Investing.com -- Jabil Inc. (NYSE: JBL) reported third-quarter fiscal 2026 results that exceeded analyst expectations, though shares fell 2.5% following the announcement.

The electronics manufacturing services provider posted adjusted earnings per share of $3.16, beating the analyst consensus of $3.08 by $0.08. Revenue reached $8.8 billion, surpassing the $8.55 billion estimate and representing a 12% increase from $7.83 billion in the same quarter last year.

The company attributed the strong performance to robust AI infrastructure demand and better-than-expected results in previously pressured segments, including Automotive and Connected Living.

"Jabil delivered a very strong third quarter, with results ahead of our expectations across revenue, core operating margin, core EPS, and free cash flow," said CEO Mike Dastoor. "AI infrastructure demand remains extremely strong, and our full-year AI-related revenue outlook is now meaningfully higher."

For the fourth quarter of fiscal 2026, Jabil issued adjusted EPS guidance of $3.80 to $4.20, with a midpoint of $4.00 that compares favorably to the prior quarter's result. The company expects fourth quarter revenue between $9.2 billion and $10.0 billion.

Jabil's full fiscal year 2026 outlook projects adjusted EPS of $12.70 versus the analyst consensus of $12.38. The company expects full-year revenue of $35 billion, above the $34.24 billion consensus, with a core operating margin of 5.8% and adjusted free cash flow exceeding $1.4 billion.

"Our diversified model continues to work, allowing us to support strong growth while also driving higher margins and strong free cash flow," Dastoor added.

On a GAAP basis, Jabil reported third-quarter net income of $275 million, or $2.59 per diluted share, compared to $222 million, or $2.03 per diluted share, in the year-ago period.