JABIL INC stock research
FY2026 Q2
JABIL (JBL) Gross Margin — Quarter Ended Feb 28, 2026
Revenue was stable compared to the prior quarter, while cost of revenue decreased, resulting in higher gross profit and an improved gross margin. Compared to the same quarter last year, revenue and gross profit both increased, with gross profit rising at a faster pace, leading to a higher gross margin.
Gross margin takeaway
Quarter ended Feb 28, 2026 · FY2026 Q2
Revenue was stable compared to the prior quarter, while cost of revenue decreased, resulting in higher gross profit and an improved gross margin. Compared to the same quarter last year, revenue and gross profit both increased, with gross profit rising at a faster pace, leading to a higher gross margin.
- The gross margin improvement was primarily associated with a lower cost of revenue relative to revenue compared to both the preceding quarter and the year-ago quarter.
- Sequentially, revenue was unchanged, cost of revenue was lower, and gross profit and gross margin were higher. Year-over-year, revenue, cost of revenue, and gross profit were all higher, but gross margin improved as gross profit grew more than cost of revenue.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
9.0%
Gross profit
$746.0M
Revenue
$8.3B
Cost of revenue
$7.5B
Quarter-over-quarter change
+0.1 pts
Year-over-year change
+0.4 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 |
|---|---|---|---|---|
| May 31, 2025 | $7.8B | $681.0M | $7.1B | 8.7% |
| Aug 31, 2025 | $8.3B | $783.0M | $7.5B | 9.5% |
| Nov 30, 2025 | $8.3B | $742.0M | $7.6B | 8.9% |
| Feb 28, 2026 | $8.3B | $746.0M | $7.5B | 9.0% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Nov 30, 2025
+0.1 pts
Year-over-year change
Feb 28, 2025
+0.4 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The gross margin improvement was primarily associated with a lower cost of revenue relative to revenue compared to both the preceding quarter and the year-ago quarter.
Sequentially, revenue was unchanged, cost of revenue was lower, and gross profit and gross margin were higher. Year-over-year, revenue, cost of revenue, and gross profit were all higher, but gross margin improved as gross profit grew more than cost of revenue.
Monitor the trend in cost of revenue relative to revenue, as it was the key factor in the margin change this quarter.