Celestica (NYSE:CLS) Announces Earnings Results, Beats Expectations By $0.25 EPS

Celestica (NYSE:CLS) (TSE:CLS) released its quarterly earnings results on Monday. The technology company reported $2.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $0.25, Briefing.com reports. The business had revenue of $4.68 billion during the quarter, compared to analysts’ expectations of $4.30 billion. Celestica had a return on equity of 36.91% and a net margin of 6.95%.The firm’s revenue for the quarter was up 62.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.39 earnings per share. Celestica updated its FY 2026 guidance to 11.300-11.300 EPS and its Q3 2026 guidance to 2.880-3.080 EPS.

Celestica Trading Up 5.2%

Shares of Celestica stock opened at $321.06 on Tuesday. The business’s 50 day moving average is $361.64 and its 200-day moving average is $332.61. Celestica has a 12-month low of $169.19 and a 12-month high of $474.02. The stock has a market cap of $36.91 billion, a P/E ratio of 38.82, a P/E/G ratio of 0.71 and a beta of 2.05. The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 0.36.

Insider Buying and Selling

In other news, CEO Robert Mionis sold 66,056 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $400.06, for a total value of $26,426,363.36. Following the transaction, the chief executive officer owned 134,328 shares of the company’s stock, valued at approximately $53,739,259.68. This represents a 32.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Mandeep Chawla sold 17,000 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer owned 82,444 shares in the company, valued at approximately $32,948,744.60. This trade represents a 17.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 161,168 shares of company stock valued at $63,190,485. 1.10% of the stock is owned by insiders.

Institutional Trading of Celestica

Several institutional investors have recently added to or reduced their stakes in the company. J. Goldman & Co LP bought a new stake in shares of Celestica in the fourth quarter valued at about $324,000. Lido Advisors LLC bought a new stake in shares of Celestica in the third quarter valued at approximately $293,000. Tcfg Wealth Management LLC bought a new position in Celestica during the 3rd quarter worth $285,000. Absolute Gestao de Investimentos Ltda. acquired a new position in Celestica in the 4th quarter valued at $263,000. Finally, Greenline Wealth Management LLC acquired a new stake in shares of Celestica during the 4th quarter worth $227,000. 67.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CLS has been the topic of a number of research analyst reports. Susquehanna increased their price objective on shares of Celestica from $460.00 to $510.00 and gave the stock a “positive” rating in a report on Wednesday, April 29th. TD Cowen raised Celestica from a “hold” rating to a “buy” rating and upped their price objective for the stock from $350.00 to $430.00 in a report on Wednesday, April 29th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and issued a $480.00 price objective on shares of Celestica in a research report on Wednesday, April 29th. Bank of America boosted their price objective on Celestica from $400.00 to $430.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Finally, Weiss Ratings cut Celestica from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Celestica presently has a consensus rating of “Buy” and an average price target of $427.42.

Celestica News Roundup

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Q2 results exceeded expectations. Celestica reported adjusted earnings of $2.54 per share, versus the $2.29 analyst consensus, while revenue reached approximately $4.68 billion to $4.70 billion, above the roughly $4.30 billion estimate. Revenue increased 62.4% year over year, and earnings rose substantially from $1.39 per share a year earlier. Celestica Announces Second Quarter 2026 Financial Results
• Positive Sentiment: Management raised its full-year forecast. Celestica now expects 2026 adjusted EPS of approximately $11.30 and revenue of about $20.5 billion, ahead of consensus estimates of $10.13 per share and $19.2 billion in revenue. The company also said growth is expected to accelerate in 2027. Celestica Announces Second Quarter 2026 Financial Results
• Positive Sentiment: Third-quarter guidance also topped expectations. The company forecast EPS of $2.88 to $3.08 and revenue of $5.3 billion to $5.6 billion, compared with analyst estimates of $2.65 and $5.0 billion, respectively. The stronger outlook suggests continued momentum in Celestica’s core markets. Celestica Q2 Earnings and Revenue Beat Estimates; Raises 2026 Outlook
• Neutral Sentiment: Options activity increased. Traders bought 13,556 call options, 16% above the average daily call volume, indicating heightened speculative interest but not guaranteeing continued gains.

Celestica Company Profile

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.