Celestica (NYSE:CLS) Releases Earnings Results, Beats Expectations By $0.28 EPS

Celestica (NYSE:CLS) (TSE:CLS) released its quarterly earnings results on Monday. The technology company reported $3.30 EPS for the quarter, topping analysts’ consensus estimates of $3.02 by $0.28, reports. The business had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.39 billion.

Celestica Stock Performance

Shares of NYSE CLS opened at $276.06 on Wednesday. The stock’s fifty day moving average is $325.96 and its 200 day moving average is $331.57. Celestica has a 52 week low of $244.51 and a 52 week high of $474.02.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. TD set a $430.00 price target on shares of Celestica and gave the stock a “buy” rating in a research report on Wednesday, September 16th. Zacks Research cut Celestica from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 28th. Canadian Imperial Bank of Commerce raised their price target on Celestica from $480.00 to $500.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. BMO Capital Markets reaffirmed an “outperform” rating and set a $400.00 price target on shares of Celestica in a research report on Friday. Finally, Barclays reiterated an “overweight” rating on shares of Celestica in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $446.57.

Insider Activity

In other news, CFO Mandeep Chawla sold 16,117 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $369.32, for a total value of $5,952,330.44. Following the completion of the transaction, the chief financial officer directly owned 65,444 shares in the company, valued at approximately $24,169,778.08. The trade was a 19.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Todd Cooper sold 20,118 shares of the company’s stock in a transaction that occurred on Wednesday, September 23rd. The stock was sold at an average price of $360.00, for a total transaction of $7,242,480.00. Following the sale, the president directly owned 73,252 shares of the company’s stock, valued at approximately $26,370,720. This trade represents a 21.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 243,067 shares of company stock worth $89,200,967. 1.10% of the stock is currently owned by corporate insiders.

Key Stories Impacting Celestica

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Strong Q3 results: Celestica reported adjusted EPS of $3.30, above the $3.02 consensus, while revenue reached approximately $5.74 billion to $5.83 billion, exceeding expectations. Earnings increased about 109% year over year and revenue grew roughly 83%, driven by demand for AI data-center infrastructure, networking and computing products. Celestica Q3 2026 earnings results
• Positive Sentiment: Raised outlook and major 2027 target: Management increased its full-year 2026 guidance and projected accelerating revenue growth and operating-margin expansion in 2027. The company’s roughly $40 billion 2027 revenue target reflects continued momentum in AI networking and proprietary ASICs. Celestica raised outlook and 2027 target
• Positive Sentiment: AI exposure remains the central catalyst: The earnings call highlighted accelerating AI infrastructure demand across networking and compute, with stronger customer demand expected to support growth beyond 2027. Celestica Q3 earnings call transcript
• Neutral Sentiment: Speculative bullish positioning: Traders purchased 34,315 CLS call options, about 163% above average daily volume, suggesting heightened optimism but also increased short-term speculation.
• Negative Sentiment: Profit-taking after a sharp rally: Shares jumped more than 26% in premarket trading after the report, then cooled as investors locked in gains. The stock had already fallen about 8% over the prior week and 25% over the prior month, showing substantial volatility and weakened momentum.
• Negative Sentiment: Execution and valuation concerns: Analysts and investors are questioning whether the aggressive 2027 targets can be achieved. A reported free-cash-flow deficit adds risk, while the shares remain below their 50-day and 200-day moving averages despite the strong fundamental outlook.

Celestica Company Profile

Celestica Inc is a global provider of design, manufacturing, and supply chain solutions for original equipment manufacturers and other technology companies. The company helps customers develop, produce, and support complex hardware and integrated systems across their product life cycles.

Its services include product design and engineering, electronics and mechanical manufacturing, systems integration, testing, supply chain management, logistics, and after-market support. Celestica serves markets such as communications, enterprise and cloud computing, aerospace and defense, industrial technology, health technology, and capital equipment.

Headquartered in Toronto, Canada, Celestica operates a global network of manufacturing, engineering, and supply chain facilities serving customers in North America, Europe, and Asia.