Celestica revenue jumps 83% in Q3 as it forecasts $40 billion in 2027 sales

Celestica is guiding to roughly double its revenue again next year.

The Toronto-based maker of data center hardware said Monday that third-quarter revenue rose 83% from a year earlier to $5.83 billion, and it gave a first look at 2027: revenue of $40.0 billion, up 90%, with adjusted earnings per share of $21.50, according to its earnings release filed with the SEC.

Adjusted EPS, a non-GAAP measure, was $3.30 in the quarter ended Sept. 30, up from $1.58 a year earlier. GAAP EPS was $3.26, compared with $2.31. The company said both revenue and adjusted EPS beat the high end of its own guidance ranges.

"The demand environment continues to be very robust, supporting our 2027 revenue outlook, with customer demand forecasts meaningfully higher for 2028," Chair and CEO Rob Mionis said in the release, pointing to hyperscalers and frontier AI labs as the main customers.

Margins at a record

Adjusted operating margin was 8.5%, up from 7.6% and what the company called another new high. GAAP earnings from operations were 7.9% of revenue, down from 10.2% in the year-ago quarter.

During the quarter Celestica also completed a public stock offering with gross proceeds of $3.45 billion, the release said.

Guidance goes up

Celestica raised its 2026 outlook to $21.0 billion in revenue, from $20.5 billion, and to $11.55 in adjusted EPS, from $11.30. It cut its free cash flow forecast to $460 million from $600 million. The company said the cut mainly reflects working capital spending to support faster growth in 2027.

For the fourth quarter, Celestica expects revenue of $6.275 billion to $6.575 billion and adjusted EPS of $3.37 to $3.57.

The 2027 outlook also calls for a record adjusted operating margin of 9.0% and capital spending of $1.5 billion to $2.0 billion.

By the numbers

• Q3 revenue: $5.83 billion, up 83%
• Q3 adjusted EPS: $3.30, versus $1.58
• Q3 GAAP EPS: $3.26, versus $2.31
• Q4 revenue guidance: $6.275 billion to $6.575 billion
• 2026 revenue outlook: $21.0 billion, previously $20.5 billion
• 2027 revenue outlook: $40.0 billion

Sources

1. Celestica Inc., Form 8-K with earnings release for the third quarter of 2026, filed Oct. 26, 2026 (accession 0001030894-26-000049)

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