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Celestica Stock Jumps 12% After Earnings Beat
Why is Celestica stock up today?
Celestica (CLS) stock rose about 12% to around $276 on Tuesday after reporting an 83% jump in third-quarter revenue to $5.83B and a first $40B revenue outlook for 2027.
Key numbers
| Q3 revenue | $5.83B+83% YoY |
|---|---|
| Q3 adjusted EPS | $3.30+109% YoY |
| 2027 revenue outlook | $40.0B+90% vs 2026 outlook |
| 2026 revenue outlook | $21.0Bfrom $20.5B |
| 2026 free cash flow outlook | $460Mfrom $600M |
| Adjusted operating margin | 8.5%record; 7.6% a year ago |
What happened
Celestica (CLS) stock rose about 12% to around $276 on Tuesday after reporting an 83% jump in third-quarter revenue to $5.83B and a first $40B revenue outlook for 2027. Celestica builds computing and networking hardware for big cloud companies, and it released the results Monday after markets closed. Adjusted profit per share more than doubled to $3.30. It now expects $21B in sales for 2026, and its 2027 target beats the $35.7B analysts expected. It also cut its 2026 cash-flow forecast to $460M from $600M.
Why it matters
Celestica's forecast shows how much money big tech is pouring into AI data centers, with sales expected to nearly double in 2027. Analysts had expected less, so the number changed how investors judge the company's growth. The shares are still down about 6% for 2026 even after the jump. The lower cash-flow forecast shows that growing this fast costs money.
Who this affects
- MarketbullishMedium impact
- AI hardware investors cheer; other makers of AI gear also rose.
- CompanybullishHigh impact
- Shareholders gain; sales outlook nearly doubles, but cash flow weaker.
- CompetitorsbullishMedium impact
- Flex up 8%, Sanmina up 5%, Jabil up 3% in sympathy.
- IndustrybullishMedium impact
- AI data center spending looks set to keep growing.
Celestica vs Jabil, Flex, Sanmina
How we got here
Celestica reports Q3 results after the close, with a first $40B 2027 revenue outlook.
Shares jump about 12% in Tuesday trading; investor and analyst day held at 8:00 a.m. ET.
CEO Rob Mionis says customer demand forecasts for 2028 have also increased.
What to watch
- Q4 revenue guidance of $6.275B–$6.575B; fourth-quarter results will show if growth holds.Q1 2027
- Free cash flow against the $460M 2026 outlook, with 2027 capital spending planned at $1.5B–$2.0B.Q4 2026
- Faster 1.6T networking sales, expected to pass 800G revenue in 2027.2027
Educational content only. Not investment advice.
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