ST. PETERSBURG, FL – Jabil’s fiscal second quarter net revenue was $7.6 billion, up 10.6% year-over-year.

Net income for the quarter ended Feb. 28 was $222 million, an increase of 46.1% compared to the fiscal second quarter of 2021. Operating income was $313 million, up 32.6%.

Electronics manufacturing services had year-over-year revenue growth of 19%. Diversified manufacturing services had year-over-year revenue growth of 4%.

"The Jabil team delivered another strong quarter in Q2, highlighted by outstanding operational execution and skillful management of current supply chain dynamics," said chairman and CEO Mark Mondello. "These actions, coupled with strong demand in key end-markets, allowed us to deliver robust financial results year-on-year."

For the six-month period ended Feb. 28, Jabil reported net revenue of $6.8 billion, growth of 10% year-over-year. Net income was $463 million, an increase of 31.2%. Operating income was $663 million, up 20.5%.

For the fiscal third quarter, the company expects net revenue between $7.9 billion and $8.5 billion and US GAAP operating income from $276 million to $336 million.

"I like what we’re doing and where we’re going. Our strong financial outlook is supported by both strong secular tailwinds and momentum in many of the end-markets we serve. As a result, we are raising our financial outlook for the fiscal year. We now expect full-year 2022 to deliver revenue in the range of $32.6 billion and core EPS of approximately $7.25."

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