Celestica Inc.
- Open
- 353.98
- Day high
- 361.64
- Day low
- 347.37
- Prev close
- 354.78
- Volume
- 854K
- Mkt cap
- $41.4B
- P/E (TTM)
- 43.1
- EPS (TTM)
- $8.34
- P/B
- 20.2
- P/S
- 3.0
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$63.0M over the last 3 months (0 open-market buys, 56 sales)
- 🏛Institutions mixed (13F)
Celestica Inc. (CLS) is a Technology company listed on NYSE. The stock is up 123% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 56 sales (SEC Form 4).
Celestica Inc. (CLS) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 10 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
CLS earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 28, 2026 | $2.08 | $2.16 | +3.8% | $4.0B | +0.2% |
| Jan 28, 2026 | $1.74 | $1.89 | +8.6% | $3.7B | -0.2% |
| Apr 24, 2025 | $1.11 | $1.20 | +8.1% | $2.6B | +3.6% |
| Jan 29, 2025 | $1.04 | $1.11 | +6.7% | $2.5B | +0.5% |
| Oct 23, 2024 | $0.94 | $1.04 | +10.6% | $2.5B | -0.0% |
| Jul 24, 2024 | $0.81 | $0.91 | +12.3% | $2.4B | +4.4% |
| Jan 29, 2024 | $0.68 | $0.76 | +11.8% | $2.2B | +5.7% |
| Oct 25, 2023 | $0.60 | $0.65 | +8.3% | $2.0B | +2.6% |
| Jul 26, 2023 | $0.48 | $0.55 | +14.6% | $1.9B | -0.4% |
| Mar 13, 2023 | $0.54 | $0.56 | +3.7% | $2.0B | +4.4% |
| Jul 25, 2022 | $0.42 | $0.44 | +4.8% | $1.7B | +3.4% |
| Jan 26, 2022 | $0.39 | $0.44 | +12.8% | $1.5B | +2.2% |
CLS insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 2, 2026 | CASCELLA ROBERTdirector | Option | 84 | — |
| Jul 2, 2026 | CASCELLA ROBERTdirector | Tax | 5 | $343.25 |
| Jul 2, 2026 | Kale Jilldirector | Option | 155 | — |
| Jul 2, 2026 | Kale Jilldirector | Tax | 9 | $343.25 |
| Jun 17, 2026 | Chawla Mandeepofficer: Chief Financial Officer | Sell | 3,607 | $399.22 |
| Jun 17, 2026 | Chawla Mandeepofficer: Chief Financial Officer | Sell | 3,788 | $398.29 |
| Jun 17, 2026 | Chawla Mandeepofficer: Chief Financial Officer | Sell | 1,661 | $397.32 |
| Jun 17, 2026 | Chawla Mandeepofficer: Chief Financial Officer | Sell | 848 | $396.24 |
| Jun 17, 2026 | Chawla Mandeepofficer: Chief Financial Officer | Sell | 212 | $395.41 |
| Jun 17, 2026 | Chawla Mandeepofficer: Chief Financial Officer | Sell | 200 | $394.25 |
| Jun 17, 2026 | MIONIS ROBERTdirector, officer: Chief Executive Officer | Sell | 1,178 | $412.94 |
| Jun 17, 2026 | MIONIS ROBERTdirector, officer: Chief Executive Officer | Sell | 80 | $409.26 |
| Jun 17, 2026 | MIONIS ROBERTdirector, officer: Chief Executive Officer | Sell | 444 | $406.46 |
| Jun 17, 2026 | MIONIS ROBERTdirector, officer: Chief Executive Officer | Sell | 280 | $403.75 |
| Jun 17, 2026 | MIONIS ROBERTdirector, officer: Chief Executive Officer | Sell | 6,786 | $402.77 |
Source: CLS SEC Form 4 filings, latest Jul 2, 2026. For informational purposes only — not investment advice.
See the full CLS insider & 13F page →Celestica Inc. company profile
Overview
Celestica Inc. (TSX:CLS) is a Canadian multinational electronics manufacturing services company founded in 1994 and headquartered in Toronto. The company emerged as a spin-off from IBM's manufacturing operations and went public in 1998. Celestica has evolved from a traditional contract manufacturer into a provider of comprehensive hardware platform and supply chain solutions, serving customers across North America, Europe, and Asia through its globally diversified manufacturing network spanning 16 countries.
Business
Celestica operates in the electronics manufacturing services (EMS) industry, providing end-to-end hardware platform solutions and supply chain management for technology companies. The EMS industry serves as the backbone for many technology products, handling the complex manufacturing processes that original equipment manufacturers (OEMs) prefer to outsource rather than manage internally. The company operates through two primary business segments: Advanced Technology Solutions (ATS) - representing approximately 30% of total revenue - focuses on specialized, lower-volume, higher-complexity manufacturing for markets including aerospace and defense, industrial automation, capital equipment, and healthcare technology. This segment typically involves products requiring precision engineering, regulatory compliance, and specialized manufacturing capabilities. Connectivity & Cloud Solutions (CCS) - accounting for roughly 70% of total revenue - serves the data center infrastructure and communications markets. This segment manufactures networking equipment, servers, storage systems, and cloud infrastructure components primarily for hyperscale cloud providers and telecommunications companies. Within CCS, the company's High Performance Solutions (HPS) business has emerged as a key growth driver, representing about 39% of total company revenue and focusing on advanced networking switches, AI/ML compute platforms, and integrated rack solutions. The company provides comprehensive services including design and development, engineering, supply chain management, component sourcing, electronics manufacturing and assembly, testing, systems integration, logistics, and after-market services. Celestica manufactures a wide range of products from basic electronic components like capacitors and resistors to complex systems such as 1.6 terabit networking switches, AI computing platforms, and integrated data center rack solutions.
Revenue model
Celestica generates revenue primarily through contract manufacturing services, operating on a cost-plus model where customers pay for manufacturing costs plus a negotiated margin. The company's business model centers on providing manufacturing scale, technical expertise, and supply chain management that would be costly for customers to develop internally. The company's paying customers include major technology companies, with hyperscale cloud providers (companies like major data center operators) representing a significant portion of revenue - one hyperscaler customer alone accounts for approximately 29% of total revenues. Other customers span aerospace and defense contractors, industrial equipment manufacturers, telecommunications companies, and emerging AI infrastructure companies. Revenue generation varies by segment: the ATS segment typically commands higher margins due to specialized manufacturing requirements and lower volumes, while the CCS segment operates on higher volumes with competitive margins but benefits from operational leverage. The HPS business within CCS has proven particularly margin-accretive, as these programs often involve more complex integration work and proprietary design elements. Factors that positively impact margins include the ongoing shift toward AI infrastructure (driving demand for high-performance networking and compute solutions), the company's design and engineering capabilities that differentiate it from pure-play manufacturers, operational leverage from volume growth, and the transition of programs from basic manufacturing to higher-value integrated solutions. Margin pressures can arise from commodity pricing volatility, supply chain disruptions, competitive pricing in standard manufacturing services, customer concentration risks, and the cyclical nature of technology spending. The company's global manufacturing footprint provides flexibility to optimize costs and manage geopolitical risks, while investments in R&D and advanced manufacturing capabilities help maintain competitive positioning.
Competitive moat
Celestica's competitive moat is moderate and primarily built on operational capabilities rather than structural advantages. The company's key defensive elements include its globally diversified manufacturing network across 16 countries, which provides flexibility to shift production based on cost optimization, supply chain requirements, or geopolitical considerations. This geographic diversification is particularly valuable given current trade tensions and tariff uncertainties. The company has developed specialized technical capabilities in complex system integration, particularly in AI infrastructure, high-speed networking, and liquid-cooled systems. These engineering competencies, combined with established supply chain relationships and quality certifications required for aerospace and defense applications, create switching costs for customers and barriers for new entrants in specialized segments. However, the moat faces significant challenges. The EMS industry is inherently competitive with multiple capable providers including Foxconn, Flextronics, and Jabil. Customer concentration presents vulnerability, with heavy dependence on hyperscaler customers and technology spending cycles. The company operates in a cost-sensitive industry where customers regularly evaluate manufacturing partners based on pricing, and technological shifts could potentially disrupt established relationships. The strongest defensive position lies in the HPS business, where Celestica has developed specific expertise in next-generation networking and AI infrastructure. The complexity of 1.6 terabit switches and integrated AI computing solutions creates higher switching costs and requires specialized manufacturing capabilities. However, this advantage depends on continued technological leadership and the ability to scale with customer demands. Overall, while Celestica has built operational advantages and customer relationships, the moat is not particularly wide and requires continuous investment and execution to maintain.
Risks & safety
Celestica demonstrates solid financial stability with moderate margin of safety considerations: • Liquidity and Solvency: Strong current ratio of 1.43x and cash position of $303 million provides adequate short-term liquidity. Debt-to-equity ratio of 0.60x is manageable but elevated. Free cash flow generation of $93.6 million quarterly and $303 million annually indicates healthy cash conversion. • Valuation Metrics: Trading at 26.5x P/E ratio appears elevated relative to historical norms, though justified by strong growth trajectory. EV/EBITDA of 14.8x reflects premium valuation. Price-to-book ratio of 5.9x suggests limited asset-based downside protection. • Other Considerations: Customer concentration risk with significant exposure to hyperscaler spending cycles. Cyclical technology industry exposure creates earnings volatility. However, strong operational cash flow generation and improving margins provide some buffer against downturns.
Recent development
Over the past few years, Celestica has undergone a strategic transformation from a traditional contract manufacturer to a provider of high-value hardware platform solutions. The most significant development has been the explosive growth of the company's involvement in AI infrastructure, with High Performance Solutions (HPS) revenue growing 99% year-over-year to reach $1.04 billion in the most recent quarter, representing 39% of total company revenue. The company has secured multiple major program wins with hyperscale customers, including two significant 1.6 terabit switching programs and an integrated rack solution contract with a digital native AI company. These wins represent a shift toward more complex, higher-margin manufacturing that combines networking, compute, and storage solutions into integrated systems requiring advanced engineering capabilities. Celestica has been aggressively expanding its manufacturing footprint to support this growth, opening new facilities in Malaysia and Thailand while maintaining flexibility to scale operations in North America if trade considerations require it. The company has significantly increased its R&D investment, targeting $100 million in 2025, to develop proprietary design capabilities and maintain technological leadership in AI infrastructure. The strategic pivot toward AI and hyperscale infrastructure has fundamentally changed the company's revenue mix, with the CCS segment growing from representing the majority of revenue to 70% of total revenue, while traditional industrial and aerospace markets in the ATS segment have stabilized at around 30%. This transformation has driven substantial margin improvement, with the company achieving record operating margins and earnings per share growth of 58% in 2024.
CLS company profile · for informational purposes only — not investment advice.
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