Celestica (NYSE:CLS) Announces Earnings Results

Celestica (NYSE:CLS) (TSE:CLS) issued its earnings results on Monday. The technology company reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.12, Zacks reports. Celestica had a return on equity of 36.91% and a net margin of 6.95%. Celestica updated its FY 2026 guidance to 11.300-11.300 EPS and its Q3 2026 guidance to 2.880-3.080 EPS.

Celestica Trading Up 5.2%

Shares of CLS stock traded up $15.78 during trading hours on Monday, hitting $321.06. The company had a trading volume of 4,663,000 shares, compared to its average volume of 2,339,658. The company’s fifty day moving average is $362.06 and its 200 day moving average is $332.50. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 0.73. Celestica has a fifty-two week low of $169.19 and a fifty-two week high of $474.02. The stock has a market capitalization of $36.91 billion, a PE ratio of 38.82, a price-to-earnings-growth ratio of 0.71 and a beta of 2.05.

Key Stories Impacting Celestica

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Q2 earnings beat expectations: Celestica reported adjusted earnings of $2.41 per share, exceeding the analyst consensus of $2.29. Management said second-quarter revenue and adjusted EPS were above the high end of its previously issued guidance ranges. Celestica Announces Second Quarter 2026 Financial Results
• Positive Sentiment: Upbeat third-quarter outlook: Celestica forecast third-quarter 2026 EPS of $2.88 to $3.08, above the $2.65 consensus estimate. Revenue is expected to reach $5.3 billion to $5.6 billion, compared with analysts’ $5.0 billion forecast.
• Positive Sentiment: 2026 guidance raised: Full-year EPS guidance was set at $11.30, well above the $10.13 consensus estimate, while revenue guidance of $20.5 billion also exceeded the $19.2 billion analyst forecast. The higher outlook reinforces expectations for accelerating growth into 2027.
• Positive Sentiment: Elevated call-option activity: Investors purchased 13,556 call options, 16% above the average daily volume. Although options activity is not a fundamental result, the increase indicates heightened bullish interest and expectations for further share-price volatility.
• Neutral Sentiment: Investor attention was already elevated: Celestica was highlighted among stocks to watch ahead of its earnings report, while the broader earnings calendar was viewed as an important test for markets. These items provide context but do not materially change the company’s fundamentals.

Insider Buying and Selling

In related news, CFO Mandeep Chawla sold 17,000 shares of Celestica stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $399.65, for a total value of $6,794,050.00. Following the completion of the sale, the chief financial officer owned 82,444 shares in the company, valued at approximately $32,948,744.60. This trade represents a 17.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael Max Wilson sold 4,168 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $333.31, for a total value of $1,389,236.08. Following the completion of the sale, the director directly owned 24,718 shares in the company, valued at approximately $8,238,756.58. The trade was a 14.43% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 161,168 shares of company stock valued at $63,190,485. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Celestica

Institutional investors have recently modified their holdings of the company. Invesco Ltd. lifted its stake in Celestica by 6.0% during the 4th quarter. Invesco Ltd. now owns 469,252 shares of the technology company’s stock worth $138,716,000 after acquiring an additional 26,532 shares in the last quarter. Corient Private Wealth LLC grew its position in Celestica by 16.3% in the 4th quarter. Corient Private Wealth LLC now owns 9,348 shares of the technology company’s stock valued at $2,764,000 after acquiring an additional 1,308 shares in the last quarter. Strive Financial Group LLC purchased a new stake in Celestica during the fourth quarter worth about $213,000. Mercer Global Advisors Inc. ADV increased its stake in Celestica by 1,570.6% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 52,876 shares of the technology company’s stock worth $15,631,000 after purchasing an additional 49,711 shares during the period. Finally, State of Tennessee Department of Treasury acquired a new stake in shares of Celestica during the fourth quarter worth about $17,994,000. 67.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of Celestica from $410.00 to $425.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Bank of America raised their target price on Celestica from $400.00 to $430.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. TD Cowen upgraded Celestica from a “hold” rating to a “buy” rating and lifted their target price for the company from $350.00 to $430.00 in a research report on Wednesday, April 29th. Royal Bank Of Canada upped their price target on Celestica from $400.00 to $440.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $475.00 price target on shares of Celestica in a report on Tuesday, April 28th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $427.42.

About Celestica

Celestica Inc is a multinational electronics manufacturing services (EMS) company that provides design, engineering, manufacturing and supply chain solutions to original equipment manufacturers across a range of industries. Headquartered in Toronto, Ontario, Canada, Celestica works with customers to develop and produce complex electronic and electro-mechanical products, integrating activities from product design and prototyping through high-volume assembly, testing and final system integration.

The company’s service offering typically includes product engineering and design support, printed circuit board assembly, box-build and systems assembly, automated test and inspection, aftermarket repair and refurbishment, and end-to-end supply chain and logistics management.