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The Toronto-based AI hardware company reported third quarter revenue of US$5.83 billion, up 83 per cent from a year earlier, while adjusted earnings per share more than doubled over the period to US$3.30. Both exceeded Celestica’s forecasts. The company raised its 2026 revenue outlook to US$21 billion and expects sales to increase 90 per cent to US$40 billion in 2027. (The Logic)
Talking point: Celestica designs and manufactures servers, networking switches and other hardware used in data centres. Revenue for its connectivity and cloud solutions business more than doubled last quarter to US$4.87 billion as cloud providers and AI companies expanded their infrastructure Celestica’s shares rose 17 per cent in premarket trading Tuesday after it reported the results, a day after the stock traded near a one-year low amid investor concerns about AI spending.
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