What is Jabil's work in process?

Jabil (JBL) reported work in process of $421M in Q1 2026.

How has Jabil's work in process changed year-over-year?

Jabil's work in process increased by 29.1% year-over-year, from $326M to $421M.

What is the long-term trend for Jabil's work in process?

Over 4 years (2021 to 2025), Jabil's work in process has grown at a -16.1% compound annual growth rate (CAGR), from $677M to $335M.

What does work in process mean?

Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.

Jabil JBL Work in process

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Other financials

Income statement

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Revenue$8.8B+11.8%

Gross profit$828.0M+21.6%

Operating income$445.0M+10.4%

Net income$275.0M+23.9%

EPS (diluted)$2.59+27.6%

Balance sheet

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Cash & equivalents$1.4B-10.7%

Total debt$3.9B+16.9%

Total equity$1.3B+3.0%

Total assets$23.8B+28.1%

Cash flow

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Operating cash flow$535.0M+31.8%

CapEx$184.0M+114%

Free cash flow$351.0M+9.7%

Valuation

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Market cap$40.67B+54.8%

Enterprise value$43.2B+63.6%

P/E47.2×+1.6×

P/S1.2×+0.3×

Profitability

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Gross margin9.2%+0.4pp

Operating margin4.3%+0.2pp

Net margin2.6%+0.5pp

FCF margin3.9%-0.7pp

Returns & leverage

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Return on equity66.1%+33.7pp

Debt / equity3.3×+0.8×

Current ratio1×0.0×

Where this comes from

Reported directly by Jabil in its filing.

Tagged under the XBRL concept us-gaap:InventoryWorkInProcess.

The official record: Jabil’s 10-Q, filed June 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Jabil's work in process?: Jabil (JBL) reported work in process of $421M in Q1 2026.
How has Jabil's work in process changed year-over-year?: Jabil's work in process increased by 29.1% year-over-year, from $326M to $421M.
What is the long-term trend for Jabil's work in process?: Over 4 years (2021 to 2025), Jabil's work in process has grown at a -16.1% compound annual growth rate (CAGR), from $677M to $335M.
What does work in process mean?: Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.