CELESTICA (CLS) Company Report

Celestica reported strong Q4 2025 results with revenue of $3.65 billion and adjusted EPS of $1.89, exceeding guidance, and achieved a record adjusted operating margin of 7.7%.
For the full year 2025, the company delivered revenue of $12.4 billion and adjusted EPS of $6.05, marking growth of 28% and 56% year-over-year, respectively, with an adjusted operating margin of 7.5%.
The company raised its 2026 annual financial outlook, now expecting revenue of $17 billion and adjusted EPS of $8.75, representing year-over-year growth of 37% and 45% respectively.
Celestica plans to significantly increase capital expenditures for 2026 to approximately $1 billion (6% of current annual revenue outlook) to expand capacity in response to record bookings and accelerating demand, particularly in its CCS segment driven by AI-related data center technologies and hyperscaler customers.

6 days ago

Transcript

Celestica Reports Strong Q4 2025 Results and Raises 2026 Outlook

CLS

Earnings

Guidance Update

New Projects/Investments

Celestica delivered strong Q4 2025 results, with revenue of $3.65 billion, up 44% year-over-year, and adjusted EPS of $1.89, up 70%, both exceeding guidance ranges. The adjusted operating margin was 7.7%, marking the strongest performance in company history.
For the full year 2025, the company achieved revenue of $12.4 billion and adjusted EPS of $6.05, representing growth of 28% and 56% year-over-year, respectively. The adjusted operating margin for the full year was 7.5%.
The company provided Q1 2026 guidance, projecting revenue between $3.85 billion and $4.15 billion and adjusted EPS between $1.95 and $2.15. This represents growth of 51% for revenue and 71% for adjusted EPS at the midpoint compared to the prior year.
Celestica raised its 2026 annual financial outlook, increasing revenue to $17 billion and adjusted EPS to $8.75, representing year-over-year growth of 37% and 45% respectively. The company also anticipates $1 billion in capital expenditures for 2026 and maintained its free cash flow outlook of $500 million.
Growth is primarily driven by the CCS segment, particularly strong demand in communications (800G networking switches) and enterprise (next-generation AI/ML compute programs) with hyperscaler customers. The increased CapEx is to support revenue-enabling capacity for strengthening demand in 2026 and 2027, based on booked business.

6 days ago

Transcript

Celestica Reports Strong Q4 and Full-Year 2025 Results, Raises 2026 Outlook, and Announces Significant Capital Investments

CLS

Earnings

Guidance Update

New Projects/Investments

Celestica reported strong Q4 2025 revenue of $3.65 billion, a 44% increase, and adjusted EPS of $1.89, a 70% increase, both exceeding guidance. For the full year 2025, revenue reached $12.4 billion and adjusted EPS was $6.05.
The company provided an optimistic outlook for Q1 2026, projecting revenue between $3.85 billion and $4.15 billion and adjusted EPS between $1.95 and $2.15.
Celestica raised its full-year 2026 financial outlook, expecting revenue of $17 billion and adjusted EPS of $8.75, representing 37% and 45% year-over-year growth, respectively.
To support anticipated growth, particularly in the CCS segment driven by AI-related demand, Celestica plans to significantly increase capital expenditures to approximately $1 billion in 2026, up from $201 million in 2025, for capacity expansion in locations like Texas and Thailand.
The company secured a design and manufacturing award for a 1.6T networking switch platform with a third hyperscaler customer, with production expected to ramp in 2027, and continues to progress with a digital native customer program expected to ramp in early 2027.

6 days ago

Transcript

Celestica Reports Strong Q4 and FY 2025 Results, Raises 2026 Outlook, and Plans Significant AI Infrastructure Investments

CLS

Earnings

Guidance Update

New Projects/Investments

Celestica Inc. reported strong Q4 2025 financial results, with revenue of $3.65 billion and adjusted EPS (non-GAAP)* of $1.89, both exceeding the high end of guidance ranges, contributing to full-year 2025 revenue of $12.39 billion and adjusted EPS (non-GAAP)* of $6.05.
The company raised its 2026 annual outlook, now expecting revenue of $17.0 billion and adjusted EPS (non-GAAP)* of $8.75, driven by strengthening demand for AI-related data center technologies.
Celestica plans to increase capital investments to approximately $1 billion in 2026 to expand manufacturing capacity, including support for Google Tensor Processing Unit (TPU) systems and a newly awarded 1.6T program with a third hyperscaler customer, with this expansion expected to be fully funded organically.

7 days ago

8-K

Celestica Announces Strong Q4 and FY 2025 Results, Raises 2026 Outlook

CLS

Earnings

Guidance Update

New Projects/Investments

Celestica reported Q4 2025 revenue of $3.65 billion and adjusted EPS of $1.89, both exceeding the high end of its guidance ranges.
For the full year 2025, the company achieved revenue of $12.39 billion, an increase of 28% compared to 2024, and adjusted EPS of $6.05, up 56% year-over-year.
Celestica raised its 2026 annual outlook, now expecting revenue of $17.0 billion (up from $16.0 billion) and adjusted EPS of $8.75 (up from $8.20), driven by strengthening demand for AI-related data center technologies.
The company is increasing its planned capital investments to $1 billion for 2026 to expand manufacturing capacity, particularly for its Connectivity & Cloud Solutions (CCS) segment, to support anticipated growth in demand for AI infrastructure.
Celestica also announced it was awarded a third 1.6T program with a hyperscaler customer, with production expected to ramp in 2027, and is expanding its manufacturing capacity in the United States to support Google's US production of TPU systems.

7 days ago

Press Release

Celestica Announces TSX Acceptance of Normal Course Issuer Bid

CLS

Share Buyback

Celestica Inc. announced that the Toronto Stock Exchange (TSX) has accepted its notice to launch a Normal Course Issuer Bid (NCIB).
Under the new bid, the company may repurchase up to 5,722,527 common shares, representing approximately 5.0% of the public float as of October 20, 2025.
The bid is scheduled to commence on November 3, 2025, and will end on the earlier of November 2, 2026, or the completion of purchases under the bid.
Under its prior bid, which expires on October 31, 2025, Celestica repurchased and cancelled 1,522,831 common shares at a weighted average price of US$92.26 per share through October 20, 2025.

Oct 30, 2025, 11:19 AM

8-K

Celestica Reports Strong Q3 2025 Results and Raises 2025/2026 Outlook

CLS

Earnings

Guidance Update

Revenue Acceleration/Inflection

Celestica reported Q3 2025 revenue of $3.19 billion, an increase of 28%, and adjusted earnings per share of $1.58, a 52% increase, both exceeding guidance. The non-GAAP operating margin reached 7.6%, an 80 basis point improvement and the highest quarterly margin in the company's history.
For Q4 2025, Celestica projects revenue between $3.325 billion and $3.575 billion and adjusted EPS between $1.65 and $1.81. The full-year 2025 outlook was raised, with revenue now projected at $12.2 billion (up from $11.55 billion) and adjusted EPS at $5.90 per share (up from $5.50).
The company provided a strong 2026 outlook, anticipating revenue of $16.0 billion, representing 31% growth over 2025, and adjusted EPS of $8.20, a 39% increase. Non-GAAP operating margin is expected to expand by 40 basis points to 7.8%.
This growth is primarily fueled by the Connectivity and Cloud Solutions (CCS) segment, driven by strong demand in communications (800G switch programs) and AI/ML compute, supported by significant R&D investments. Celestica holds a leading market share in high-bandwidth Ethernet switching and is expanding into custom ASIC platforms and rack-scale AI systems, with new programs ramping through 2027.

Oct 28, 2025, 12:00 PM

Transcript

Celestica Reports Strong Q3 2025 Results and Raises 2025/2026 Outlook

CLS

Earnings

Guidance Update

New Projects/Investments

Celestica (CLS) reported exceptionally strong Q3 2025 financial results, with revenue of $3.19 billion (up 28%) and adjusted earnings per share of $1.58 (up 52%), achieving its highest quarterly non-GAAP operating margin of 7.6%.
The Connectivity and Cloud Solutions (CCS) segment drove performance with 43% revenue growth to $2.41 billion, primarily due to strong demand in communications end markets and 800G switch programs for hyperscalers.
The company raised its 2025 financial outlook, now expecting revenue of $12.2 billion (up from $11.55 billion) and adjusted EPS of $5.90 per share (up from $5.50).
Celestica provided a robust 2026 outlook, projecting revenue of $16.0 billion (31% growth) and adjusted EPS of $8.20 (39% increase), driven by AI-related demand and new program ramps.
Strategic investments are focused on AI infrastructure and data center technologies, expanding capacity in Texas and Thailand to support high-complexity engagements and custom solutions for hyperscaler customers.

Oct 28, 2025, 12:00 PM

Transcript

Celestica Reports Strong Q3 2025 Results and Raises 2025/2026 Outlook

CLS

Earnings

Guidance Update

New Projects/Investments

Celestica reported Q3 2025 revenue of $3.19 billion, an increase of 28%, with adjusted earnings per share of $1.58, up 52%, and achieved its highest quarterly non-GAAP operating margin in company history at 7.6%.
The company raised its full-year 2025 revenue outlook to $12.2 billion (up from $11.55 billion) and adjusted EPS to $5.90 (up from $5.50), reflecting 26% and 52% year-over-year growth, respectively.
For 2026, Celestica anticipates revenue of $16.0 billion, representing 31% growth, with non-GAAP adjusted EPS projected at $8.20, a 39% increase year-over-year.
Growth is primarily driven by strong demand in the Communications (CCS) segment, particularly from 800G switch programs for hyperscalers and anticipated ramps of 1.6T programs in 2026 and a rack-scale custom AI system in 2027.
Celestica holds a 41% cumulative market share across 200G, 400G, and 800G Ethernet switching for data centers and is focused on the custom ASIC segment of the AI server market, which is forecasted to grow six-fold.

Oct 28, 2025, 12:00 PM

Transcript

Celestica Inc. Provides Strong Financial Outlook and Highlights AI-Driven Growth at Investor Day

CLS

Guidance Update

Revenue Acceleration/Inflection

New Projects/Investments

Celestica Inc. provided a strong financial outlook, projecting $12.2 billion in revenue and $5.90 in Non-GAAP Adjusted EPS for 2025E, and $16.0 billion in revenue and $8.20 in Non-GAAP Adjusted EPS for 2026E.
The company anticipates continued growth driven by AI and Cloud demand in data center infrastructure, with the Connectivity & Cloud Solutions (CCS) segment expected to reach $9.0 billion in revenue in 2025E.
Celestica is making key investments in North America and Asia to support AI customers, including a manufacturing center of excellence for AI racks and a new design hub in Austin by 2026.
The company is accelerating investments in technologies and capabilities critical for AI infrastructure, such as 3.2T networking roadmaps, and holds a leading share in high bandwidth Ethernet networking switches.

Oct 28, 2025, 11:02 AM

8-K

Earnings Transcripts

Quarterly earnings call transcripts for CELESTICA.

Q4 2025

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Q2 2025

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