Celestica Targets $40B 2027 Revenue, Shares Jump 10% After October Slump
CLS is trading near its 52-week low of $244.51 (12% above the low) on elevated volume (1.9× avg).
Summary
Celestica laid out 2027 revenue of $40.0 billion, up 90%, with adjusted EPS of $21.50 and a record 9% adjusted operating margin, and raised 2026 guidance to $21 billion in revenue and $11.55 in adjusted EPS. The targets came at Investor Day, a day after Q3 revenue of $5.83 billion (+83% YoY) and EPS of $3.26 beat guidance. The stock was up 10.63% at $272.87 Tuesday, recovering part of a 31.8% October slide that had left it near its 52-week low of $244.51. CEO Rob Mionis said customer demand forecasts are meaningfully higher for 2028, so the $40 billion number rests on hyperscaler and frontier AI lab spending holding up. Execution risk rises with a business that nearly doubles in one year, and the same cloud capex budgets that rattled AI hardware in mid-October are the load-bearing assumption.
At the time of this announcement, CLS was trading at $274.30 on NYSE in the Technology sector, with a market capitalization of approximately $34.6B. 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 8 out of 10. Source: Benzinga.