On July 30, Jabil Circuit rose 5.32% in regular trading, trading at 305.52 USD/share, with turnover of $49.65 million.
On the news front, the AI hardware sector staged a collective rebound following a sustained period of valuation correction. Investment bank Stifel previously noted that the recent selloff should be viewed as a rational valuation reset rather than a signal of weakening demand, and identified Jabil Circuit as one of the names whose valuation had been significantly compressed.
Within the Electronic Manufacturing Services sector, peers rallied broadly, with TTM Technologies up 15.86%, Celestica up 7.77%, Fabrinet up 6.55%, and Flex Ltd up 5.47%, demonstrating strong sector-wide linkage. Notably, Jabil Circuit's board authorized a $1.5 billion share repurchase program in mid-July, providing additional support. The company reported strong fiscal Q3 results in June, beating estimates with adjusted EPS of $3.16 and revenue of $8.75 billion, while raising full-year guidance to $35 billion in revenue and $12.70 in core EPS.
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