Jabil Inc. (NYSE:JBL) stock slid on Wednesday after the manufacturing services provider delivered stronger-than-expected fiscal second-quarter 2026 results and raised its full-year outlook, signaling continued momentum from AI- and infrastructure-led demand.

The company reported:

Quarterly adjusted earnings per share of $2.69, beating the analyst consensus estimate of $2.51. 

Quarterly net revenue of $8.28 billion, down by 23.1% year-over-year (Y/Y), outpaced the analyst consensus estimate of $7.74 billion.

Cash and equivalents of $1.83 billion.

Segment Performance

Regulated Industries revenue grew 10% Y/Y, and Intelligent Infrastructure revenue climbed by 52% Y/Y. However, Connected Living & Digital Commerce revenue decreased by 8% Y/Y.

Jabil's core EBITDA as of quarter end was $581 ...