JABIL (JBL) Revenue — Quarter Ended Feb 29, 2024
Revenue for the latest quarter declined sharply compared to both the immediately preceding quarter and the same quarter one year earlier. The reported figure continued a downward trend observed over recent periods.
Key takeaway
Quarter ended Feb 29, 2024 · FY2024 Q2
Revenue for the latest quarter declined sharply compared to both the immediately preceding quarter and the same quarter one year earlier. The reported figure continued a downward trend observed over recent periods.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$6.8B
Revenue reported for this quarter.
Quarter-over-quarter
-19.3%
Change from the immediately preceding quarter.
Year-over-year
-16.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$32.1B
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, 2023 | $8.5B | +1.8% |
| Aug 31, 2023 | $8.5B | -6.3% |
| Nov 30, 2023 | $8.4B | -13.0% |
| Feb 29, 2024 | $6.8B | -16.8% |
Revenue performance
The quarter-over-quarter decline was steeper than the year-over-year decrease, indicating an acceleration in the revenue drop. The trailing twelve-month revenue also reflected the sustained weakness.
Quarterly comparison
Sequentially, revenue fell from the prior quarter, and on a year-over-year basis it was also lower than the same quarter last year. The magnitude of the decline was more pronounced in the sequential comparison.
What to watch
The extent of the revenue decline in the latest quarter may be a key area to monitor in future filings.