Celestica (NYSE:CLS) Updates FY 2026 Earnings Guidance

Celestica (NYSE:CLS) (TSE:CLS) issued an update on its FY 2026 earnings guidance on Monday morning. The company provided EPS guidance of 11.300-11.300 for the period, compared to the consensus earnings per share estimate of 10.130. The company issued revenue guidance of $20.5 billion-$20.5 billion, compared to the consensus revenue estimate of $19.2 billion. Celestica also updated its Q3 2026 guidance to 2.880-3.080 EPS.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Citigroup lifted their price objective on shares of Celestica from $338.00 to $415.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Wolfe Research raised their target price on Celestica from $425.00 to $475.00 and gave the stock an “outperform” rating in a research report on Wednesday. Barclays dropped their target price on shares of Celestica from $441.00 to $430.00 and set an “overweight” rating on the stock in a research report on Wednesday. TD Cowen raised shares of Celestica from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $350.00 to $430.00 in a report on Wednesday, April 29th. Finally, BWS Financial reiterated a “buy” rating on shares of Celestica in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $432.00.

Celestica Price Performance

NYSE:CLS opened at $337.46 on Wednesday. The business’s 50-day simple moving average is $361.83 and its two-hundred day simple moving average is $332.91. Celestica has a 52 week low of $173.23 and a 52 week high of $474.02. The stock has a market cap of $38.80 billion, a PE ratio of 35.72, a P/E/G ratio of 0.74 and a beta of 2.05. The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 0.36.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings data on Monday, July 27th. The technology company reported $2.54 EPS for the quarter, beating the consensus estimate of $2.29 by $0.25. The company had revenue of $4.68 billion for the quarter, compared to the consensus estimate of $4.30 billion. Celestica had a return on equity of 41.69% and a net margin of 7.16%.Celestica’s quarterly revenue was up 62.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.39 EPS. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. As a group, analysts forecast that Celestica will post 9.57 EPS for the current fiscal year.

Insider Buying and Selling

In other Celestica news, CFO Mandeep Chawla sold 17,000 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $399.65, for a total value of $6,794,050.00. Following the completion of the transaction, the chief financial officer owned 82,444 shares in the company, valued at $32,948,744.60. The trade was a 17.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Michael Max Wilson sold 4,168 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $333.31, for a total value of $1,389,236.08. Following the completion of the sale, the director directly owned 24,718 shares of the company’s stock, valued at $8,238,756.58. The trade was a 14.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 161,168 shares of company stock valued at $63,190,485. Company insiders own 1.10% of the company’s stock.

Key Stories Impacting Celestica

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Q2 results significantly exceeded expectations. Revenue rose 62.4% year over year to approximately $4.7 billion, above the roughly $4.3 billion consensus, while adjusted EPS of $2.54 surpassed estimates of $2.29 and increased from $1.39 a year earlier. Results were also above the high end of management’s prior guidance. Celestica Announces Second Quarter 2026 Financial Results
• Positive Sentiment: Management raised its 2026 forecast. Celestica now expects approximately $20.5 billion in revenue and $11.30 in adjusted EPS, compared with consensus estimates of about $19.2 billion and $10.13, respectively. Third-quarter guidance of $5.3-$5.6 billion in revenue and $2.88-$3.08 in EPS also exceeds analyst expectations. Celestica Q2 Earnings and Revenue Beat Estimates; Raises 2026 Outlook
• Positive Sentiment: AI-related demand remains the primary growth driver. The Connectivity & Cloud Solutions segment reportedly grew 84% year over year, supported by cloud connectivity, data-center hardware and hyperscaler customers. Management indicated growth could accelerate further in 2027, with mass production programs expected to contribute. Celestica Q2 2026 Earnings Call Highlights
• Neutral Sentiment: Analyst commentary is broadly bullish, with some describing Celestica as undervalued and reaffirming a “Strong Buy” view. However, another analysis recommended watching rather than buying immediately, suggesting investors remain attentive to valuation and execution risks. Celestica Q2: 2 Reasons It’s Worth Watching, But Not Buying Yet
• Negative Sentiment: At roughly 36 times earnings, CLS is priced for substantial continued growth, and its beta above 2 indicates elevated volatility. Any slowdown in hyperscaler capital spending or difficulty converting AI demand into sustained margins could pressure the shares.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. NewGen Equity Long Short Fund acquired a new stake in Celestica during the 2nd quarter worth about $14,050,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Celestica by 7,646.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,007 shares of the technology company’s stock worth $157,000 after acquiring an additional 994 shares in the last quarter. First Trust Advisors LP increased its position in Celestica by 30.0% in the second quarter. First Trust Advisors LP now owns 78,061 shares of the technology company’s stock worth $12,197,000 after purchasing an additional 18,025 shares during the period. NewEdge Advisors LLC grew its holdings in shares of Celestica by 385.8% in the 2nd quarter. NewEdge Advisors LLC now owns 2,803 shares of the technology company’s stock valued at $438,000 after buying an additional 2,226 shares during the period. Finally, HUB Investment Partners LLC boosted its position in Celestica by 11.0% during the 2nd quarter. HUB Investment Partners LLC now owns 3,181 shares of the technology company’s stock worth $497,000 after acquiring an additional 315 shares during the last quarter. 67.38% of the stock is owned by institutional investors and hedge funds.

About Celestica

Celestica Inc is a multinational electronics manufacturing services (EMS) company that provides design, engineering, manufacturing and supply chain solutions to original equipment manufacturers across a range of industries. Headquartered in Toronto, Ontario, Canada, Celestica works with customers to develop and produce complex electronic and electro-mechanical products, integrating activities from product design and prototyping through high-volume assembly, testing and final system integration.

The company’s service offering typically includes product engineering and design support, printed circuit board assembly, box-build and systems assembly, automated test and inspection, aftermarket repair and refurbishment, and end-to-end supply chain and logistics management.