Celestica's quarterly revenue rises 83% to $5.83bn on AI data-centre hardware, and it guides to $40bn for 2027
The maker of servers and networking gear for hyperscalers raises its 2026 outlook to $21.0bn but cuts its free-cash-flow forecast, and has completed a $3.45bn share offering.
Celestica reported on Monday 26 October that its revenue for the third quarter of 2026 rose 83% to $5.83bn, from $3.19bn a year earlier. Its Connectivity & Cloud Solutions segment, which makes compute, storage and networking hardware for data centres, grew 102% to $4.87bn. Adjusted earnings per share were $3.30, against $1.58.
The company raised its 2026 revenue outlook to $21.0bn from $20.5bn. It cut its free-cash-flow outlook to $460m from $600m, mainly because of working capital it needs to support growth in 2027. It also gave its first outlook for 2027: “revenue of $40.0 billion, up 90%”, with $1.5bn to $2.0bn of capital spending. In the quarter it “completed the previously announced public offering for aggregate gross proceeds of $3.45 billion.”
The release says Celestica is “well-positioned to continue to support leading hyperscalers and frontier AI labs”. The company holds an investor day on Tuesday 27 October.
Celestica builds compute, storage and networking hardware that cloud companies and AI labs buy for their data centres, so its outlook is an early read on their spending plans for 2027.
- Confirmed Third-quarter revenue of $5.83bn, up 83% from $3.19bn; the CCS segment up 102% to $4.87bn. Celestica, third-quarter 2026 results (SEC exhibit)
- Claimed Initial 2027 outlook of $40.0bn of revenue, up 90%; 2026 outlook raised to $21.0bn; free-cash-flow outlook cut to $460m from $600m. Celestica, third-quarter 2026 results (SEC exhibit)
- Confirmed Completed a public offering for gross proceeds of $3.45bn. Celestica, third-quarter 2026 results (SEC exhibit)
Today in the October 27, 2026 edition · front page