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JABIL Jabil Posts First Quarter Results Updates Outlook for the Fiscal Year ST . PETERSBURG , Fla . December 16 , 2021 – Today , Jabil Inc. ( NYSE : JBL ) , reported preliminary , unaudited financial results for its first quarter of fiscal year 2022 . " Our momentum continues , and I'm thrilled with our teams ' strong performance in Q1 , " said Chairman and CEO Mark Mondello . " During the quarter , our financial results were supported by growth in key end - markets and successful management of a very dynamic supply chain environment . Our performance is illustrative of both the power of our talented workforce and the resiliency of our large - scale diversified model , which serves a broad range of end - markets today , " he added . First Quarter of Fiscal Year 2022 Highlights : Net revenue : $ 8.6 billion Diversified Manufacturing Services ( DMS ) year - on - year revenue growth : 11 percent Electronics Manufacturing Services ( EMS ) year - on - year revenue growth : 7 percent U.S. GAAP operating income : $ 350 million U.S. GAAP diluted earnings per share : $ 1.63 Core operating income ( Non - GAAP ) : $ 400 million Core diluted earnings per share ( Non - GAAP ) : $ 1.92 Second Quarter of Fiscal Year 2022 Outlook : Net revenue U.S. GAAP operating income U.S. GAAP diluted earnings per share Core operating income ( Non - GAAP ) ( ¹ ) Core diluted earnings per share ( Non - GAAP ) ( ¹ ) Fiscal Year 2022 Updated Outlook : NEWS $ 7.1 billion to $ 7.7 billion $ 266 million to $ 326 million $ 1.19 to $ 1.39 per diluted share $ 290 million to $ 350 million $ 1.35 to $ 1.55 per diluted share " Our commercial portfolio has been constructed to deliver reliable margins and strong free cash flows , and what we're doing is working , " continued Mondello . “ Given our strong start to the year , combined with our improved forecast , we now expect FY22 revenue will be $ 31.8 billion , while core EPS will increase to $ 6.55 , up 20 cents from our outlook in September , " added Mondello . ( ¹ ) Core operating income and core diluted earnings per share exclude anticipated adjustments of $ 8 million for amortization of intangibles ( or $ 0.06 per diluted share ) and $ 16 million for stock - based compensation expense and related charges ( or $ 0.10 per diluted share ) . ( Definitions : " U.S. GAAP " means U.S. generally accepted accounting principles . Jabil defines core operating income as U.S. GAAP operating income less amortization of intangibles , stock - based compensation expense and related charges , restructuring , severance and related charges , distressed customer charges , acquisition and integration charges , loss on disposal of subsidiaries ,