Celestica Inc. (CLS) reported impressive second-quarter results on July 28, 2026, with adjusted earnings of $2.54 per share, exceeding consensus estimates by 10.9%. Revenues soared 62.4% year over year to $4.70 billion, surpassing forecasts by 8.1%. The company also announced elevated full-year guidance, with expected revenues of $20.5 billion and adjusted earnings of $11.30 per share.
This strong performance has driven a notable increase in stock valuation, leading to a market premium on its AI-focused growth. However, the company faces competitive pressures in the electronics manufacturing services sector and must navigate risks such as foreign exchange fluctuations and supply chain disruptions. Celestica currently maintains a Zacks Rank #1 (Strong Buy), indicating positive growth potential amidst these challenges.
Key financial highlights include a record adjusted operating margin of 8.2%, with free cash flow projected at $600 million for the year. The demand for AI infrastructure continues to underpin Celestica’s growth, particularly in enterprise networking and cloud solutions.
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