the transaction, the Company derecognized net assets of approximately $ 36 million and recorded a pre-tax loss of $ 97 million during the three months ended August 31, 2025, subject to post-closing adjustments that are still being finalized.

As a result of the transaction, the Company derecognized net assets of approximately $ 36 million and recorded a pre-tax loss of $ 97 million during the three months ended August 31, 2025.

As part of the terms of the agreement, the Company also paid cash consideration of $ 63 million to the buyer.

4 unchanged sentences

Cash equivalents consist of investments that are readily convertible to cash with original maturities of 90 days or less and are classified within Level 1 of the fair value hierarchy.

As of February 28, 2026 and August 31, 2025, there were $ 627 million and $ 392 million of cash equivalents, respectively.

The fair value of forward foreign exchange contracts were not material to the Company’s Condensed Consolidated Balance Sheets as of February 28, 2026 and August 31, 2025.

As of May 31, 2026 and August 31, 2025, there were $ 341 million and $ 392 million of cash equivalents, respectively.

The fair value of forward foreign exchange contracts were not material to the Company’s Condensed Consolidated Balance Sheets as of May 31, 2026 and August 31, 2025.

Fair Value of Financial Instruments

3 unchanged sentences

The following table presents the carrying amounts and fair values of the Company's notes payable and long-term debt, by hierarchy level as of the periods indicated (in millions):

February 28, 2026 August 31, 2025

May 31, 2026 August 31, 2025

Fair Value Hierarchy Carrying Amount Fair Value Carrying Amount Fair Value

64 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-Q

Item 1. Financial Statements