Celestica posted Q2 revenue of $4.7 billion, beating consensus by $310 million and representing 62% growth from the same quarter last year. Non-GAAP earnings per share came in at $2.54, topping estimates by $0.23. The company raised its full-year 2026 free cash flow outlook to $600 million, sending the stock up 9% on the day.
A 62% revenue surge is a signal that demand for Celestica's electronics manufacturing services, heavily tied to AI infrastructure buildout, is accelerating well beyond what analysts had priced in. The raised free cash flow guidance tells investors the growth is converting into real money, not just top-line expansion. This adds momentum to the AI hardware supply chain trade and puts pressure on peers like Jabil and Flex to match the narrative.
Celestica does not report again until Q3 earnings, expected in late October 2025. Jabil earnings: September 2025. Flex Ltd earnings: late July 2025.
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