Jabil Inc. (JBL) SEC Filings & Earnings Calls

Customer Concentration

“In fiscal year 2026, our five largest customers accounted for approximately 37% of our net revenue, and 76 customers accounted for approximately 90% of our net revenue.” · word for word

FDA Regulatory Action

“On August 27, 2026, we received an FDA Warning Letter relating to an inspection in March 2026 of the Pharmaceutics International, Inc. (“Pii”) facility in Hunt Valley, Maryland.” · word for word

Tariff Exposure

“Tariffs have and could increase the costs of the components and raw materials we use in the manufacturing process as well as import and export costs for finished products.” · word for word

Supply Chain Disruption

“Our supply chain has recently been impacted by component shortages, most notably in the semiconductor industry, and is currently impacted by the global memory component shortage.” · word for word

Geopolitical Risk

“geopolitical unrest, including the invasion of Ukraine, the possibility of military activity in countries near or adjacent to Ukraine, and the sanctions and other actions taken by the European Union, the United States, and other governments around the world in response” · word for word

Customer concentration in Intelligent Infrastructure

“Intelligent Infrastructure segment revenue 48% of total (Q3 2026), up from 44% a year ago, increasing dependency on cloud/data center and networking customers.”

Working capital pressure from inventory build

“Days in inventory increased to 84 days from 74 days YoY, driven by timing of customer shipments in Intelligent Infrastructure.”

Dependence on a limited number of customers and rapid demand changes could impact results.

“our dependence on a limited number of customers; managing rapid declines or increases in customer demand” · word for word

Governance risk: two directors failed to receive majority votes, indicating shareholder dissatisfaction

“John Plant and Tiger Tyagarajan did not receive a majority of votes cast in the election of directors at the 2026 annual meeting.” · word for word

Connected Living segment decline

“Connected Living and Digital Commerce segment net revenue decreased 8% primarily due to a 13% decrease in revenues from existing customers within our connected living business.” · word for word

Customer concentration in cloud/data center

“Intelligent Infrastructure segment now 49% of revenue (up from 39% a year ago), heavily reliant on cloud/data center customers.”

Customer concentration and rapid demand changes could impact production scheduling.

“Dependence on a limited number of customers; managing rapid declines or increases in customer demand.” · word for word

Geopolitical and supply chain risks from international operations.

“Risks associated with international sales and operations, including geopolitical uncertainties.” · word for word

Increased leverage from $1B debt issuance; interest expense will rise.

“Issued $1B in senior notes; interest rates 4.200% and 4.750%.”

Connected Living segment decline

“The Connected Living and Digital Commerce segment net revenue decreased 11% primarily due to a 13% decrease in revenues from existing customers within our connected living business.” · word for word

Restructuring costs

“Restructuring, severance, and related charges decreased during the three months ended November 30, 2025, compared to the three months ended November 30, 2024, primarily due to higher restructuring, severance and related charges, related to the 2025 Restructuring Plan, during the three months ended November 30, 2024.” · word for word

Acquisition integration risk

“We are in the process of determining the fair values of the acquired assets and assumed liabilities. The initial accounting for the Hanley acquisition is incomplete due to the proximity of the transaction date to the filing of the Quarterly Report on Form 10-Q for the three months ended November 30, 2025.” · word for word

Customer concentration and supply chain risks

“Forward-looking statements mention dependence on limited number of customers and suppliers.”

Board leadership transition

“As announced in October 2025, Mr. Mondello is not standing for re-election at the Annual Meeting. Following Mr. Mondello's departure, Mr. Raymund is expected to be appointed Chairman of the Board.” · word for word

Say-on-pay support below 80%

“More than 72% of the votes cast on the say-on-pay proposal were cast "For" the approval of the compensation of our NEOs as disclosed in the proxy statement distributed in connection with that annual meeting.” · word for word