Celestica Inc.

Celestica Inc. Earnings Recaps

CLS Information Technology 3 recaps
Q1 2026 Apr 29, 2026

Celestica shares fell 10.8% post-earnings as investors reacted to a cautious tone on near-term growth, with the key disappointment centered on slower-than-anticipated ramp in the enterprise end market and signals of component constraints impacting outlook despite headline beats for Q1.

Key takeaways
  • Q1 revenue reached $4.05 billion, up 53% year-over-year, with adjusted EPS of $2.16—both above guidance ranges.
  • The enterprise end market, while growing 101%, came in below management’s “high-teens” percentage growth outlook due to “select component constraints” delaying program ramps.
  • ATS segment revenue was flat year-over-year at $806 million, outperforming guidance but impacted by softness in capital equipment and ongoing portfolio reshaping in A&D.
  • Inventory climbed to $2.67 billion (up $885 million from prior year) to support CCS segment growth, raising questions about working capital efficiency.
  • Second quarter revenue guidance ($4.15B–$4.45B) suggests continued but moderated growth, with management emphasizing investment and capacity expansion but not revising full-year capex targets.
Full recap
Q3 2025 Oct 29, 2025

Celestica reported a robust Q3 2025, showcasing a 28% revenue increase to $3.19 billion, driven by exceptional demand in its Connectivity and Cloud Solutions segment, and achieving the highest-ever quarterly non-GAAP operating margin of 7.6%.

Key takeaways
  • Adjusted earnings per share surged 52% to $1.58, exceeding guidance and reflecting strong profitability.
  • The Connectivity and Cloud Solutions segment revenues soared 43%, making up 76% of total revenue, fueled by an 82% growth in the communications end market.
  • Adjusted return on invested capital (ROIC) reached a remarkable 37.5%, up 850 basis points year-over-year, demonstrating efficient capital management.
Full recap
Q2 2025 Aug 2, 2025

Celestica delivered exceptional Q2 2025 results, with revenues of $2.89 billion and adjusted EPS of $1.39, significantly surpassing expectations amid robust demand in its communications and capital equipment segments.

Key takeaways
  • Revenues rose 21% year-over-year, driven by a remarkable 75% increase in the communications end market.
  • Adjusted operating margin reached a record 7.4%, bolstered by improved profitability across both CCS and ATS segments.
  • Adjusted ROIC improved to 35.5%, reflecting strong operating profit and effective working capital management.
Full recap