Celestica revenue jumps 83% to $5.83B; first 2027 outlook calls for $40B of revenue
The electronics manufacturer raised its 2026 forecast and guided 2027 revenue up about 90%, driven by AI data-center hardware, ahead of Tuesday's investor day.
Celestica (CLS), which builds servers and networking gear for large cloud and AI customers, reported third-quarter results after Monday’s close.
| Item | Figure |
|---|---|
| Q3 revenue | $5.83B (+83% from $3.19B) |
| Q3 adjusted EPS | $3.30 (vs $1.58) |
| Q3 GAAP EPS | $3.26 (vs $2.31) |
| Q4 guidance | Revenue $6.275-6.575B; adjusted EPS $3.37-3.57 |
| 2026 outlook | Revenue $21.0B (from $20.5B); adjusted EPS $11.55 (from $11.30) |
| 2027 outlook (first) | Revenue $40.0B; adjusted EPS $21.50; capex $1.5-2.0B |
How to read it: the 2027 figure implies revenue nearly doubling again, a direct read on how much AI hardware large customers plan to buy next year.
Why it matters: contract manufacturers sit downstream of the AI capex plans now being funded by stock sales (Meta) and debt (SpaceX). Celestica’s outlook suggests those plans are turning into firm orders. One weak spot: it cut its 2026 free-cash-flow forecast to $460 million from $600 million, reflecting heavier investment.
Market reaction: an after-hours move was not confirmed at writing.
WMR data: see the AI-chip backdrop on /en/markets/semis/.
What to watch next: the call and investor day on Tuesday at 8:00 AM ET, and whether the 2027 target is backed by named customer commitments.
Sources
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