Celestica CLS Q2 2026: EPS Beats by 10%, Guidance Raised to $20.5B
As seen on the 24/7 Wall St. homepage on July 27, 2026.
Celestica crushed expectations with its Connectivity & Cloud Solutions segment revenue surging 84% on hyperscaler AI infrastructure demand, prompting management to raise full-year revenue guidance to $20.5 billion and adjusted EPS to $11.30 while signaling even faster 2027 growth acceleration.
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Celestica reported Q2 2026 adjusted EPS of $2.54, topping the $2.31 consensus estimate by roughly 10%. Revenue came in at $4.7 billion, beating expectations of $4.39 billion by about 7%. The headline numbers extend a streak of consistent outperformance — CLS has now beaten EPS estimates in five of the last six quarters, with beats growing progressively larger since Q2 2025.
The engine behind the quarter was the Connectivity & Cloud Solutions segment, where revenue surged 84%, driven by hyperscaler demand for AI infrastructure. That kind of segment-level growth is rare even in a hot AI spending environment, and it gave management enough confidence to lift full-year guidance materially — raising revenue guidance to $20.5 billion and adjusted EPS guidance to $11.30.
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Management also signaled that growth is expected to accelerate further into 2027, a forward-looking statement that goes beyond the typical guidance update. Investors will be watching whether hyperscaler AI infrastructure spending holds at the pace implied by that outlook, and whether Celestica can sustain segment margins as it scales.
Mentioned: CLS