CLS

Research · Sep 3, 2026

[CLS] Celestica Thesis 2026: Hyperscale Power Systems Surge Defines New Business Identity

Celestica FY25 (Dec 31, 2025) at $12.61B revenue (+31%). NI $847M; EPS $7.29 (+102%); adj EPS $6.05 (+56%). Q4 CCS segment $2.86B (+64%); HPS sub-segment $1.4B (+72%). Q4 ATS 5.3% margin / CCS 8.4% margin. FY26 guide raised meaningfully: revenue $17B (+35%), adj EPS $8.75 (+45%), FCF $500M. CCS revenue ~50% growth FY26.