Jabil posts Q1 core EPS of $2.31 on revenue $9.6B; raises FY2023 core EPS outlook to $8.40

First Quarter of Fiscal Year 2023 Highlights: • Net revenue: $9.6 billion • Diversified Manufacturing Services (DMS) year-on-year revenue growth: 8 percent • Electronics Manufacturing Services (EMS) year-on-year revenue growth: 18 percent • U.S. GAAP operating income: $362 million • U.S. GAAP diluted earnings per share: $1.61 • Core operating income (Non-GAAP): $461 million • Core diluted earnings per share (Non-GAAP): $2.31

Second Quarter of Fiscal Year 2023 Outlook: • Net revenue $7.8 billion to $8.4 billion • U.S. GAAP operating income $319 million to $379 million • U.S. GAAP diluted earnings per share $1.44 to $1.84 per diluted share • Core operating income (Non-GAAP) (1) $347 million to $407 million • Core diluted earnings per share (Non-GAAP) (1) $1.64 to $2.04 per diluted share • Total company revenue Increase 7 percent year-on-year

I remain confident in our plan moving forward, which is supported by both strong secular tailwinds and continued refinement of our more traditional businesses,” continued Mondello. “As a result, we are raising our core EPS for the year to $8.40, a twenty-five cent increase from our outlook at the beginning of the fiscal year,” added Mondello.