Jabil Inc
JBLQ4 2023(JBL Q1 FY2024)Estimated5% AI
AI Revenue %
5%
AI Fair Value
$579.4M
AI Revenue (Q)
$338.4M
Total Revenue (Q)
$6.8B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Q1 FY2024 (Nov 30, 2023): EMS $3,592M, DMS $4,795M, Total $8,387M. Overall revenue declined from $9,635M prior year due to mobility business wind-down. EMS declined significantly ($3,592M vs $4,546M) but AI infrastructure within EMS was growing. Jabil was actively manufacturing AI server components, liquid cooling, and optical transceivers at scale. Raising estimate to 5% as AI data center buildout accelerated. ~$419M / $8,387M = 5.0%.
Analyzed by claude-opus-4-6
Quoted Figures
EMS $3,592M, DMS $4,795M, Total $8,387M
10-Q, November 30, 2023, Segment Revenue table
2024 Restructuring Plan to realign the Company s cost base for stranded costs associated with the Company s sale and realignment of its mobility business
10-Q, November 30, 2023, Restructuring Note
AI Products Identified (Ring 1)
AI server componentsGPU liquid cooling systemsoptical transceiversdata center power infrastructure
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
cloud and data center infrastructurenetworking and storage manufacturing
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix