CLS
Celestica just flexed the kind of numbers Wall Street loves
If you’ve been waiting for a “maybe this is not the same company anymore” moment, this is one of those. Celestica said FY2025 revenue hit $12.39 billion, up 28% from a year ago, while GAAP EPS climbed to $7.16 from $3.61 in 2024. That’s not a gentle improvement. That’s a full-on glow-up.
The AI infrastructure machine is doing the heavy lifting
The market has been slowly re-pricing companies tied to AI infrastructure, and Celestica looks like it’s riding that wave instead of getting dunked by it. When a company can stack that kind of revenue growth on top of a sharp earnings jump, investors start asking the fun question: is this a hardware supplier, or a disguised AI beneficiary wearing a normal-name tag?
The forward guide is doing a lot of the convincing
Management also guided Q1 2026 revenue to $3.85 billion to $4.15 billion, which lands at a midpoint about 51% above last year. That matters because stocks don’t just trade on what happened; they trade on whether the next few quarters still look like the sequel can beat the original.
What investors will be watching next:
- whether that AI infrastructure demand stays hot
- whether margins keep holding up as revenue scales
- whether the re-rating turns into a longer-lasting reset, not just a one-quarter sugar high
Big picture
Celestica is starting to look less like a sleepy manufacturing name and more like one of those companies the market discovers late and then suddenly can’t stop talking about. If the guide holds, this re-rating has more room to run than the average “beat and raise” victory lap.