JABIL (JBL) Revenue — Quarter Ended May 31, 2024
Revenue for the quarter declined sharply compared to the same period a year ago. Sequentially, revenue was essentially flat versus the prior quarter.
Key takeaway
Quarter ended May 31, 2024 · FY2024 Q3
Revenue for the quarter declined sharply compared to the same period a year ago. Sequentially, revenue was essentially flat versus the prior quarter.
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
-0.0%
Change from the immediately preceding quarter.
Year-over-year
-20.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$30.4B
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 |
|---|---|---|
| Aug 31, 2023 | $8.5B | -6.3% |
| Nov 30, 2023 | $8.4B | -13.0% |
| Feb 29, 2024 | $6.8B | -16.8% |
| May 31, 2024 | $6.8B | -20.2% |
Revenue performance
The reported revenue reflects a continuation of the declining trend seen over recent quarters. Trailing twelve-month revenue also followed a downward path.
Quarterly comparison
Revenue was unchanged from the immediately preceding quarter. However, it was substantially lower than the same quarter one year earlier.
What to watch
The flat sequential performance may indicate stabilization, but the significant year-over-year decline warrants attention.