Jabil Appoints Steve Raymund as Chairman of the Board
Jabil announced that Steve Raymund has been appointed Chairman of its Board of Directors. Additionally, Thomas T. Edman and Raejeanne Skillern have been appointed to its Board of Directors. "I am honored to accept this role and look forward to collaborating with the rest of the Board to continue advancing Jabil's strategic direction," said Raymund. "We are also pleased to welcome Tom and Raejeanne to our Board. Tom's leadership in electronics manufacturing paired with Raejeanne's experience in key growth industries like cloud and data centers will be terrific additions to Jabil." Mr. Raymund has served as a director of Jabil since January 1996 and was appointed Lead Director in November 2021. He began his career at Tech Data Corporation, now TD Synnex, in 1981 as operations manager. He became COO in 1984 and was promoted to CEO in 1986, serving until his retirement in 2006. Mr. Raymund served as the Chairman of the board of directors of Tech Data Corporation from 2001 to 2017.
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Financial Overview: The company has issued $500 million in senior notes with a 4.200% interest rate.
Maturity Date: The senior notes are due in 2029, indicating a long-term financing strategy.

- Strategic Investment Collaboration: Jabil has formed a strategic minority investment and manufacturing collaboration with EHT Semi, combining Jabil's manufacturing capabilities with EHT's innovative power delivery technologies to tackle critical challenges in advanced semiconductor fabrication.
- Technological Innovation Enhancement: EHT Semi specializes in RF and pulsed DC power systems that deliver unprecedented plasma stability and precision, enabling breakthrough capabilities in high aspect ratio etch, atomic layer etch, and atomic layer deposition for next-generation semiconductor processes.
- Market Demand Response: This collaboration leverages Jabil's expertise in high-voltage power systems to help EHT Semi deliver next-generation RF and pulsed-power solutions to global semiconductor leaders, addressing the growing demand for high-performance semiconductors.
- Compliance and Scalability: EHT's CEO noted that collaborating with Jabil removes barriers to scaling, ensures compliance with global manufacturing standards and cost targets, enabling EHT to serve the largest semiconductor manufacturers and further solidify its market position.
- Earnings Preview for PNC: PNC Financial is set to release its quarterly earnings on Friday, with its stock down 2.5% from last week's high, indicating cautious investor sentiment ahead of the report.
- Goldman Sachs Gains: Goldman Sachs has risen about 4% this week, with a 4.6% increase on Thursday following its quarterly earnings report, reflecting strong market confidence in its financial health.
- Regional Bank Performance: Regions Financial has gained 15.3% over the past three months, despite a 2.5% drop this week, showcasing the resilience and growth potential of regional banks in the current market.
- Tech Stock Dynamics: Taiwan Semiconductor's stock rose 4.4% and is up 12% in January, with its strong earnings report seen as a signal for a tech stock recovery, further boosting market optimism towards technology shares.
- Stock Performance: Jabil's stock has risen each trading day this week, closing 4.9% higher than the previous session as of Wednesday, indicating strong market performance and investor confidence.
- Analyst Price Target Increase: Goldman Sachs analyst Mark Delaney raised Jabil's price target from $255 to $282, based on optimistic expectations for growing data center demand, implying nearly 17% upside potential.
- Consistent Bullish Views: Bank of America also raised its price target on Jabil from $265 to $280, further reflecting positive market sentiment, although investors should remain focused on the company's fundamentals.
- Financial Health Outlook: Jabil projects year-over-year revenue growth for fiscal 2026 and maintains consistent profitability, showcasing its extensive exposure to the artificial intelligence sector and significant growth potential, making it a worthy consideration for investors.
- Stock Performance: Jabil's shares have risen 4.9% over the first three days of the week, indicating strong market optimism and potentially attracting more investor interest.
- Analyst Upgrades: Goldman Sachs analyst Mark Delaney raised Jabil's price target from $255 to $282, based on optimistic expectations of growing data center demand, suggesting nearly 17% upside potential.
- Positive Sentiment from Other Firms: Bank of America analyst Ruplu Bhattacharya also increased Jabil's price target from $265 to $280, further bolstering market confidence and reflecting recognition of the company's profitability.
- Strong Fundamentals: Jabil projects year-over-year revenue growth in fiscal 2026 and maintains consistent profitability, showcasing its extensive exposure to the artificial intelligence industry and significant growth potential, making it a worthy consideration for investors.









