Celestica demolishes Q2 estimates, lifts 2026 revenue target to $20.5B, and signals faster growth in 2027
CLS has more than doubled off its 52-week low of $164.52 on elevated volume (2.0× avg).
Summary
Celestica posted Q2 revenue of $4.70B (+62% YoY) and adjusted EPS of $2.54, both above guidance. The company raised its 2026 outlook to $20.5B revenue and $11.30 adjusted EPS, and guided for accelerating growth in 2027.
Updates
· SEC 10-Q — 10-Q confirms Q2 revenue of $4.70B, net earnings of $368.8M, and diluted EPS of $3.17; cash and equivalents were $535.7M at June 30.
Key Events · Earnings and Guidance · CLS
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Q2 Revenue and EPS Beat
Revenue of $4.70B (+62% YoY) exceeded the high end of guidance ($4.15B-$4.45B). Adjusted EPS of $2.54 beat the high end of guidance ($2.14-$2.34).
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Raised 2026 Annual Outlook
Revenue outlook raised to $20.5B (from $19.0B), adjusted EPS to $11.30 (from $10.15), adjusted operating margin to 8.4% (from 8.1%), and free cash flow to $600M (from $500M).
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Accelerating 2027 Growth Expected
Management expects 2027 revenue growth to accelerate beyond the 65% rate anticipated for 2026, with adjusted EPS growing faster than revenue due to higher margins.
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Q3 Guidance Above Consensus
Q3 revenue guidance of $5.25B-$5.55B and adjusted EPS of $2.88-$3.08, with adjusted operating margin of 8.4% at the midpoint.
Analysis · CLS · Manufacturing
A sweeping beat across revenue, adjusted EPS, and margins drove a substantial full-year guidance raise. The 2026 revenue forecast now stands at $20.5 billion, up from $19.0 billion, while Q3 revenue guidance landed well above consensus. More importantly, management indicated that 2027 growth will accelerate beyond the 65% pace expected this year, with margins expanding further. This demand-driven upgrade from a hyperscaler and AI infrastructure supplier reinforces the secular tailwind, and the stock is likely to re-rate on these numbers.
How filings like this one have moved
In the 30 days to Oct 4, 2026, 36.7% of the 1015 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.63%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, CLS was trading at $340.00 on NYSE in the Manufacturing sector, with a market capitalization of approximately $36.6B. The 52-week trading range was $164.52 to $474.03. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.