| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 30 | 34.4x | 17.6x | Bottom tier | |
Growth | 93 | 62.7% | 7.1% | Top tier | |
Quality | 62 | 46.7% | 4.5% | Around median | |
Safety | 79 | 0.2x | 2.6x | Top tier | |
Capital Return | 31 | — | 2.15% | Bottom tier | |
Momentum | 58 | 36.7% | 2.3% | Around median | |
Sentiment | 47 | 10 | 3 | Around median |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Celestica Inc. designs and manufactures complex electronic systems, combining engineering capabilities with large-scale manufacturing to serve networking, computing, and artificial intelligence infrastructure programs. Its business is divided into Connectivity & Cloud Solutions CCS, which includes 400G, 800G, and 1.6T network switches and computing and storage programs, and Advanced Technology Solutions ATS, which includes capital equipment and other engineering businesses. In fiscal year 2026 quarter 2, CCS generated approximately 81% of revenue versus 19% for ATS, making demand from data centers and hyperscale customers the primary driver of the business.
Fiscal year 2026 quarter 2 revenue reached approximately $4.7 billion, up 62% year over year, while EDGAR data reported gross profit of $577.5 million, net income of $368.8 million, and earnings per share of $3.17. On an adjusted basis, earnings per share reached $2.54, up 83%, and adjusted operating margin increased 80 basis points to a company record of 8.2%, despite adjusted gross margin declining 20 basis points to 11.5% due to the CCS business mix. The latest trailing-twelve-month figures show revenue of $17.2 billion, gross profit of $2.2 billion, and net income of $1.4 billion.
CCS generated revenue of $3.81 billion in fiscal year 2026 quarter 2, up 84%, while its margin increased 40 basis points to 8.7%. Within the segment, Communications grew 62%, supported by 800G switch programs, while Enterprise surged 167% as an artificial intelligence and machine learning computing program for a hyperscale customer accelerated and storage demand remained strong; HPS revenue also reached approximately $1.9 billion, or 41% of the company's total revenue. ATS, meanwhile, recorded $888 million, up 8%, and its margin increased 100 basis points to a segment record of 6.3%.
The analyst consensus rates CLS stock as “Buy,” with an average price target of $462.36 and a wide target range of $406 to $510. The average target is approximately 2.5% below the 52-week high of $474.03, while the stock's annual range extends from $183.66 to $474.03; this breadth reflects a strong revaluation linked to artificial intelligence infrastructure growth, offset by concerns about ownership dilution following the $3 billion share offering. The data do not include a valid price-to-earnings ratio that can be used to determine whether the stock is cheap or expensive, so the available valuation anchor relies primarily on the target consensus and the 52-week range.
Figures in the text are as of 2026-08-28; the live price is shown at the top of the page.
Revenue reached $4.7 billion, up 62% year over year, while adjusted earnings per share increased 83% to $2.54. The CCS segment grew 84% to $3.81 billion and represented 81% of total sales. Within the segment, Enterprise revenue increased 167% due to the acceleration of an artificial intelligence and machine learning computing program for a hyperscale customer and strong storage demand, while Communications grew 62%, supported by 800G and 400G switches.
Management described both the OpenAI program and the AMD Helios platform as multibillion-dollar revenue opportunities during fiscal year 2027. Celestica will collaborate with OpenAI and Broadcom on a multigenerational accelerator roadmap beginning with the Jalapeno accelerator, which is planned for volume production in fiscal year 2027. For Helios, Celestica designs and manufactures the scale-up network switch that forms the backbone of intra-rack connectivity, with samples expected at the end of fiscal year 2026 and production ramping in the first half of fiscal year 2027.
The company raised its fiscal year 2026 revenue forecast to $20.5 billion, implying growth of 65%, and raised its adjusted earnings per share forecast to $11.30, implying growth of 87%. It also raised its adjusted operating margin forecast to 8.4% and free cash flow forecast to $600 million, with planned capital expenditures of approximately $1 billion. For fiscal year 2027, management expects revenue growth to accelerate beyond 65% and adjusted earnings per share growth to outpace revenue growth, driven by the 800G, 1.6T, OpenAI, and AMD Helios programs.
Automated analysis for informational purposes only — not investment advice.
Customer concentration ranks first, as three customers represented 32%, 17%, and 14% of fiscal year 2026 quarter 2 revenue. Artificial intelligence data center demand also exceeds the global supply of components, with lead times for some products exceeding 52 weeks and execution dependent on the availability of silicon, memory, and printed circuit boards. The increase in inventory to $3.4 billion and the fiscal year 2026 capital expenditure plan of approximately $1 billion also add pressure on working capital if program launches are delayed.
Adjusted operating margin increased 80 basis points to a record 8.2% in fiscal year 2026 quarter 2, with the CCS margin reaching 8.7% and the ATS margin reaching 6.3%. Results benefited from higher production volumes, operating leverage, and the increased contribution of HPS products that include greater design and engineering value. However, adjusted gross margin declined 20 basis points to 11.5% due to the CCS mix, so continued improvement depends on the program mix and expense discipline.
The company priced an offering of 9.7 million common shares at $310 per share to raise approximately $3 billion. The funding was allocated to working capital and capital expenditures supporting the expansion of artificial intelligence infrastructure and data centers. The issuance provides liquidity for growth programs, but it dilutes existing shareholders' ownership, and the stock fell by more than 10% following the pricing announcement on August 6, 2026.
