Celestica raises FY2026 guidance as AI infrastructure demand fuels over 50% revenue growth

Celestica just told Wall Street its previous forecasts were too conservative. The Toronto-headquartered electronics manufacturer raised its full-year 2026 revenue guidance to $20.5 billion, up from $19.0 billion, while bumping adjusted EPS expectations to $11.30 from $10.15. That’s not a minor tweak. That’s an 8% bump to the top line and an 11% improvement on earnings, mid-year. The company’s Q3 outlook landed even further above consensus. Celestica is projecting revenue between $5.25 billion and $5.55 billion for the quarter, comfortably ahead of the roughly $4.995 billion analysts had penciled in. Adjusted EPS guidance of $2.88 to $3.08 also cleared the $2.68 consensus by a wide margin. AI demand is doing the heavy lifting CEO Rob Mionis pointed to one driver above all others: AI infrastructure. The company’s Connectivity & Cloud Solutions segment has been the primary engine, powered by massive capital expenditure programs from hyperscale clients building out data center capacity. Year-over-year revenue growth has exceeded 50% in recent quarters, according to the company. The July 27 earnings report followed a pattern that’s become familiar. Back in April, Celestica had alrea...