Celestica Inc.: Beat — EPS $3.30, Revenue $5.83B
Earnings BeatQ3 2026 · After-market
Did Celestica Inc. (CLS) beat earnings today?
Yes, Celestica Inc. (CLS) beat Wall Street analyst expectations for Q3 2026, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+11.49% surprise
$3.30Actual
Expected: $2.96
vs. year ago +108.9%
Total Revenue+6.58% surprise
$5.83BActual
Expected: $5.47B
vs. year ago +83.0%
Released Oct 26 · 4:17 PM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $5.83B | $3.19B | +83.0% |
| Revenue detail — reported lines | |||
| └─CCS | $4.87B | - | +102.0% |
| └─Hardware Platform Solutions | ~$2.3B | - | +70.0% |
| └─ATS | $960.00M | - | +23.0% |
| Net earnings | $397.20M | $267.80M | +48.3% |
| GAAP Basic EPS | $3.30 | $2.33 | +41.6% |
| GAAP Diluted EPS | $3.26 | $2.31 | +41.1% |
| Adjusted EPS | $3.30 | $1.58 | +108.9% |
Financial Outlook / Guidance
| Metric | Q4 2026 Guidance | 2026/2027 Annual Outlook |
|---|---|---|
| Revenue | $6.275B-$6.575B | — |
| Adjusted operating margin | 8.7% (mid-point) | — |
| Adjusted EPS | $3.37-$3.57 | — |
| 2026 Revenue | — | $21.0B (prev. $20.5B) |
| 2026 Adjusted EPS | — | $11.55 (prev. $11.30) |
| Free cash flow | — | $460M (prev. $600M) |
| 2026 Adjusted operating margin | — | 8.4% (unchanged) |
| 2027 Revenue | — | $40.0B |
| 2027 Adjusted EPS | — | $21.50 |
| 2027 Adjusted operating margin | — | 9.0% |
| Capital expenditures | — | $1.5B-$2.0B |
Business Highlights
- ➤Completed a $3.45B aggregate-gross-proceeds public offering.
- ➤Renamed CCS end markets from Communications to Networking and Enterprise to Compute & Storage.
- ➤Compute & Storage continues to include Servers and Storage businesses.
- ➤ATS includes Aerospace and Defense, Industrial, HealthTech, and Capital Equipment businesses.
- ➤Intends to launch a new NCIB in Q4 2026 following current NCIB expiration.
- ➤Proposed NCIB could permit repurchases of up to 2.5% of public float.
- ➤Supports leading hyperscalers and frontier AI labs in the AI infrastructure supercycle.
- ➤Management will host its financial-results call and 2026 Investor and Analyst Day on October 27.
Management Commentary
Rob Mionis, Chair of the Board and CEO
““Celestica’s strong momentum continued in the third quarter, achieving revenue of $5.83 billion and adjusted EPS (non-GAAP)* of $3.30, up 83% and 109%, respectively,” said Rob Mionis, Chair of the Board and CEO of Celestica. “Our adjusted operating margin (non-GAAP)* of 8.5% represents another new high for the company, demonstrating the strength of our operational execution.””
Rob Mionis, Chair of the Board and CEO
““Driven by these strong results to date and a demand environment that continues to strengthen, we are pleased to increase our 2026 annual outlook. We now expect revenue to reach $21.0 billion and adjusted EPS (non-GAAP)* of $11.55, representing growth of 69% and 91%, respectively.””
Rob Mionis, Chair of the Board and CEO
““We are also pleased to provide our initial 2027 annual outlook, with revenue of $40.0 billion, up 90%, record adjusted operating margin (non-GAAP)* of 9.0% and adjusted EPS (non-GAAP)* of $21.50.””
Rob Mionis, Chair of the Board and CEO
““Celestica is well-positioned to continue to support leading hyperscalers and frontier AI labs through the ongoing AI infrastructure supercycle. The demand environment continues to be very robust, supporting our 2027 revenue outlook, with customer demand forecasts meaningfully higher for 2028.””