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Celestica

Celestica (CLS) Q2 2026 Earnings

Reported Jul 27, 2026 at 4:44 PM ET · SEC Source

Q2 26 EPS

$2.54

BEAT +10.04%

Est. $2.31

Q2 26 Revenue

$4.70B

BEAT +7.02%

Est. $4.39B

vs S&P Since Q2 26

-0.4%

TRAILING MARKET

CLS +3.9% vs S&P +4.4%

Market Reaction

Did CLS Beat Earnings? Q2 2026 Results

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. Investors watching… Read more 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. Investors watching closely 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.

Key Takeaways

  • • 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%

CLS Forward Guidance & 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.

24/7 Wall St

CLS YoY Financials

Q2 2026 vs Q2 2025, source: SEC Filings

24/7 Wall St

CLS Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q2 26

“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.”

— Rob Mionis, Q2 2026 Earnings Press Release

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