Celestica (NYSE:CLS) Announces Quarterly Earnings Results, Beats Estimates By $0.25 EPS

Posted by Geri Gentry on Jul 29th, 2026

Celestica (NYSE:CLS – Get Free Report) (TSE:CLS) issued its quarterly earnings results on Monday. The technology company reported $2.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $0.25, Briefing.com reports. Celestica had a return on equity of 41.69% and a net margin of 7.16%.The business had revenue of $4.68 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the prior year, the business posted $1.39 EPS. Celestica’s revenue for the quarter was up 62.4% compared to the same quarter last year. Celestica updated its FY 2026 guidance to 11.300-11.300 EPS and its Q3 2026 guidance to 2.880-3.080 EPS.

Celestica Trading Up 9.6%

CLS stock opened at $348.66 on Wednesday. The firm has a fifty day moving average price of $361.83 and a 200 day moving average price of $332.91. Celestica has a fifty-two week low of $173.23 and a fifty-two week high of $474.02. The firm has a market cap of $40.09 billion, a PE ratio of 36.24, a price-to-earnings-growth ratio of 0.74 and a beta of 2.05. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.73 and a current ratio of 1.26.

Insider Activity at Celestica

In other news, CFO Mandeep Chawla sold 17,000 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer directly owned 82,444 shares in the company, valued at $32,948,744.60. The trade was a 17.10% decrease in their position. The transaction was disclosed in a 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 stock was sold at an average price of $333.31, for a total transaction of $1,389,236.08. Following the completion of the sale, the director owned 24,718 shares in the company, valued at approximately $8,238,756.58. This trade represents 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. Insiders have sold a total of 161,168 shares of company stock valued at $63,190,485 over the last 90 days. 1.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Celestica during the fourth quarter valued at approximately $28,000. Swiss RE Ltd. purchased a new stake in Celestica during the 4th quarter valued at $29,000. Northwestern Mutual Wealth Management Co. boosted its stake in Celestica by 117.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 137 shares of the technology company’s stock worth $40,000 after buying an additional 74 shares during the period. Wilmington Savings Fund Society FSB lifted its holdings in shares of Celestica by 1,015.4% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 145 shares of the technology company’s stock worth $43,000 after acquiring an additional 132 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its stake in shares of Celestica by 1,015.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 145 shares of the technology company’s stock worth $43,000 after purchasing an additional 132 shares during the period. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Analysts Set New Price Targets

CLS has been the topic of a number of research analyst reports. Royal Bank Of Canada boosted their price target on Celestica from $400.00 to $440.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. TD Cowen raised shares of Celestica from a “hold” rating to a “buy” rating and raised their target price for the company from $350.00 to $430.00 in a research note on Wednesday, April 29th. Stifel Nicolaus set a $500.00 price target on shares of Celestica in a report on Tuesday. Weiss Ratings cut shares of Celestica from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 16th. Finally, UBS Group increased their price objective on shares of Celestica from $355.00 to $400.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Celestica has an average rating of “Moderate Buy” and a consensus price target of $430.32.

Get Our Latest Research Report on CLS

Key Celestica News

Here are the key news stories impacting Celestica this week:

Positive Sentiment: Q2 results exceeded expectations. Celestica reported adjusted EPS of $2.54, compared with the $2.29 analyst consensus, while revenue reached approximately $4.70 billion versus estimates near $4.30 billion. Revenue increased about 62% year over year, and EPS rose sharply from $1.39 in the prior-year quarter. Celestica Announces Second Quarter 2026 Financial Results
Positive Sentiment: Management raised its 2026 forecast. Full-year revenue guidance was increased to approximately $20.5 billion, above the roughly $19.2 billion consensus, while adjusted EPS guidance of $11.30 also exceeds expectations. Third-quarter guidance calls for revenue of $5.3 billion to $5.6 billion and EPS of $2.88 to $3.08, both above analyst estimates. Celestica Announces Second Quarter 2026 Financial Results
Positive Sentiment: AI and hyperscaler demand remain major growth drivers. The Connectivity and Cloud Solutions business reportedly grew 84% year over year, helped by cloud connectivity demand and data-center infrastructure investment. Celestica expects mass production for hyperscaler customers and faster overall growth in 2027, improving forward revenue visibility. Celestica Q2 2026 Earnings Call Highlights
Neutral Sentiment: Analyst views are favorable but valuation remains a consideration. Some commentary describes CLS as undervalued and maintains a Strong Buy rating, while other analysis recommends watching rather than buying immediately after the rally. The stock’s elevated valuation and high beta could increase volatility if AI-related spending slows or expectations are not met. Celestica Q2 Analysis

About Celestica

(Get Free Report)

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.