Jabil Guides Fiscal 2027 Core EPS to $17.55 as AI Revenue Set to Jump 54%

TTM Technologies reported record quarterly net sales of $1.00 billion for its second quarter, up 37.4% year on year and 4.8% above analysts' expectations, with next-quarter revenue guidance also exceeding consensus. Chief Executive Officer Edwin Roks credited robust Data Center and Networking demand, which rose 91% year on year, along with 33% growth in the Medical, Industrial and Instrumentation end market and 14% growth in Aerospace and Defense. The stock has fallen 6% since the results and trades at $123.42. Across the 10 electronic components and manufacturing stocks tracked in the group, revenues beat consensus by 4.7% and next-quarter revenue guidance came in 6.3% above estimates, with share prices up 2.1% on average since reporting. Amphenol led the group with revenue of $8.76 billion, up 55% year on year, while Jabil posted $10.62 billion, up 28.6%, and Plexus reported $1.30 billion, up 28.1%; Rogers was the weakest, with revenue of $216.8 million, up 6.9%, and a significant miss on earnings per share.

Krungsri Securities maintains its Buy rating on KCE Electronics and raises its target price to 97 baht from 68 baht, based on a 2027 P/E of 45 times, compared with the closing price of 76.25 baht on 30 September 2026, implying 27% upside from the new target. Krungsri has raised its earnings forecasts for KCE, expecting profit to rise 5% in 2026 and 28% in 2027, on the view that KCE is entering a sustained product price-increase cycle and is expected to raise PCB prices again in October 2026 after copper prices continued to climb, with signals from DELTA that PCB suppliers are seeking another round of price increases in the same month. For KCE, a major maker of automotive printed circuit boards, or PCBs, the research team says the company is entering an upcycle, with management guiding that fourth-quarter 2026 orders will be at a good level and steady versus the third quarter of 2026 despite the low season, while the company plans to raise PCB prices by 9-10% in line with higher raw material costs. Under the revised forecasts, Krungsri expects core profit of 1.404 billion baht in 2026, up 77.3%, and 2.562 billion baht in 2027, up 82.4%, with these forecasts not yet including revenue from Tesla. On revenue, Krungsri expects KCE to post 14.811 billion baht in 2026, up 13.3%, and 18.514 billion baht in 2027, up 25.0%, while EBITDA is forecast at 2.676 billion baht in 2026 and 3.995 billion baht in 2027. The gross margin is expected to rise from 22.5% in 2026 to 26.5% in 2027. Krungsri notes that KCE has its own laminate production facilities, which allows it to control raw material prices well and leaves it less affected by higher raw material costs than its competitors. KCE trades at a P/E of about 35 times on 2027 forecasts, while EPS is expected to grow 82%. Krungsri says the catalyst driving the stock toward the new target price is strong earnings momentum, which is expected to become visible from the third quarter of 2026 onward.