JABIL (JBL) Revenue — Quarter Ended Feb 28, 2023
Revenue for the reported quarter decreased compared with the immediately preceding quarter, but increased compared with the same quarter one year earlier. The sequential decline contrasts with the year-over-year growth, reflecting a mixed performance.
Key takeaway
Quarter ended Feb 28, 2023 · FY2023 Q2
Revenue for the reported quarter decreased compared with the immediately preceding quarter, but increased compared with the same quarter one year earlier. The sequential decline contrasts with the year-over-year growth, reflecting a mixed performance.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$8.1B
Revenue reported for this quarter.
Quarter-over-quarter
-15.6%
Change from the immediately preceding quarter.
Year-over-year
+7.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$35.1B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| May 31, 2022 | $8.3B | +15.4% |
| Aug 31, 2022 | $9B | +21.9% |
| Nov 30, 2022 | $9.6B | +12.5% |
| Feb 28, 2023 | $8.1B | +7.7% |
Revenue performance
The reported revenue moved lower from the prior quarter, while it remained above the level achieved in the same period a year ago. The sequential drop was material, yet the annual comparison showed an increase.
Quarterly comparison
Compared with the immediately preceding quarter, revenue was lower, marking a reversal from the prior period's growth. However, relative to the same quarter one year earlier, revenue was higher, continuing the positive annual trend seen in recent quarters.
What to watch
The sequential revenue decline warrants attention to underlying demand trends in the quarters ahead.