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Live: Will Celestica Crush Q2 Earnings Tonight After the Market Closes?
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CLS reports Q2 2026 earnings today with revenue guidance ranging from $4.15B to $4.45B, while shares have dropped 16% over the past month.
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Analysts carry a $448 price target against today's $305 price, hinging on whether Mionis raises the 2027 revenue floor above $25.5B.
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This live blog is being updated by Thomas Richmond, a 24/7 Wall St. contributor. You’ll get expert analysis of Celestica’s earnings.
Simply stay on this page, and new updates will appear below automatically. We expect Celestica to release earnings shortly after 4:15 p.m. ET.
A Guidance Raise for Celestica Could Send the Stock Higher After Q2 Earnings Tonight
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Celestica reports Q2 2026 earnings after the bell, with management guiding for revenue between $4.15 billion and $4.45 billion. Shares have declined 15.72% over the past month despite the company previously raising its full-year outlook.
Investors will focus on co-packaged optics, the ramp of 1.6-terabit networking switches, and hyperscaler AI orders. Together, those catalysts underpin the company’s 2027 growth thesis and could establish Celestica as one of the most important hardware suppliers behind the next phase of AI infrastructure spending.
Analysts have an average price target of $448 for Celestica versus the recent share price of $305.14. Another guidance increase, or greater confidence in 2027 revenue exceeding $25.5 billion, would validate that multi-year thesis. Anything softer could place further pressure on Celestica’s 37x earnings multiple after the recent pullback.
Celestica (NYSE:CLS | CLS Price Prediction) reports Q2 2026 earnings results today, Monday, July 27, after the close at 4:05 PM ET. The earnings report lands with the stock at $305.14, well off recent highs, testing whether the AI infrastructure story still supports the multiple.
Momentum Meets a Cooling Stock
Last quarter, revenue reached $4.05 billion, up 52.8% YoY, adjusted EPS came in at $2.16, and adjusted operating margin hit a company milestone of 8.0%. CEO Rob Mionis raised the FY 2026 outlook to $19.0 billion in revenue and $10.15 in adjusted EPS.
Yet the stock closed the earnings day down 14.37% and has since drifted lower. Options positioning is skewed bullish, with a full-chain put/call ratio of 0.25. Composite sentiment sits at 60.96, bullish with medium confidence.
Consensus Estimates
| Metric | Q2 2026 Guide | YoY Change | FY 2026 Guide | FY 2027 Floor |
|---|---|---|---|---|
| Revenue | $4.15B to $4.45B | +49% | $19.0B | ~$25.5B |
| Adj. EPS | $2.14 to $2.34 | +61% | $10.15 | N/A |
Sell-side consensus for Q2 EPS sits at $2.12, just below the guidance floor. That setup rewards operating leverage but leaves little room for a revenue miss inside the CCS segment.
Margins, Supply, and the 2027 Signal
Tonight, I’ll be watching four things closely. First, CCS segment growth. The segment grew 76% YoY in Q1 on 800G hyperscaler ramps. Guidance implies CCS Enterprise growing ~130% in Q2, gated last quarter by component constraints.
Second, margin trajectory. The company raised full-year adjusted operating margin to 8.1%. CFO Mandeep Chawla flagged “input costs that are going up materially, whether it be memory or whether it be silicon,” so mix and leverage need to offset that pressure.
Third, 2027 program visibility. Mionis said “our outlook for 2027 has strengthened compared to just 90 days ago,” backed by 10 active 1.6T programs and the CPO Ethernet switch win using Broadcom Tomahawk 6 silicon.
Fourth, capital intensity. The 2026 CapEx plan is about $1 billion, with 2027 CapEx placeholdered at about $1.5 billion. Analysts will be looking at whether the $500 million free cash flow target holds.
Earnings History
| Quarter | EPS Surprise | Day-Of Move | 1-Week Move | 30-Day Move |
|---|---|---|---|---|
| Q1 2026 | +3.84% | -14.37% | +15.52% | +6.60% |
| Q4 2025 | +7.26% | -13.10% | -1.70% | -14.35% |
| Q3 2025 | +6.03% | +8.16% | +2.86% | +5.50% |
| Q2 2025 | +12.65% | +16.51% | -2.72% | +5.11% |
On average, shares moved +3.92% seven days after earnings over the past year.
Contact [email protected] for any questions or corrections.
Thomas Richmond is a financial writer and content strategist with 5+ years of experience covering stocks and financial markets. He has published over 250 articles focused on individual stock analysis, helping investors better understand business fundamentals, stock valuations, and long-term opportunities.
Thomas previously served as a Content Lead at TIKR, a stock research platform, where he helped scale the company’s blog to hundreds of articles per month and contributed to a weekly newsletter reaching more than 100,000 investors.
He specializes in breaking down complex companies into clear, actionable insights for everyday investors, with a focus on fundamentals-driven research.
His work has also been featured on platforms including Seeking Alpha and Sure Dividend.
Outside of work, Thomas enjoys weight lifting and soccer.
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