Celestica (NYSE:CLS) Updates Q3 2026 Earnings Guidance

Celestica (NYSE:CLS) (TSE:CLS) issued an update on its third quarter 2026 earnings guidance on Monday morning. The company provided earnings per share guidance of 2.880-3.080 for the period, compared to the consensus EPS estimate of 2.650. The company issued revenue guidance of $5.3 billion-$5.6 billion, compared to the consensus revenue estimate of $5.0 billion. Celestica also updated its FY 2026 guidance to 11.300-11.300 EPS.

Analysts Set New Price Targets

Several equities analysts have issued reports on CLS shares. BMO Capital Markets lifted their price objective on Celestica from $370.00 to $450.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Stifel Nicolaus set a $500.00 price objective on shares of Celestica in a research report on Tuesday. BWS Financial restated a “buy” rating on shares of Celestica in a research report on Tuesday. Barclays lowered their price objective on shares of Celestica from $441.00 to $430.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating and set a $480.00 target price on shares of Celestica in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $432.00.

Celestica Stock Performance

CLS opened at $337.46 on Wednesday. The company has a 50 day simple moving average of $361.83 and a two-hundred day simple moving average of $332.91. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 0.73. Celestica has a 1-year low of $173.23 and a 1-year high of $474.02. The firm has a market cap of $38.80 billion, a P/E ratio of 35.72, a PEG ratio of 0.74 and a beta of 2.05.

Celestica (NYSE:CLS) (TSE:CLS) last released its earnings results on Monday, July 27th. The technology company reported $2.54 EPS for the quarter, beating analysts’ consensus estimates of $2.29 by $0.25. The firm had revenue of $4.68 billion for the quarter, compared to analysts’ expectations of $4.30 billion. Celestica had a return on equity of 41.69% and a net margin of 7.16%.The company’s quarterly revenue was up 62.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.39 earnings per share. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. Equities analysts forecast that Celestica will post 9.57 earnings per share for the current fiscal year.

Insider Activity

In other Celestica news, CFO Mandeep Chawla sold 17,000 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $399.65, for a total value of $6,794,050.00. Following the completion of the sale, the chief financial officer directly owned 82,444 shares of the company’s stock, valued at $32,948,744.60. This trade represents a 17.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael Max Wilson sold 4,168 shares of the 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 transaction, the director directly owned 24,718 shares of the company’s stock, valued at approximately $8,238,756.58. This trade represents a 14.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 161,168 shares of company stock worth $63,190,485 over the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Trending Headlines about Celestica

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Q2 results significantly exceeded expectations. Revenue rose 62.4% year over year to approximately $4.7 billion, above the roughly $4.3 billion consensus, while adjusted EPS of $2.54 surpassed estimates of $2.29 and increased from $1.39 a year earlier. Results were also above the high end of management’s prior guidance. Celestica Announces Second Quarter 2026 Financial Results
• Positive Sentiment: Management raised its 2026 forecast. Celestica now expects approximately $20.5 billion in revenue and $11.30 in adjusted EPS, compared with consensus estimates of about $19.2 billion and $10.13, respectively. Third-quarter guidance of $5.3-$5.6 billion in revenue and $2.88-$3.08 in EPS also exceeds analyst expectations. Celestica Q2 Earnings and Revenue Beat Estimates; Raises 2026 Outlook
• Positive Sentiment: AI-related demand remains the primary growth driver. The Connectivity & Cloud Solutions segment reportedly grew 84% year over year, supported by cloud connectivity, data-center hardware and hyperscaler customers. Management indicated growth could accelerate further in 2027, with mass production programs expected to contribute. Celestica Q2 2026 Earnings Call Highlights
• Neutral Sentiment: Analyst commentary is broadly bullish, with some describing Celestica as undervalued and reaffirming a “Strong Buy” view. However, another analysis recommended watching rather than buying immediately, suggesting investors remain attentive to valuation and execution risks. Celestica Q2: 2 Reasons It’s Worth Watching, But Not Buying Yet
• Negative Sentiment: At roughly 36 times earnings, CLS is priced for substantial continued growth, and its beta above 2 indicates elevated volatility. Any slowdown in hyperscaler capital spending or difficulty converting AI demand into sustained margins could pressure the shares.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Insigneo Advisory Services LLC increased its stake in shares of Celestica by 5.2% during the 4th quarter. Insigneo Advisory Services LLC now owns 947 shares of the technology company’s stock worth $280,000 after purchasing an additional 47 shares in the last quarter. Lido Advisors LLC boosted its holdings in Celestica by 4.5% in the 4th quarter. Lido Advisors LLC now owns 1,243 shares of the technology company’s stock worth $367,000 after acquiring an additional 53 shares during the period. Prosperity Wealth Management Inc. grew its stake in shares of Celestica by 1.8% during the third quarter. Prosperity Wealth Management Inc. now owns 3,411 shares of the technology company’s stock valued at $840,000 after acquiring an additional 61 shares in the last quarter. Mindset Wealth Management LLC grew its holdings in Celestica by 2.8% during the 4th quarter. Mindset Wealth Management LLC now owns 2,407 shares of the technology company’s stock worth $712,000 after acquiring an additional 66 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Celestica by 117.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 137 shares of the technology company’s stock valued at $40,000 after acquiring an additional 74 shares in the last quarter. Hedge funds and other institutional investors own 67.38% of the company’s stock.

About Celestica

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.