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ST. PETERSBURG, Fla. - Jabil Inc. (NYSE:JBL) announced Thursday that its Board of Directors has authorized a new share repurchase program of up to $1 billion in common stock. The company plans to repurchase shares from time to time using various methods, including open market purchases, subject to market conditions. The announcement comes as Jabil, now valued at $23.8 billion, trades near its 52-week high of $227.54, according to InvestingPro data.
"One of our top capital allocation priorities is returning value to shareholders through share repurchases," said CEO Mike Dastoor in a press release statement.
The manufacturing solutions provider has returned approximately $7 billion to shareholders through share repurchases and dividends since 2016. During this period, Jabil has repurchased about 110.2 million shares at an average price of $59.46.
Dastoor noted that the company continues to "drive strong results in a complex environment," citing opportunities in AI infrastructure, healthcare, and digital commerce, while managing what he described as "near-term volatility" in electric vehicles, renewables, and 5G markets.
The company plans to share more details about its outlook for fiscal year 2026 during its eighth annual virtual investor briefing scheduled for late September.
Jabil provides engineering, manufacturing, and supply chain solutions across various industries, operating more than 100 sites worldwide.
In other recent news, Jabil has announced a quarterly dividend of $0.08 per share, continuing its long-standing tradition of dividend payments since 2006. The dividend is set to be paid on September 3, 2025, to shareholders on record as of August 15, 2025. Jabil has also expanded its collaboration with Endeavour Energy to deliver modular AI infrastructure, aiming to reduce upfront investments and accelerate deployment. This partnership builds on Jabil’s $500 million investment in cloud and AI infrastructure, which is expected to be operational by mid-2026.
Analysts have been positive about Jabil’s future, with Stifel resuming coverage with a Buy rating, citing the company’s growing exposure to AI infrastructure. BofA Securities also raised its price target for Jabil, first to $225 and then to $245, maintaining a Buy rating due to strong fiscal third-quarter results and increased AI revenue forecasts. Jabil’s AI-related revenue is projected to grow significantly, with BofA expecting it to reach $10.6 billion in fiscal 2026 and $13.3 billion in fiscal 2027. The company’s focus on AI and data center infrastructure is seen as a key driver for future growth, with operating margins expected to improve in the coming years.
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