On July 28, Jabil Circuit fell 5.34% in regular trading, trading at $291.68 USD/share, with turnover of approximately $51.77 million. The decline occurred amid a broad selloff across the Electronic Manufacturing Services sector.
Within the sector, peers experienced significant losses: TTM Technologies fell 14.63%, Flex Ltd dropped 10.72%, and Fabrinet declined 6.75%, while Celestica rose 1.73% and TE Connectivity edged up 0.45%. Investment bank Stifel previously characterized the ongoing AI hardware selloff as a valuation reset rather than a signal of weakening demand, noting that market expectations had run ahead of fundamentals. Stifel specifically identified Jabil Circuit among stocks whose valuations have been significantly compressed.
Notably, Jabil's recent fiscal Q3 results beat expectations with adjusted EPS of $3.16 versus estimates of $3.10 and revenue of $8.75 billion, while the company raised full-year guidance to $35 billion in revenue. The board also authorized a $1.5 billion share buyback program in mid-July.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)