Celestica, Inc. - Ordinary Shares (Subordinate Voting)
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+ FollowMarket Cap$28.48B
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Earnings Call Q3 2026
October 27, 2026 - AI Summary
Q3 results: strong beat on growth + margins; record profitability
- Revenue $5.83B, +83% YoY, above the high end of guidance.
- Non-GAAP operating margin 8.5%, +90 bps YoY, highest quarterly non-GAAP operating margin in Celestica’s history.
- Adjusted EPS $3.30, up $1.72 (+109% YoY), above the high end of guidance.
- Adjusted gross margin 11.2% (-50 bps YoY) due largely to CCS mix (important “bad/surprise” offset to earnings strength).
Segment performance + demand signals: CCS explosion, ATS also solid
- CCS revenue $4.9B (+102% YoY) = 84% of total company revenue.
- Networking: +68% YoY, better than outlook (~60%), driven by 800G ramps + early volumes on 1.6T programs + demand in 400G.
- Compute & Storage: +242% YoY, ahead of outlook (~190%), driven by hyperscale/AI compute ramp and stronger storage demand.
- Hyperscale Products (HPS): $2.3B (+70% YoY); 1.6T and 800G switch programs across hyperscalers.
- ATS revenue $957M (+23% YoY), above outlook (“mid-teens” expected); margin 6.6% (+110 bps) from mix + leverage.
Guidance/forecasts: Q4 momentum and upgraded full-year outlook
- Q4 2026 revenue: $6.275B–$6.575B (+76% YoY at midpoint).
- Q4 adjusted EPS: $3.37–$3.57 (+84% YoY at midpoint); assumes ~127M diluted shares.
- Q4 adjusted operating margin expected 8.7% (about +100 bps at midpoint).
- Full-year 2026 outlook raised:
- Revenue $21.0B (from $20.5B), +69% growth.
- Adjusted EPS $11.55 (from $11.30), +91% growth.
- Full-year non-GAAP operating margin 8.4% unchanged.
- Free cash flow outlook lowered to ~$460M (from $600M) due to targeted working capital investments to support accelerating 2027 growth.
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$67.32
71.5% downside
Current Fair Value
71.5% downsideOvervalued by 71.5% based on the discounted cash flow analysis.
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Share Statistics
| Market cap | $28.48 Billion |
|---|---|
| Enterprise Value | $28.96 Billion |
| Earnings per Share | $7.35 |
| Beta | 1.46 |
| Outstanding Shares | 120,500,000 |
Return
| Return on Equity | 50.41% |
|---|---|
| Return on Assets | 12.77% |
| Return on Invested Capital | 42.51% |
Valuation & Multiples
| P/E Ratio | 24.72 |
|---|---|
| PEG | 49.45 |
| Price to Sales | 1.57 |
| Price to Book Ratio | 11.82 |
| Enterprise Value to Revenue | 1.58 |
| Enterprise Value to EBIT | 18.88 |
| Enterprise Value to Net Income | 23 |
| Total Debt to Enterprise | 0.03 |
| Debt to Equity | 0.41 |
Revenue Sources
No data
Last Earnings Call
Report Date
October 26, 2026
EPS Estimate
$2.93
Consensus analyst estimateRevenue Estimate
$5.39 B
Consensus analyst estimateNext Earnings Call
Expected Date
January 27, 2027
EPS Estimate
$3.53
Consensus analyst estimateRevenue Estimate
$6.47 B
Consensus analyst estimateInstitutional Put/Call Ratio
Compares institutional put options with call options. At 0.77, the ratio is below 1, so institutions hold more calls than puts.
| Put/Call Ratio | 0.7712▼ 4.26% |
|---|---|
| Total Calls | 11,800▼ 99.72% |
| Total Puts | 9,100▼ 99.73% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 2.09%▼ 67.29% |
|---|---|
| Total Invested | $883.37M▼ 96.97% |
| Investors Holding | 301▼ 639.00% |
About Celestica, Inc.
23,803 employees
CEO: Robert Mionis
Celestica Inc., together with its subsidiaries, provides supply chain solutions in Asia, North America, and internationally. It operates through two segments, Advanced Technology Solutions, and Connectivity and Cloud Solutions. The compa...