Celestica (NYSE:CLS) Trading Down 6.2% – What’s Next?

Posted by Francis Steltz on Jul 31st, 2026

Shares of Celestica, Inc. (NYSE:CLS – Get Free Report) (TSE:CLS) were down 6.2% on Friday . The stock traded as low as $330.13 and last traded at $330.8270. Approximately 3,282,005 shares traded hands during mid-day trading, an increase of 36% from the average daily volume of 2,409,456 shares. The stock had previously closed at $352.59.

Key Stories Impacting Celestica

Here are the key news stories impacting Celestica this week:

Positive Sentiment: Strong Q2 results and higher guidance: Celestica reportedly exceeded revenue and adjusted EPS expectations again, while raising its full-year outlook for the third time in six months. Revenue increased sharply year over year, reinforcing confidence in execution and AI infrastructure demand. Celestica Q2 2026: Beat, Raise, Accelerate, And Still 31% Off The High
Positive Sentiment: AI-driven growth pipeline: Enterprise revenue growth was especially strong, and management expects further acceleration in 2027. New multibillion-dollar programs tied to OpenAI’s custom accelerator and AMD’s Helios switch could support longer-term revenue and earnings growth. CLS Shows How AI Networking is Reshaping Electronics Manufacturing
Positive Sentiment: Analyst support remains favorable: The average analyst price target implies approximately 31% upside. More importantly, the article notes broad upward earnings-estimate revisions, which are generally a stronger signal than price-target averages alone. Wall Street Analysts See a 30.96% Upside in Celestica
Neutral Sentiment: Investor attention is elevated: CLS is attracting substantial retail and market interest following its earnings performance, increasing visibility but potentially also contributing to short-term volatility. Celestica Is Attracting Investor Attention
Negative Sentiment: Valuation and sector risk are weighing on the stock: After a major AI-related rally, investors may be locking in gains and questioning whether continued earnings growth justifies CLS’s elevated valuation. The broader AI hardware group is also experiencing a pullback or “pause,” which can pressure even companies reporting strong results. Celestica Q2: Showing Strength Amid The AI Pause

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CLS. Bank of America reiterated a “buy” rating on shares of Celestica in a research report on Wednesday. Barclays cut their target price on shares of Celestica from $441.00 to $430.00 and set an “overweight” rating for the company in a research note on Wednesday. BWS Financial reiterated a “buy” rating on shares of Celestica in a report on Tuesday. Stifel Nicolaus set a $500.00 price target on shares of Celestica in a research note on Tuesday. Finally, Canadian Imperial Bank of Commerce increased their price objective on shares of Celestica from $480.00 to $500.00 and gave the company an “outperform” rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $437.00.

Read Our Latest Stock Report on Celestica

Celestica Trading Down 6.2%

The company’s 50 day simple moving average is $361.44 and its 200-day simple moving average is $333.55. The firm has a market cap of $38.04 billion, a P/E ratio of 34.39, a P/E/G ratio of 0.76 and a beta of 2.05. The company has a quick ratio of 0.73, a current ratio of 1.23 and a debt-to-equity ratio of 0.32.

Celestica (NYSE:CLS – Get Free Report) (TSE:CLS) last released its earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.25. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The business had revenue of $4.68 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same period last year, the company earned $1.39 earnings per share. The business’s revenue for the quarter was up 62.4% compared to the same quarter last year. 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, research analysts predict that Celestica, Inc. will post 9.57 earnings per share for the current fiscal year.

Insider Activity at Celestica

In other news, CFO Mandeep Chawla sold 17,000 shares of Celestica stock in a transaction that occurred 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 transaction, the chief financial officer owned 82,444 shares of the company’s stock, valued at $32,948,744.60. The trade was a 17.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael Max Wilson sold 4,168 shares of Celestica stock in a transaction on 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 transaction, the director directly owned 24,718 shares in the company, valued at $8,238,756.58. This represents a 14.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 ninety days. 1.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Celestica by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 4,811,695 shares of the technology company’s stock worth $1,423,333,000 after buying an additional 73,022 shares during the period. JPMorgan Chase & Co. increased its position in shares of Celestica by 24.8% in the 4th quarter. JPMorgan Chase & Co. now owns 4,017,623 shares of the technology company’s stock valued at $1,187,650,000 after acquiring an additional 798,782 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in Celestica by 5,806,149.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,657,937 shares of the technology company’s stock worth $1,081,323,000 after acquiring an additional 3,657,874 shares during the last quarter. Franklin Resources Inc. raised its stake in Celestica by 18.6% in the 4th quarter. Franklin Resources Inc. now owns 2,278,214 shares of the technology company’s stock worth $673,471,000 after acquiring an additional 356,797 shares during the last quarter. Finally, Cibc World Market Inc. lifted its position in Celestica by 30.6% during the 4th quarter. Cibc World Market Inc. now owns 2,265,680 shares of the technology company’s stock worth $670,279,000 after acquiring an additional 530,535 shares during the period. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Celestica Company Profile

(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.