Celestica Beats Q3 Estimates, Lifts 2026 Revenue Outlook to $21B; Shares Jump 11%
CLS sits 17% above its 52-week low of $244.51 on elevated volume (2.4× avg).
Summary
Celestica beat on both lines and raised its full-year outlook. Adjusted EPS came in at $3.30 versus the $2.99 consensus, and revenue hit $5.83 billion against a $5.48 billion estimate — up 82.53% from $3.19 billion a year ago. Management now expects 2026 revenue of $21 billion and adjusted EPS of $11.55, up from prior guidance of $20.5 billion and $11.30, both above analyst estimates of $20.62 billion and $11.22. The stock was up 11.01% to $246.65 in Monday's extended session. This follows the 10-Q filed after the close and comes roughly two months after the company raised $3.39 billion in a follow-on offering at $310 per share to fund AI infrastructure buildout — the AI compute and networking demand driving these results is the same thesis behind that raise.
At the time of this announcement, CLS was trading at $285.68 on NYSE in the Technology sector, with a market capitalization of approximately $31.1B. The 52-week trading range was $244.51 to $474.03. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Benzinga.