ST. PETERSBURG, FL – Jabil reported preliminary results for its third quarter, exceeding expectations and raising its full-year outlook. The company posted net revenue of $7.8 billion and GAAP operating income of $403 million.

CEO Mike Dastoor credited strength in cloud, data center infrastructure and capital equipment markets for the solid results, highlighting the Intelligent Infrastructure segment’s growth amid AI-driven demand.

Looking ahead, Jabil forecasts next quarterly net revenue between $7.1 billion and $7.8 billion. The company now expects a yearly revenue of $29 billion.