Celestica (CLS) Q2 2026 Earnings
How Did CLS Stock React to Q2 2026 Earnings?
S&P 500 over the same 30 days: +4.08%.
Did CLS Beat Earnings? Q2 2026 Results
Yes. Celestica reported Q2 2026 earnings of $2.54 a share on Jul 27, 2026, beating the $2.31 consensus estimate by 10.0%. Revenue was $4.7B against a $4.4B estimate.
Celestica delivered a blowout second quarter of 2026, with the electronics manufacturing giant posting adjusted EPS of $2.54, beating the $2.31 consensus by 10.04% and extending its streak of consecutive EPS beats to five quarters. <a href="https://247wallst.com/investing/2026/07/27/live-will-celestica-crush-q2-earnings-tonight-after-the-market-closes/">Investors watching closely</a> saw revenue of $4.70 billion arrive well above the $4.39 billion consensus, representing 62.4% growth year over year, fueled primarily by explosive momentum in the Connectivity & Cloud Solutions segment, where revenue surged 84% to approximately $3.81 billion on the back of surging hyperscaler demand for AI infrastructure. Adjusted operating margin reached 8.2%, up from 7.4% a year ago, as the company captured significant operating leverage at scale. Management responded with a substantial guidance raise, lifting full-year 2026 revenue expectations to $20.50 billion from $19.00 billion and adjusted EPS to $11.30 from $10.15, while guiding Q3 revenue of $5.25 billion to $5.55 billion; notably, the company also signaled that 2027 revenue growth is expected to accelerate beyond the 65% rate anticipated for the current year.
- Higher than anticipated customer demand and strong operational execution drove revenue above guidance
- Stronger than anticipated operating leverage drove adjusted EPS above guidance
- CCS segment revenue increased 84% year-over-year, driven by data center infrastructure demand
- Adjusted operating margin of 8.2% represented a new company high
- Improved component supply supported stronger results
- Favorable profit mix contributed to a lower adjusted effective tax rate of 20%
“Celestica delivered very strong performance in the second quarter, achieving revenue of $4.70 billion and adjusted EPS (non-GAAP)* of $2.54, each exceeding the high end of our guidance ranges. Our adjusted operating margin (non-GAAP)* of 8.2% represents another new high for the company, demonstrating the strength of our execution.”
Celestica CEO, on the earnings call
What Is Celestica's Outlook?
Celestica raised its 2026 annual outlook: revenue now expected at $20.5 billion (previously $19.0 billion), adjusted EPS at $11.30 (previously $10.15), adjusted operating margin at 8.4% (previously 8.1%), and free cash flow at $600 million (previously $500 million), reflecting year-over-year revenue growth of 65% and adjusted EPS growth of 87%. For Q3 2026, the company guides revenue of $5.25 billion to $5.55 billion, adjusted operating margin of 8.4% at the midpoint, and adjusted EPS of $2.88 to $3.08. Looking further ahead, the company expects 2027 revenue growth to accelerate beyond the 65% growth rate anticipated for 2026, with adjusted EPS growing at an even faster rate than revenue, driven by higher expected adjusted operating margins.
CLS YoY Financials
| Metric | Q2 2026 | Q2 2025 | Year over year |
|---|---|---|---|
| Revenue | $4.7B | $2.9B | +62.4% |
| Gross Profit | $577.5M | $371.0M | +55.7% |
| Operating Income | $458.3M | $272.5M | +68.2% |
| Net Income | $368.8M | $211.0M | +74.8% |
CLS Revenue by Segment
When Does Celestica Report Next?
Figures from SEC filings and company reports. Not investment advice.