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StocksMedium•16 April 2026•

1 min read

Celestica Faces Securities Fraud Probe Following Google Hardware Shift Reports

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Key Facts

1The Portnoy Law Firm launched an investigation into potential securities fraud by Celestica, Inc. (CLS).

The Portnoy Law Firm has launched an investigation into potential securities fraud by Celestica, Inc. (CLS) following a significant decline in the company's market value. On January 22, 2026, Celestica's stock price dropped by 6.08% amid reports that Google is shifting its hardware assembly business away from the firm. Specifically, the reports suggest that Google may move the assembly of its Tensor Processing Units (TPUs) to other providers. The legal probe seeks to determine whether Celestica failed to disclose material risks regarding its relationship with major clients to its investors. This development has caused substantial losses for shareholders and raised concerns about the company's future revenue streams. Market analysts are closely monitoring the situation as the investigation could lead to formal class-action litigation.