Micron Technology (NASDAQ:MU) The company is scheduled to report second-quarter fiscal 2026 results on Wednesday, March 18. The memory specialist’s report is expected to provide insights into whether the company can soar further following last year’s stunning 323% surge.
These signs are positive for Micron’s quarterly report. Artificial intelligence (AI) data centers continue to generate huge demand for memory chips, and supply constraints mean prices will remain high. However, Micron isn’t the only company preparing to report solid quarterly results this week.
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Jabil (NYSE: JBL) A quarterly report is also scheduled for March 18. Let’s take a look at why its upcoming earnings report could give Jabil stock a shot in the arm.
Artificial intelligence has proven to be an excellent catalyst for Jabil. The stock rose after the company reported a quarterly report for its fiscal first quarter ended Nov. 30, with revenue and earnings handily beating Wall Street expectations.
Jabil management said on the earnings call that “artificial intelligence remains a key driver of growth,” which isn’t surprising as hyperscalers leverage Jabil’s data center infrastructure solutions, including server racks, liquid cooling products and power management tools. The company recently increased sales of data center solutions to its second hyperscale customer.
Importantly, Jabil is in talks to bring its AI-focused solutions to more of its hyperscale enterprises, suggesting that its revenue pipeline will become even stronger. It is worth noting that in December, Jabil raised its artificial intelligence revenue forecast for fiscal year 2026 to US$12.1 billion, an increase of 35% from the previous year. AI revenue was earlier expected to grow 25% this fiscal year.
Driven by potential new business in hyperscalers, it’s no surprise that Jabil further boosted its AI prospects when it released results. In addition, Jabil retrofitted existing facilities to meet the demand for liquid-cooled server racks. The company noted that its revamp work was completed ahead of schedule, which means it can fulfill more orders and achieve stronger growth.
Jabil management expects second-quarter revenue of $7.5 billion to $8 billion and earnings per share of $2.27 to $2.67. The numbers suggest revenue could rise 16% year over year and earnings could rise 27% (based on the midpoint of its guidance).
