Celestica Reports Strong Q3 2026 Results Driven by AI and Cloud Demand
Celestica (CLS) delivered a robust third quarter for 2026, reporting revenue of $5.83 billion, an 83% increase year-over-year that exceeded previous guidance. The growth was primarily fueled by the Connectivity and Cloud Solutions (CCS) segment, which saw a 102% revenue surge driven by massive demand in hyperscale AI compute programs and high-speed networking markets. Looking ahead, management significantly raised its full-year 2026 outlook and provided aggressive guidance for 2027, projecting revenue to reach $40.0 billion—a 90% increase over the current year's forecast. To support this rapid scaling, the company is increasing capital expenditures and expanding its engineering headcount, while managing a significant inventory build-up to meet anticipated demand.
Topics: AI compute demand cloud solutions eps beat guidance raise revenue growth