Celestica Inc. (CLS) and Corning Incorporated (GLW) are positioned to benefit from the growing artificial intelligence (AI) infrastructure market, valued at $35.42 billion in 2023 and projected to reach $223.45 billion by 2030, growing at a compound annual growth rate of 30.4%, according to a report from Grand View Research. Celestica’s growth is driven by demand for networking and AI compute solutions, with expected revenue increases supported by a ramp in 1.6T switch programs and partnerships with companies like OpenAI and AMD. In Q2 2026, Celestica generated $410.9 million in cash from operations, a significant increase from $152.4 million a year earlier.
Corning, meanwhile, is seeing robust demand for optical connectivity products as companies expand their AI infrastructure. With multiyear agreements with tech giants like Meta and NVIDIA, Corning’s sales are anticipated to grow by 15.78% in 2026. However, the company faces competition in optical connectivity and challenges in its solar business, which reported a net loss of $7 million in Q2 2026.
For 2026, the Zacks Consensus Estimate projects a sales growth of 64.27% and an EPS growth of 87.11% for Celestica, compared to a sales increase of 15.78% and an EPS growth of 29.76% for Corning. Currently, Celestica holds a Zacks Rank #1 (Strong Buy), while Corning has a Zacks Rank #3 (Hold), indicating a stronger investment outlook for Celestica.
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