Jabil Inc. reported fiscal third-quarter revenue of about $7.8 billion, up 16 percent from a year earlier and ahead of the roughly $7.0 billion analysts expected. Adjusted earnings rose to $2.55 a share, topping the $2.29 consensus, while GAAP earnings came in at $2.03. The quarter ended a seven-period stretch of declining sales as demand for cloud, data-center and artificial-intelligence hardware drove a rebound in the company’s Intelligent Infrastructure segment. Management forecast fourth-quarter revenue of $7.1 billion to $7.8 billion and earnings of $2.64 to $3.04 a share, signalling continued momentum. The company also generated $813 million in adjusted free cash flow year-to-date and reported core operating income of $420 million. Executives said strength in cloud and AI markets is accelerating, offsetting softness in electric vehicles, renewables and 5G. To capitalise on the growth trend, Jabil announced a $500 million investment to expand U.S. manufacturing capacity for cloud and AI infrastructure. The stronger results and expansion plan prompted at least one brokerage response: UBS raised its price target to $208 from $157, citing AI-driven revenue gains even as it maintained a Neutral rating.