Celestica Shares Surge Following Strong Q3 Results and Optimistic 2027 Revenue Forecast
Celestica (CLS) shares rose significantly in premarket trading following the announcement of third-quarter revenue reaching $5.83 billion, exceeding market expectations. The company's growth is being driven primarily by surging demand for artificial intelligence infrastructure, which has prompted management to raise its full-year 2026 outlook. Looking further ahead, Celestica issued a bullish long-term forecast targeting $40 billion in sales by 2027. This guidance reflects the company's strategic positioning within the AI hardware supply chain and its ability to capitalize on the ongoing build-out of data center technologies.
Tickers: $CLS
Topics: AI infrastructure demand earnings beat guidance raise revenue growth
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