Electronics manufacturing services (EMS) providers are experiencing a surge in demand driven by significant investments in artificial intelligence (AI) infrastructure, alongside rising product complexity and increased outsourcing by original equipment manufacturers (OEMs). A notable spike in EMS stocks occurred recently, attributed to the rapid buildout of sophisticated data centers as hyperscalers and enterprises improve their compute, storage, and networking capabilities.
Among the leading companies in this sector, Celestica reported a strong performance with a stock price of $339 and a year-to-date gain of 14%. The company raised its full-year revenue forecast to $20.5 billion for 2026, reflecting 65% growth. Similarly, Plexus, with a stock price of $271 and YTD performance of +85%, is diversifying its market presence outside hyperscale AI, targeting healthcare and aerospace sectors. Notably, Sanmina’s stock price stands at $208, with a 39% YTD increase, and it expects fiscal revenue to reach $16.4 billion by the next year. Jabil, priced at $366 with a 60% YTD rise, anticipates significant growth in its AI-related revenue to about $13.6 billion.
Collectively, the EMS sector ranks in the top 3% among over 240 industries, emphasizing its robust growth potential as it pivots toward higher-value, integrated technology solutions. These companies are well-positioned to capitalize on the expanding opportunities created by AI investments and other advanced technological applications.
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