Celestica Q3 revenue jumps 83% to US$5.83B, lifts outlook

Celestica Inc. (TSX:CLS) reported third-quarter revenue of US$5.83 billion on Monday, up 83 per cent from a year earlier and above the top of its own guidance range, and raised its 2026 outlook while setting a 2027 revenue target of US$40 billion.

The Toronto-based electronics manufacturer, which also trades on the New York Stock Exchange, reported adjusted earnings of US$3.30 per share, compared with US$1.58 a year earlier. On a GAAP basis, earnings were US$3.26 per share, compared with US$2.31 in the third quarter of 2025. Its guidance had called for revenue of US$5.25 billion to US$5.55 billion and adjusted earnings of US$2.88 to US$3.08 per share. The company released the results after the market close.

“Celestica’s strong momentum continued in the third quarter,” chair and chief executive Rob Mionis said in the release, adding that the demand environment “continues to be very robust.” The company said the adjusted operating margin of 8.5 per cent, a non-GAAP measure, was a new high.

Revenue in the connectivity and cloud solutions segment rose 102 per cent to US$4.87 billion, while the advanced technology solutions segment, which includes aerospace and defence, industrial and health technology businesses, reported US$0.96 billion, up 23 per cent. Celestica said it completed a public offering of 11.1 million common shares on Aug. 7 for gross proceeds of US$3.45 billion.

For the full year, Celestica now expects revenue of US$21.0 billion, up from its previous outlook of US$20.5 billion, and adjusted earnings of US$11.55 per share, up from US$11.30. It cut its free cash flow outlook to US$460 million from US$600 million, which it attributed to working capital investments to support growth in 2027. The adjusted operating margin outlook of 8.4 per cent is unchanged.

For 2027, Celestica set an initial outlook of US$40.0 billion in revenue, up 90 per cent, with adjusted earnings of US$21.50 per share and an adjusted operating margin of 9.0 per cent. For the fourth quarter, it guided to revenue of US$6.275 billion to US$6.575 billion and adjusted earnings of US$3.37 to US$3.57 per share. The company also said it intends to file for a new normal course issuer bid after the current one expires on Nov. 2.

Celestica will hold its third-quarter conference call and investor and analyst day on Tuesday at 8 a.m. ET. Its shares fell 12 per cent on Oct. 22, as we reported. For the day’s market moves, see our TSX close story and our Monday preview.

Source: Celestica news release, Oct. 26, 2026. Adjusted figures are non-GAAP measures as defined by the company. The photo shows the Toronto Stock Exchange building and is a file photo, not an image of Celestica.

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