CLS
Celestica Inc.

Celestica Inc.CLS

Technology · Electronic Components
206.68USD
+0.51%
Nov 08, 2026
CLS overview ready
Design and manufacturing partner for hyperscale AI compute hardware
Celestica is a design, manufacturing, hardware-platform and supply-chain partner for complex data-center systems.
Primary theme is lagging
AI Infrastructure is lagging (-29.6pp vs SPY over 21 sessions; 0 of 16 members ahead of SPY).
Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
Attractive valuation
Current market expectations look undemanding relative to how much growth and cash flow it delivers per turn of revenue multiple.
Unremarkable fundamentals
Primary risk
Exposure to cyclical technology capital spending.
Market Nov 6Filing Sep 30Price action Nov 7Research Sep 30

Conviction Level

PriceAction1.4BusinessPerformance7.0BusinessQuality7.9Valuation8.7ThemeMomentum1.0Improving — Revenue growth has accelerated across 4 consecutive quarters, rising from +44% to +83% year over year. Diluted EPS is up 41% year over year ($3.26), but growth has slowed from +147%. — From filed financial statements. Describes the recent trajectory of the business, not the stock. 20 of the 100 Conviction points.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
vs SPY
−29.6pp
Theme return
−34.5%
Beating SPY
0 of 16
21 sessions to Nov 6, 2026 · Theme Leadership V2
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
EntryDamaged / breakdown

The technical structure itself is broken across timeframes — the weakest entry profile.

Key Financials

Market Cap
$26.1B
Avg Volume (60D)
2.8M
60 sessions
Revenue Growth YoY
+28.5%
FY2025 vs FY2024
Gross Margin
+11.5%
Trailing twelve months
Operating Margin
+8.3%
Trailing twelve months
Free Cash Flow Yield
+2.1%
Distance from 200DMA
-37.4%
Next Earnings
2027-01-27
P/E
20.9x
EV / EBITDA
13.6x
EV / Sales
1.3x
Market metrics as of Nov 6, 2026
Financial results for the period ended Sep 30, 2026
Filed balance-sheet data as of Sep 30, 2026

Business Performance

Improving

Revenue growth has accelerated across 4 consecutive quarters, rising from +44% to +83% year over year. Diluted EPS is up 41% year over year ($3.26), but growth has slowed from +147%.

Latest reported: Q3 FY2026, ended Sep 30
Revenue growthAccelerating
+83%
$5.83B in Q3 FY2026 · YoY
YoY growth, last 4 quarters
  1. +44%
  2. +53%
  3. +62%
  4. +83%
Earnings growthSlowing
+41%
Diluted EPS $3.26 vs $2.31 a year earlier · GAAP
Diluted EPS YoY (GAAP), last 4 quarters
  1. +79%
  2. +147%
  3. +74%
  4. +41%
Operating marginStable
7.9%
-2.3 pp YoY · gross margin 11.0% (-2.0 pp)
The share count is rising

Business Quality

7.9 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

Two of the three valuation perspectives say cheap; peers is the dissenting view.
Celestica Inc. has a Cheap valuation stance because current market expectations look undemanding relative to how much growth and cash flow it delivers per turn of revenue multiple.

Company Research

Thesis
Celestica is a design, manufacturing, hardware-platform and supply-chain partner for complex data-center systems. Its Connectivity & Cloud Solutions business is participating in hyperscaler deployments of AI/ML compute hardware and high-speed 800G/1.6T switching platforms, including a co-packaged-optics switch program.
Opportunity
Moderate opportunity
Accelerator-cluster spending on high-bandwidth switching, optical interconnect, signal integrity and rack-scale network systems required to scale AI training and inference fabrics.
Key risk
Exposure to cyclical technology capital spending.

Economic classification

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Business & Markets

Technology · Electronic Components
What they do

Celestica Inc. provides supply chain solutions including design, manufacturing, assembly, testing, and logistics services for electronic components and complex hardware platforms across Asia, North America, and internationally.

How it earns

The company generates revenue primarily through project-based manufacturing and supply chain service contracts.

Products & services
Electronics manufacturing and assembly
Design and development services
Component sourcing
Testing and mechanical assembly
Systems integration
Precision machining
Logistics and asset management
After-market repair
Customers & end markets
Hyperscale cloud providers
Data center operators
Technology hardware companies
Market position

A specialized design and manufacturing partner focused on complex data-center and cloud infrastructure hardware.

Demand drivers
Medium cyclicality

Demand is tied to technology investment cycles and hyperscaler capital expenditures, which can be variable.