Celestica Inc. (CLS) Earnings
Celestica Inc. is expected to report next earnings on July 27, 2026 (in NaN days), with a consensus EPS estimate of $2.28. CLS has beaten EPS estimates in 12 of its last 12 reported quarters (average surprise +6.8% over the last four).
| 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% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 28, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
Kicked off the year with solid results in Q1 with revenue over $4B and adjusted operating margin 8%. Adjusted EPS $2.16 exceeded guidance range. Awarded backlog and opportunity pipeline strongest in tenure. Second quarter revenue projected between $4.15B - $4.45B. 2026 annual revenue outlook raised from $17B to $19B, adjusted EPS from $8.75 to $10.15, adjusted operating margin 8.1%. CCS segment expected ~70% revenue growth in 2026. ATS segment full year revenue outlook mid to high single digits percentage growth. In CCS, communications end market expected ~50% growth, enterprise end market ~130% growth. Announced collaborations with AMD and secured 1.6T co-packaged optics ethernet switch program. Primary focus on execution to meet accelerating demand.
Guidance
Second quarter revenue projected $4.15B - $4.45B, midpoint growth 49%. Adjusted EPS anticipated $2.14 - $2.34. 2026 annual revenue raised from $17B to $19B, adjusted EPS from $8.75 to $10.15, adjusted operating margin 8.1%. 2027 growth outlook significantly more than $6.5B growth in 2026.
Segment performance
First quarter revenue surpassed $4 billion with adjusted operating margin of 8%. ATS segment revenue for the quarter was $806 million, flat year over year, accounting for 20% of total company revenue. CCS segment revenue was $3.24 billion, up 76%, accounting for 80% of total company revenue. HPS business generated revenue of $1.7 billion, representing growth of 63% and accounted for 42% of total company revenue. ATS segment margin was 6.0%, up 100 basis points. CCS segment margin in the first quarter was 8.6%, an improvement of 60 basis points.
Risks & headwinds
Supply environment highly dynamic with component shortages including custom silicon, memory, PCBs, power components, optical components. Demand growth causing supplier capacity lag. But have long-term visibility from customers and commitments from suppliers to secure outlook.
Analyst Q&A
Q: Samik Chatterjee with JP Morgan asked about market share and visibility on AI ML compute programs and follow-up on CPO win.
A: Visibility into next gen programs is long, executing well, component issue with AI ML compute resolved.
Q: Michael Ng with Goldman Sachs asked about 2027 CCS revenue growth and program contributions.
A: Strong growth expected, programs like 1.6T, digital native, AI ML compute driving growth.
Q: Tim Long with Barclays asked about HPS business progression.
A: HPS business underpins growth, R&D spend up, design engineers up, working on next year's programs.
Q: Carl Ackerman with BNP Paribas asked about drivers for revised outlook and marginal trajectory.
A: Growth overwhelmingly driven by CCS, including enterprise and networking programs.
Q: Mehdi Hosseini with Susquehanna Financial Group asked about sizing Helios project opportunities.
A: Program in development, samples this year, market multi-billion dollar.
Q: David Vogt with UBS asked about gross margin progression.
A: Mixed impacts on gross margin, operating leverage seen, focused on EPS growth.
Q: George Nodder with Wolf Research asked about CPO win customer and deal size.
A: Existing customer, no cannibalization, ramp in second half of 2027.
Q: John Hsiao with TD Cowan asked about implication of Google's new architecture.
A: Systems level, manufacturing, design important, continue to innovate with customers.
Q: Ruben Roy with Stifer asked about supply commentary and caps on shipping.
A: More component shortages now, suppliers adding capacity, constrained on custom silicon, memory, etc., but visibility from customers is positive.
Q: Rupalu Bhattacharya with Bank of America asked about free cash flow and scale up vs scale out.
A: Maintained free cash flow outlook of $500M, disciplined on capital allocation, CPO win scale out, Helios track scale up.
Q: Robert Young with Canaccord Genuity asked about component constraints and competitive impact.
A: Execution strength, key strengths in execution, constraints in networking and compute differently.
Q: Thanos Moscapoulos with BMO Capital Markets asked about digital native customer ramp.
A: Still on track, shipping samples this year, production start in late first quarter next year.
Q: Paul Treiber with RBC Capital Markets asked about long-term visibility and contractual terms.
A: Aligned physical capacity with supply chain and CapEx plans, contractual terms protect, comfortable with long-term growth trajectory.
Q: Todd Coupland with CIBC asked about switch ramps dynamics between 2026 and 2027.
A: Switch ramps in back half of 2026 going as planned, 800G strong throughout year.
Q: Michael Ng with Goldman Sachs asked about CapEx beyond 2026.
A: Expect CapEx to ramp up, rough number of $1.5B placeholder, tied to business cases and program specifics.