Celestica (NYSE:CLS) Shares Up 5.2% Following Strong Earnings

Celestica, Inc. (NYSE:CLS) (TSE:CLS) traded up 5.2% during trading on Monday after the company announced better than expected quarterly earnings. The stock traded as high as $323.55 and last traded at $321.06. 4,182,147 shares traded hands during mid-day trading, an increase of 79% from the average daily volume of 2,335,068 shares. The stock had previously closed at $305.28.

The technology company reported $2.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.25. 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 company posted $1.39 earnings per share. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS.

Key Headlines Impacting Celestica

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Q2 results exceeded expectations. Celestica reported $4.70 billion in revenue, up 62% year over year, while adjusted earnings reached $2.54 per share versus the $2.29 consensus estimate. Reported EPS was also above expectations, at $2.41, compared with the same $2.29 consensus. Celestica Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Management raised its full-year outlook. Celestica now expects 2026 revenue of approximately $20.5 billion and EPS of $11.30, above analyst expectations of $19.2 billion and $10.13, respectively. 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 consensus. Celestica forecast EPS of $2.88–$3.08 and revenue of $5.3–$5.6 billion, compared with analyst estimates of $2.65 EPS and $5.0 billion in revenue. The outlook indicates momentum is continuing beyond the latest quarter. Celestica Q2 Earnings and Revenue Beat Estimates; Raises 2026 Outlook
• Positive Sentiment: Options activity reflected bullish interest. Investors purchased 13,556 call options, approximately 16% above the average daily call volume, although options activity is a positioning signal rather than a fundamental change.
• Neutral Sentiment: Celestica’s reported net margin was 6.95% and return on equity was 36.91%. The stock’s high beta and elevated valuation mean strong results may support the shares, but they also leave the stock sensitive to future guidance or execution disappointments.

Wall Street Analysts Forecast Growth

CLS has been the topic of several analyst reports. Susquehanna increased their target price on Celestica from $460.00 to $510.00 and gave the stock a “positive” rating in a report on Wednesday, April 29th. Stifel Nicolaus set a $445.00 price target on Celestica in a research note on Tuesday, April 28th. TD Securities raised shares of Celestica from a “hold” rating to a “buy” rating and set a $430.00 price objective for the company in a research report on Wednesday, April 29th. TD Cowen upgraded shares of Celestica from a “hold” rating to a “buy” rating and increased their price objective for the stock from $350.00 to $430.00 in a research note on Wednesday, April 29th. Finally, Weiss Ratings downgraded shares of 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 assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $427.42.

Insider Transactions at Celestica

In other news, CEO Robert Mionis sold 66,056 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $400.06, for a total value of $26,426,363.36. Following the sale, the chief executive officer directly owned 134,328 shares in the company, valued at approximately $53,739,259.68. This trade represents a 32.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Mandeep Chawla sold 17,000 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $399.65, for a total transaction of $6,794,050.00. Following the completion of the sale, the chief financial officer owned 82,444 shares in the company, valued at $32,948,744.60. This represents a 17.10% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 161,168 shares of company stock valued at $63,190,485. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Celestica

Hedge funds and other institutional investors have recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Celestica in the fourth quarter valued at $28,000. Ascentis Independent Advisors bought a new position in shares of Celestica in the 1st quarter worth about $29,000. Swiss RE Ltd. bought a new position in shares of Celestica in the 4th quarter worth about $29,000. Cullen Frost Bankers Inc. acquired a new position in shares of Celestica in the 4th quarter valued at about $30,000. Finally, Sittner & Nelson LLC acquired a new position in shares of Celestica in the 4th quarter valued at about $31,000. 67.38% of the stock is currently owned by institutional investors.

Celestica Trading Up 5.2%

The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 0.36. The firm has a 50-day moving average of $361.64 and a 200 day moving average of $332.61. The company has a market cap of $36.91 billion, a P/E ratio of 38.82, a price-to-earnings-growth ratio of 0.71 and a beta of 2.05.

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.