Micron Technology is a widely followed artificial intelligence (AI) infrastructure stock, as it supplies a critical component in the form of memory chips that go into a variety of AI accelerator chips.
The company’s revenue and earnings have been growing rapidly, driven by an acute shortage of memory chips. Micron is poised to release its fiscal 2026 third-quarter results on June 24, and there is a solid chance it will crush expectations and deliver terrific guidance that could send the stock soaring.
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However, there’s another underrated AI infrastructure company that’s going to release its fiscal 2026 Q3 earnings report on June 17 — Jabil (NYSE: JBL). This AI stock has jumped 60% in 2026, and there is a good chance it will get a nice shot in the arm following its upcoming report. Let’s look at the reasons why.
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AI is accelerating Jabil’s growth
When Jabil released its fiscal Q2 results in March, the company reported a 23% year-over-year increase in revenue to $8.3 billion. For comparison, Jabil’s revenue was flat in the same quarter last year. What’s more, the company’s earnings per share jumped by 38% year over year to $2.69 in fiscal Q2.
The company’s revenue guidance for fiscal Q3 calls for $8.5 billion in revenue and $3.03 in earnings per share at the midpoint. That points toward a potential year-over-year increase of 9% in revenue and a 19% jump in earnings. However, Jabil could deliver stronger growth, as demand for its AI servers and racks is exceeding supply.
Jabil makes rack-scale servers, liquid-cooling systems, and power management solutions deployed in AI data centers. The company anticipates a 46% increase in its AI revenue this year to $13.1 billion, driven by red-hot demand for AI servers. In fact, Jabil increased its AI revenue outlook by $1 billion when it…
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