Companies /Technology

Celestica Inc

NYSE: CLS Electronic Components
$317.53
â–² $10.21 (+3.32%) today
Markets closed · 4:54pm ET

Q1 2026 Earnings

Reported Apr 27, 2026, 4:23pm ET · SEC source
$2.16
Beat +3.84%
EPS · est. $2.08
$4.0B
Miss −0.02%
Revenue · est. $4.0B
+0.3%
Beating market
CLS vs S&P since report
6 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−6%0+6%Apr 27Apr 28report 4:23pm ETearnings−0.3%−6.8%
−6%0+6%Apr 27Apr 28earnings−0.3%−6.8%
CLS −6.8%S&P 500 −0.3%
−6%0+6%Apr 27Apr 28report 4:23pm ETearnings−0.6%−6.8%
−6%0+6%Apr 27Apr 28earnings−0.6%−6.8%
CLS −6.8%NASDAQ −0.6%
−6%0+6%+12%Apr 27May 5report 4:23pm ETearnings+1.4%+9.4%
−6%0+6%+12%Apr 27May 5earnings+1.4%+9.4%
CLS +9.4%S&P 500 +1.4%
−6%0+6%+12%Apr 27May 5report 4:23pm ETearnings+3.1%+9.4%
−6%0+6%+12%Apr 27May 5earnings+3.1%+9.4%
CLS +9.4%NASDAQ +3.1%
−14.37%
Day of report
+4.15%
Next session
+15.52%
One week
+6.60%
30 days

S&P 500 over the same 30 days: +6.29%.

Did CLS Beat Earnings? Q1 2026 Results

Celestica Inc. delivered a strong first quarter for fiscal 2026, posting adjusted EPS of $2.16 and beating the $2.08 consensus estimate by 3.84%, marking the company's fourth consecutive quarter of topping EPS expectations. Revenue came in at $4.05 billion, essentially in line with estimates and up 52.8% year-over-year, as the Connectivity & Cloud Solutions segment, which grew 76% to $3.24 billion, served as the clear engine of that expansion. Adjusted operating margin widened to 8.0% from 7.1% a year ago, while GAAP net earnings more than doubled to $212.30 million from $86.20 million, reflecting meaningful operating leverage and a favorable profit mix. The momentum has also prompted a substantial lift to the full-year outlook, with management raising its 2026 revenue target to $19.00 billion from $17.00 billion and adjusted EPS guidance to $10.15 from $8.75; a recently announced Co-packaged Optics Ethernet switch program win with a hyperscaler customer further supports the view that 2027 could bring even stronger growth.

Key Takeaways
  • 76% year-over-year CCS segment revenue growth driven by accelerating hyperscaler and data center demand
  • Hardware Platform Solutions revenue grew 63% year-over-year to approximately $1.7 billion
  • Adjusted operating margin expanded to 8.0% from 7.1% due to more favorable mix than anticipated
  • CCS segment margin improved to 8.6% from 8.0%
  • ATS segment margin improved to 6.0% from 5.0% despite flat revenue
  • Adjusted effective tax rate of 19% lower than anticipated 21% due to favorable profit mix

“Celestica delivered a strong first quarter to begin 2026, achieving revenue of $4.05 billion and adjusted EPS (non-GAAP)* of $2.16. Our solid results included adjusted operating margin* of 8.0%, a new milestone for the company.”

Celestica CEO, on the earnings call

Forward Guidance & Outlook

Celestica raised its 2026 annual outlook significantly: revenue now expected at $19.0 billion (up from $17.0 billion), adjusted EPS (non-GAAP) of $10.15 (up from $8.75), and adjusted operating margin of 8.1% (up from 7.8%). Free cash flow outlook remains at $500 million. For Q2 2026, guidance calls for revenue of $4.15 to $4.45 billion, adjusted operating margin of 8.0% at the mid-point, and adjusted EPS of $2.14 to $2.34. The company expects to grow revenue by more than $6.5 billion in 2026 and expects significantly more revenue growth in 2027 due to improved visibility and new program wins.

CLS YoY Financials

Q1 2026 vs Q1 2025 · SEC filings Q1 2025 Q1 2026
$0$2.0B$4.0B$2.6B$4.0BRevenue$273.9M$437.2MGross Profit$128.8M$272.1MOperating Income$86.2M$212.3MNet Income
$0$2.0B$4.0BRevenueGross ProfitOperating IncomeNet Income

CLS Revenue by Segment

Connectivity & Cloud Solutions$3.2B+76.0%
Hardware Platform Solutions$1.7B+63.0%
Advanced Technology Solutions$810.0M+0.0%

Figures from SEC filings and company reports. Not investment advice.