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ST. PETERSBURG, Fla. - In a strategic move poised to advance the integration of humanoid robots into manufacturing, Apptronik, an AI-powered humanoid robotics firm, has teamed up with Jabil (NYSE: JBL), a prominent player in the Electronic Equipment industry with a market capitalization of $17.45 billion. According to InvestingPro data, Jabil has demonstrated strong financial performance with a 63% return on equity over the last twelve months. The collaboration aims to scale the production of Apptronik’s Apollo humanoid robots, with the robots themselves participating in their own manufacturing process at Jabil’s facilities.
The pilot program will see the Apollo robots performing simple, repetitive tasks within Jabil’s production lines, including inspection, sorting, and assembly functions. This initiative is designed to augment Jabil’s human workforce, allowing employees to focus on more complex and creative tasks. With annual revenue of $27.49 billion, Jabil has the scale to potentially transform manufacturing automation. (InvestingPro subscribers have access to 12+ additional key insights about Jabil’s operational efficiency and growth potential.)
Jabil’s role as a global manufacturing partner will enable Apptronik to leverage Jabil’s expertise and infrastructure to scale up production and meet growing customer demand. The partnership is expected to enhance the affordability and accessibility of humanoid robots, potentially expanding their use into new markets such as retail and elder care.
Apptronik’s CEO, Jeff Cardenas, emphasized the importance of this collaboration in creating a "flywheel effect" necessary for the widespread adoption of humanoid robots. Meanwhile, Rafael Renno, Senior Vice President of Global Business Units at Jabil, highlighted the potential impact of Apollo on Jabil’s operations and the future of manufacturing.
The announcement underscores both companies’ commitment to innovation in automation and robotics, with Apptronik bringing its design and AI technology to the table, and Jabil providing its manufacturing prowess and global reach.
This news is based on a press release statement and reflects the ongoing efforts to integrate advanced robotics into industrial applications, potentially transforming the landscape of manufacturing and other sectors. Jabil’s stock has shown strong momentum with a 46.78% return over the past six months, suggesting investor confidence in its strategic initiatives. For detailed analysis and comprehensive insights, including Fair Value estimates and growth projections, check out the full research report available on InvestingPro.
In other recent news, Jabil Inc. reported strong fiscal first-quarter results, with sales and earnings per share surpassing analyst expectations by $390 million and $0.13, respectively. This performance led Stifel to increase its stock price target from $150 to $160, maintaining a Buy rating. Jabil also updated its fiscal year 2025 outlook for its Cloud and Data Center Infrastructure segment, raising it by $400 million to $5.5 billion, thanks to additional program wins with Amazon Web Services. In a strategic move, Jabil issued a warrant to Amazon.com (NASDAQ:AMZN), allowing the tech giant to purchase up to 1.16 million shares, with the exercise price set at $137.77 per share. This agreement aligns with Jabil’s ongoing partnerships and reflects its business relationships with major industry players.
Furthermore, Jabil announced a prospectus supplement for the resale of up to 1,158,539 shares of its common stock, clarifying that it will not receive any proceeds from this transaction. The legal opinion from Skadden, Arps, Slate, Meagher & Flom LLP was included to ensure the validity of the shares for resale. Additionally, during its Annual Meeting of Stockholders, Jabil’s shareholders elected eight directors to its board and ratified Ernst & Young LLP as the independent auditor for the fiscal year ending August 31, 2025. The shareholders also voted on executive compensation and two other proposals, with the latter failing to pass. These developments provide a glimpse into Jabil’s financial health and strategic direction.
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