Celestica (CLS) Q1 2026 Earnings
How Did CLS Stock React to Q1 2026 Earnings?
S&P 500 over the same 30 days: +6.29%.
Did CLS Beat Earnings? Q1 2026 Results
Yes. Celestica reported Q1 2026 earnings of $2.16 a share on Apr 27, 2026, beating the $2.08 consensus estimate by 3.8%. Revenue was $4.0B against a $4.0B estimate.
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.
- 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
What Was Celestica's Outlook in Q1 2026?
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
| Metric | Q1 2026 | Q1 2025 | Year over year |
|---|---|---|---|
| Revenue | $4.0B | $2.6B | +52.8% |
| Gross Profit | $437.2M | $273.9M | +59.6% |
| Operating Income | $272.1M | $128.8M | +111.3% |
| Net Income | $212.3M | $86.2M | +146.3% |
CLS Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.