NEW YORK - Jabil Inc. (NYSE:JBL) reported better-than-expected first quarter fiscal 2025 results and raised its full-year outlook, sending its shares surging 11% in early trading.

The electronics manufacturing services provider posted adjusted earnings per share of $2.00 for the quarter ended November 30, surpassing the analyst estimate of $1.88. Revenue came in at $7 billion, exceeding the consensus forecast of $6.61 billion and representing a 3.4% YoY increase.

Jabil attributed the strong performance to "incremental strength" in its Cloud, Data Center Infrastructure, and Digital Commerce end-markets. CEO Mike Dastoor expressed satisfaction with the results, stating, "The team was able to deliver strong Core EPS and cash flow generation during the quarter."

Looking ahead, Jabil raised its fiscal 2025 guidance. The company now expects full-year revenue of $27.3 billion, up from the previous analyst consensus of $27.04 billion. It also increased its core earnings per share forecast to $8.75, above the prior estimate of $8.69.

For the second quarter, Jabil projects revenue between $6.1 billion and $6.7 billion, with the midpoint slightly above the analyst consensus of $6.28 billion. The company anticipates adjusted EPS in the range of $1.60 to $2.00 for Q2, compared to the $1.80 analyst estimate.

Dastoor added, "Importantly, for the year we continue to foresee robust adjusted free cash flow generation of $1.2 billion."

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