JABIL INC stock research
FY2023 Q2
JABIL (JBL) Gross Margin — Quarter Ended Feb 28, 2023
Revenue declined from the prior quarter but increased compared to the same quarter last year. Gross profit followed a similar pattern, while gross margin improved slightly from the prior quarter and remained stable year over year.
Gross margin takeaway
Quarter ended Feb 28, 2023 · FY2023 Q2
Revenue declined from the prior quarter but increased compared to the same quarter last year. Gross profit followed a similar pattern, while gross margin improved slightly from the prior quarter and remained stable year over year.
- The strongest observable margin driver was the sequential improvement in gross margin, as cost of revenue fell more than revenue.
- Compared to the immediately preceding quarter, revenue and gross profit were lower, but gross margin improved. Compared to the same quarter one year earlier, revenue and gross profit were higher, while gross margin remained unchanged.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
8.1%
Gross profit
$661.0M
Revenue
$8.1B
Cost of revenue
$7.5B
Quarter-over-quarter change
n/a
Year-over-year change
+0.1 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Feb 28, 2023 | $8.1B | $661.0M | $7.5B | 8.1% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Previous quarter unavailable
n/a
Year-over-year change
Feb 28, 2022
+0.1 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver was the sequential improvement in gross margin, as cost of revenue fell more than revenue.
Compared to the immediately preceding quarter, revenue and gross profit were lower, but gross margin improved. Compared to the same quarter one year earlier, revenue and gross profit were higher, while gross margin remained unchanged.
Monitor the relationship between revenue and cost of revenue to assess whether margin improvement can be sustained.