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    Jesse Pytlak • Cormark Securities

    Jesse Pytlak's questions to Celestica Inc (CLS) leadership

    Jesse Pytlak's questions to Celestica Inc (CLS) leadership • Q1 2025

    Question

    Jesse Pytlak requested the mix of 400G versus 800G switches in the quarter and pricing trends for 400G. He also asked if the dynamic macro environment was changing the company's approach to M&A.

    Answer

    President and CEO Rob Mionis and CFO Mandeep Chawla explained that for the full year, 800G switches will likely comprise over 50% of the networking business, with 400G having a long tail. On M&A, Mandeep Chawla stated that while the company has a healthy balance sheet and is looking at targets, the current environment is challenging for deal-making, but they remain open to the right strategic deal.

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    Jesse Pytlak's questions to Celestica Inc (CLS) leadership • Q3 2024

    Question

    Jesse Pytlak from Cormark Securities inquired about the nature of engagements with emerging "digital native" customers, asking if they typically start with manufacturing before moving to design, similar to the Grok win. He also asked to characterize the spending aggressiveness of this customer group.

    Answer

    Stephen Dorwart, SVP, explained that engagements with digital natives can be both, with some starting with manufacturing on a current product before adding design involvement, while others leverage Celestica's HPS platform solutions from the outset. He noted that a key criterion for partnership is the opportunity for broader design involvement. Regarding spending, Dorwart stated it varies depending on the company's development stage and market traction. An executive added that this customer class shows a greater willingness to leverage Celestica's full value proposition from the start to scale quickly.

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