Celestica Guides 2027 Revenue to $21.0B (+90%) and EPS to $11.55 at Investor Day
CLS sits 18% above its 52-week low of $244.51 on elevated volume (2.5× avg).
Summary
At its Investor Day, Celestica guided 2027 revenue to $21.0B (+90%) and adjusted EPS to $11.55 (+86%), citing demand visibility into 2028 and new AI networking and compute program wins.
Key Events · Earnings and Guidance · CLS
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2027 Outlook Set Well Above 2026
Management guided 2027 revenue to $21.0B (+90%) and non-GAAP adjusted EPS to $11.55 (+86%), with non-GAAP operating margin of about 9.0% (+150bps).
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2028 Demand Seen Above 2027 Plan
Celestica said 2028 customer demand is meaningfully higher than its 2027 revenue outlook, with anchor customers aligned on multi-year capacity plans and volume forecasts.
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Capex Steps Up to Fund Growth
2027 capex is guided to $1.5B-$2.0B (+75%), and management expects 2027 free cash flow to be a net use of funds; total liquidity is $5.7B, including $4.0B of cash and cash equivalents.
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New Hyperscaler CPO Switch Award
A JDM award with a hyperscaler for a 1.6T Ethernet co-packaged-optics switch, with production expected to begin late 2027.
Analysis · CLS · Manufacturing
Celestica used its Investor and Analyst Day to lay out a 2027 outlook far above what the stock was discounting: revenue of $21.0B, up 90%, non-GAAP adjusted EPS of $11.55, up 86%, and operating margin of about 9.0%, up 150bps. Management also said 2028 customer demand is meaningfully higher than the 2027 plan, backed by anchor-customer multi-year capacity commitments. The company is funding that growth with capex of $1.5B-$2.0B in 2027, up 75%, against $5.7B of total liquidity including $4.0B of cash. Two new program wins underpin the numbers: a hyperscaler JDM award for a 1.6T Ethernet co-packaged-optics switch with production expected to begin late 2027, and a rack-scale program for OpenAI's Jalapeño accelerator with a production ramp planned in 2027. The risk is execution: capex and working capital are stepping up sharply, and management expects 2027 free cash flow to be a net use of funds.
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At the time of this filing, CLS was trading at $288.00 on NYSE in the Manufacturing sector, with a market capitalization of approximately $31.1B. The 52-week trading range was $244.51 to $474.03. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.