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Celestica Inc (CLS) stock

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NYSE: CLS NYSE Electronic Manufacturing Services Next results ~January 27, 2027

B+ Fundamentals grade

Celestica Inc is a US-listed company in the electronic manufacturing services industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$350

Cash-flow model

Base case. Range ~$280–$440 across our lower- and higher-growth cases (8%–18% a year).

Price vs value

Undervalued

The price is below our entire value range; our base value is 41% above it.

Price used: $249.22, November 2, 2026

Celestica Inc valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter Celestica files

Where Celestica stands after its latest 10-Q

Revenue for the twelve months to September 2026 was $18.2bn, up 61.6% on a year earlier, faster than the 47.3% growth a quarter earlier. That growth ranks 1 of 11 among the electronic manufacturing services companies we cover. Free-cash-flow margin held at 3.0%. Against its peers on growth, profitability, cash generation and balance sheet, it grades B+. It passes 6 of our 6 financial-health checks. Our cash-flow model value is $347 a share, against a share price of $266.

Source: 10-Q filed October 26, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 27, 2027 (estimated)

Celestica Inc's trailing-twelve-month revenue grew 61.6% year on year, with a free-cash-flow margin of 3.0%. Where it stands out: revenue growth of 61.6% ranks 1 of 12 electronic manufacturing services companies we cover. Where it lags: change in share count of 0.8% ranks 11 of 12 electronic manufacturing services companies we cover.

Our discounted-cash-flow model values the business at ~$350 per share in the base case (~$280–$440 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Balance sheet growing far ahead of sales: Total assets grew 129% year over year while revenue grew 62% — the balance sheet is expanding 68 points faster than the business it supports.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Priced below our value. The share price of $249.22 is 41% below our value per share of $350.
  • Fast growth. Revenue grew 61.6% over the last 12 months, against a median of 16.5% for electronic manufacturing services companies we cover.
  • Growth speeding up. The growth rate is 14.3 points higher than a quarter earlier.
  • Net cash. Cash exceeds long-term debt by $3.2bn.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Volatile shares. Over the past year the shares showed annualised volatility of 79% and a beta of 3.4 against the S&P 500.
  • Insiders selling. 8 insiders sold $254M of stock over the past 365 days and none bought (59% under pre-set trading plans).
  • Weak cash conversion. Free cash flow was 44% of net income over the last 12 months.
  • Below peers: change in share count. Change in share count of 0.8% ranks 11 of 12 electronic manufacturing services companies we cover (median -0.7%).

Latest results: FY2026 Q3

Filed October 26, 2026
Earnings per share
$3.30 against an average estimate of $2.96: beat by 11.5%
Revenue
$5.83bn, up 82.5% on a year earlier
Share reaction
+6.4% in the first session after the results on October 26, 2026, against +1.3% for the S&P 500
Guidance given
revenue $6.28bn to $6.58bn (Q4 2026); adjusted operating margin (non-GAAP)* 8.7% (Q4 2026)
Next report
October 26, 2026; average EPS estimate $3.51

Celestica's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-6.1%
  • 1 week+1.0%
  • 1 month-35.7%
  • This year-15.7%
  • 1 year-27.7%
  • 5 years+2246.7%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$18.2B
Operating margin
8.3%
Net margin
6.8%
EPS (TTM, diluted)
$10.61

Growth

Revenue growth
+61.6%
Change in growth rate
+14.3 pts
Share count change
+0.8%

Cash

Free cash flow (TTM)
$545M
FCF margin
3.0%
Stock pay % of revenue
0.5%

Earnings

Last results
October 26, 2026
Next results (est.)
January 27, 2027

News & updates

Updated November 1, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Announcement
  3. Results
  4. Guidance
  5. Insider trade
  6. Insider trade
  7. Leadership
  8. Insider trade
  9. Agreement
  10. Insider trade
  11. Results
  12. Leadership

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Celestica Inc valuation models and calculator

What the price is pricing in

The share price implies about 21.8% a year of cash-flow growth for five years.

  • Priced in21.8%
  • Last 12 months61.6%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($262.73, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Buy12-month view
12-month price target
~$350
Price used
$262.73close November 3, 2026
Implied change
▲ +34%
Uncertainty
Low

How we got here: a discounted-cash-flow model of Celestica Inc's free cash flow after stock-based pay with after-tax interest added back ($579M, FY2026 Q3 TTM), growing 71.7% and 37.3% in the next two years (forecasts, guidance and its record), then back to 13% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$280–~$440 ; that spread sets a 15% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Celestica Inc's free cash flow after stock-based pay ( $579M, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Celestica Inc as an operating company, with every model that fits that kind of business. Cost of equity 12.6%: the 10-year Treasury yield (4.9%) plus a beta of 1.71 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$350 ~$280–$440 Primary model, counts double
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$320 ~$190–$430 Included
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$300 ~$260–$330 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$270 ~$200–$370 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$160 ~$150–$180 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$290 ~$160–$350 5 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Celestica Inc with Electronic Manufacturing Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −21%
  • Revenue growth 5 points higher ▲ +27%
  • Free-cash-flow margin 1 point lower ▼ −27%
  • Last year's free-cash-flow margin change, if it persists ▼ −13%
  • Discount rate 1 point higher ▼ −14%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $94$118$151$194$249$322
8.5% $78$95$119$150$189$241
10% $68$82$100$123$154$192

Valuation multiples over time Market data may be delayed

At fiscal year end 2022202320242025Now
Share price$11.27$29.28$92.30$295.61$249.22
Market value$1.4bn$3.5bn$11.0bn$34.3bn$29.3bn
+ Net debt (− = net cash)−$375m$305m$373m$181m−$3.1bn
Enterprise value$1.0bn$3.8bn$11.3bn$34.5bn$26.1bn
Multiples
Price / sales 0.2x0.4x1.1x2.8x1.6x
Price / earnings 7.7x14.4x25.6x41.3x23.5x
Price / free cash flow 13.6x17.5x36.2x75.0x53.7x
EV / EBITDA 2.5x8.2x15.1x28.4x15.5x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $11.56 +91% $21.0bn +70%
Next $21.76 +87% $40.2bn +91%

Next year's EPS estimate has moved +11.4% in 90 days, across 7 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +1.6% on 90 days ago. In the last 30 days, 17 analysts raised Celestica Inc's forecast and 1 cut it.

Consensus EPS forecast Celestica Inc, last 90 days
$10.00 $15.00 $20.00 $25.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $11.38 Current fiscal year, 60 days ago: $11.22 Current fiscal year, 30 days ago: $11.20 Current fiscal year, 7 days ago: $11.18 Current fiscal year, Now: $11.56 $11.56 Next fiscal year, 90 days ago: $19.53 Next fiscal year, 60 days ago: $19.36 Next fiscal year, 30 days ago: $19.36 Next fiscal year, 7 days ago: $19.36 Next fiscal year, Now: $21.76 $21.76

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $11.38$19.53
60 days ago $11.22$19.36
30 days ago $11.20$19.36
7 days ago $11.18$19.36
Now $11.56$21.76

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $2.96 $3.30 +11.5%
Jun 2026 $2.31 $2.54 +10.0%
Mar 2026 $2.12 $2.16 +2.1%
Dec 2025 $1.76 $1.89 +7.3%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 26, 2026
  • Revenue 2026 about $21bn Raised
    “Revenue of $21.0 billion (previous outlook $20.5 billion) (1)” source
  • Revenue 2027 about $40bn New
    “Revenue of $40.0 billion” source
  • Revenue Q4 2026 $6.275bn to $6.575bn
    “Revenue (in billions) $6.275 to $6.575” source
  • Adjusted EPS (non-GAAP)* 2026 about $11.55 Non-GAAP Raised
    “Adjusted EPS (non-GAAP)* of $11.55 (previous outlook $11.30) (1)” source
  • Adjusted EPS (non-GAAP)* 2027 about $21.50 Non-GAAP New
    “Adjusted EPS (non-GAAP)* of $21.50 (1)” source
  • Adjusted EPS (non-GAAP)* Q4 2026 $3.37 to $3.57 Non-GAAP
    “Adjusted EPS (non-GAAP)* (1) $3.37 to $3.57” source
Show 7 more items
  • Adjusted operating margin (non-GAAP)* 2026 about 8.4% Non-GAAP Maintained
    “Our previous adjusted operating margin (non-GAAP)* outlook of 8.4% remains unchanged.” source
  • Adjusted operating margin (non-GAAP)* 2027 about 9% Non-GAAP New
    “Adjusted operating margin (non-GAAP)* of 9.0%” source
  • Adjusted operating margin (non-GAAP)* Q4 2026 about 8.7% Non-GAAP
    “Adjusted operating margin (non-GAAP)* 8.7% at the mid-point of our revenue and adjusted EPS (non-GAAP) guidance ranges” source
  • Free cash flow (non-GAAP)* 2026 about $460m Non-GAAP Lowered
    “Free cash flow (non-GAAP)* of $460 million (previous outlook $600 million) (2)” source
  • Capital expenditures 2027 $1.5bn to $2bn New
    “Capital expenditures of between $1.5 billion and $2.0 billion” source
  • Adjusted effective tax rate (non-GAAP)* 2027 about 21% Non-GAAP New
    “2027 guidance assumes an adjusted effective tax rate (non-GAAP)* of approximately 21%.” source
  • Adjusted effective tax rate (non-GAAP)* Q4 2026 about 20% Non-GAAP
    “Q4 2026 guidance assumes an adjusted effective tax rate (non-GAAP)* of approximately 20%.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Celestica Inc's revenue by +71.7% next year and +37.3% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+94.8%, weight 48%) , management guidance (+75.8%, weight 31%) and the company's own record (+13.0%, weight 21%) . How the weights are set.

Analyst recommendations

21 analysts, Oct 2026
Buy21100%
Hold00%
Sell00%

Monthly trend

  1. Oct 202651621
  2. Sep 202651722
  3. Aug 202651520
  4. Jul 202641520

Counts of recommendations published by analysts covering Celestica Inc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
3.4%
of tradable shares
Days to cover
1.94
at average volume
Short interest, 1 month
+8%
to October 15, 2026
Held by institutions
68%
of shares
Held by insiders
1.0%
of shares
Employees
23,803
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −27.7%

$344.48 on October 31, 2025 to $249.22

ThenNowEffect
Revenue (last 12 months) $10.6bn $15.6bn +47.3%
Net margin 5.1% 7.2% +40.8%
P/E multiple 75.0x 25.9x −65.5%
Share count 117m 116m +1.1%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
CLS+38%+1%+160%+215%+220%−16%
Industry peers (median)+33%+3%+6%+11%+52%+1%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
CLS67%50%67%75%58%27%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
CLS−24%−36%−22%−35%−54%−48%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 81% from April 10, 2017 to March 18, 2020. Getting back needed a 416% gain, reached on June 20, 2023, 1189 days after the low.

Price behaviour

52-week range
$246.65 – $472.40
From 52-week high
−47.2%
vs 50-day average
−23.0%
vs 200-day average
−24.9%
Volatility (1 year)
79%
Beta vs S&P 500
3.38

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 2 down
typical move ±11.7%
After a week
6 up, 2 down
typical move ±15.7%
After a month
5 up, 2 down
typical move ±15.1%
Results releasedNext dayS&P 500 next day5 days21 days
October 26, 2026 +6.4% +1.3% −4.1% —
July 27, 2026 +14.7% +0.3% +12.0% +0.5%
April 27, 2026 −11.9% −0.3% +2.6% −12.8%
January 28, 2026 −10.0% −0.2% −17.2% −16.7%
October 27, 2025 +10.1% +1.4% +17.7% +10.5%
July 28, 2025 +18.7% −0.3% +18.3% +16.7%
April 24, 2025 +1.0% +2.8% +1.2% +35.5%
January 29, 2025 +20.8% +0.1% +52.1% +13.3%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Celestica Inc’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Implied vs realised volatility

Options look fairly priced

Implied volatility is within its normal range against realised. Selling options earns the usual premium, nothing extra.

  • Implied is 1.07× the last 60 days’ realised volatility , richer than 27% of the 229 stocks we screen today.
  • Why: implied is not far enough above realised, or not unusual against our coverage.

Our rule for “rich”: implied at least 1.2× 60-day realised (beyond measurement noise), above 1-year realised (not just a calm spell), and in the top 20% of our coverage that day. Never with results inside the option’s life. These are our conventions, built on research showing option prices usually imply more movement than follows, most when the gap is wide. How we judge this.

CLS Celestica Inc Grade B+ $248.32

Sell the $235 put expiring November 27, 2026 (25 days) for $12.90 a share — $1,290 per contract.

Previous session · Bid $12.90, ask $15.60, quoted Mon 2 Nov, 17:18 New York time with CLS at $248.32. Option prices move with the shares: check the live chain at your broker before trading.

  • If CLS ends above $235: you keep the $1,290 — 5.5% on the $23,500 set aside, or 80.1% a year at that pace.
  • If it ends below $235: you buy 100 shares at an effective $222.1, 11% below today's price and 37% below our value of ~$350.
$1.3k $0 −$4.4k Break-even $222.1 Price $248.32 Our value ~$350 →
Profit or loss per contract at expiry, by share price.
Premium
$1,290
Annualised
80.1%
Break-even
$222.1
Max gain
$1,290
Chance of buying
~35%

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Celestica Inc in five measures

Fundamentals grade B+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Celestica Inc
$5B $10B $15B $20B FY24 Q4 FY25 Q2 FY25 Q4 FY26 Q3 Revenue (TTM), FY24 Q4: $9.6B Revenue (TTM), FY25 Q1: $10.1B Revenue (TTM), FY25 Q2: $10.6B Revenue (TTM), FY25 Q3: $11.3B Revenue (TTM), FY25 Q4: $12.4B Revenue (TTM), FY26 Q1: $13.8B Revenue (TTM), FY26 Q2: $15.6B Revenue (TTM), FY26 Q3: $18.2B $18.2B

Source: SEC EDGAR filings. Retrieved October 31, 2026.

View chart data
Period Revenue (TTM)
FY24 Q4 $9.6B
FY25 Q1 $10.1B
FY25 Q2 $10.6B
FY25 Q3 $11.3B
FY25 Q4 $12.4B
FY26 Q1 $13.8B
FY26 Q2 $15.6B
FY26 Q3 $18.2B
Revenue growth, TTM YoY Celestica Inc
20% 30% 40% 50% 60% 70% FY25 Q4 FY26 Q1 FY26 Q2 FY26 Q3 Revenue growth, TTM YoY, FY25 Q4: 28.5% Revenue growth, TTM YoY, FY26 Q1: 36.7% Revenue growth, TTM YoY, FY26 Q2: 47.3% Revenue growth, TTM YoY, FY26 Q3: 61.6% 61.6%

Source: SEC EDGAR filings. Retrieved October 31, 2026.

View chart data
Period Revenue growth, TTM YoY
FY25 Q4 28.5%
FY26 Q1 36.7%
FY26 Q2 47.3%
FY26 Q3 61.6%
Operating margin (TTM) Celestica Inc
5% 6% 7% 8% 9% FY24 Q4 FY25 Q2 FY25 Q4 FY26 Q3 Operating margin (TTM), FY24 Q4: 6.2% Operating margin (TTM), FY25 Q1: 6.0% Operating margin (TTM), FY25 Q2: 7.0% Operating margin (TTM), FY25 Q3: 8.2% Operating margin (TTM), FY25 Q4: 8.4% Operating margin (TTM), FY26 Q1: 8.6% Operating margin (TTM), FY26 Q2: 8.8% Operating margin (TTM), FY26 Q3: 8.3% 8.3%

Source: SEC EDGAR filings. Retrieved October 31, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q4 6.2%
FY25 Q1 6.0%
FY25 Q2 7.0%
FY25 Q3 8.2%
FY25 Q4 8.4%
FY26 Q1 8.6%
FY26 Q2 8.8%
FY26 Q3 8.3%
FCF margin (TTM) Celestica Inc
2.8% 3% 3.2% 3.4% 3.6% 3.8% FY24 Q4 FY25 Q2 FY25 Q4 FY26 Q3 FCF margin (TTM), FY24 Q4: 3.1% FCF margin (TTM), FY25 Q1: 3.3% FCF margin (TTM), FY25 Q2: 3.6% FCF margin (TTM), FY25 Q3: 3.5% FCF margin (TTM), FY25 Q4: 3.7% FCF margin (TTM), FY26 Q1: 3.6% FCF margin (TTM), FY26 Q2: 3.3% FCF margin (TTM), FY26 Q3: 3.0% 3.0%

Source: SEC EDGAR filings. Retrieved October 31, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q4 3.1%
FY25 Q1 3.3%
FY25 Q2 3.6%
FY25 Q3 3.5%
FY25 Q4 3.7%
FY26 Q1 3.6%
FY26 Q2 3.3%
FY26 Q3 3.0%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 20-F. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Celestica took in during FY2025, followed through to profit: what it cost to make, what went on research and running the business, and what was left after tax.

  1. Revenue $12.4B
  2. Cost of revenue $10.9B · 87.9%
  3. Gross profit $1.5B · 12.1%
  4. Research and development $118M · 1.0%
  5. Selling, general and admin $260M · 2.1%
  6. Other operating costs $75.3M · 0.6%
  7. Operating income $1B · 8.4%
  8. Income tax $151M · 1.2%
  9. Net income $833M · 6.7%

Shares of revenue. Source: Celestica's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 7.3 8.0 9.6 12.4 18.2
Gross profit 0.6 0.8 1.0 1.5 2.1
EBITDA 0.4 0.5 0.8 1.2 1.7
Operating income 0.3 0.3 0.6 1.0 1.5
Net income 0.2 0.2 0.4 0.8 1.2
Diluted EPS $1.46 $2.03 $3.61 $7.16 $10.61
Growth (year on year)
Revenue — +9.8% +21.2% +28.5% +61.6%
EBITDA — +15.8% +60.1% +61.9% +54.7%
Operating income — +16.9% +77.2% +73.7% +62.0%
Net income — +35.7% +75.1% +94.5% +73.8%
Diluted EPS — +39.0% +77.8% +98.3% +72.4%
Margins
Gross margin 9.0% 9.5% 10.7% 12.1% 11.5%
EBITDA margin 5.6% 5.9% 7.8% 9.8% 9.3%
Operating margin 4.0% 4.2% 6.2% 8.4% 8.3%
Net margin 2.5% 3.1% 4.4% 6.7% 6.8%
Free-cash-flow margin 1.4% 2.5% 3.1% 3.7% 3.0%
Cash flow
Cash from operations 0.2 0.3 0.5 0.7 1.4
Capital spending 0.1 0.1 0.2 0.2 0.9
Free cash flow 0.1 0.2 0.3 0.5 0.5
Stock-based pay 0.1 0.1 0.1 0.1 0.1
Free cash flow after stock pay 0.1 0.1 0.2 0.4 0.5
Balance sheet
Cash 0.4 0.4 0.4 0.6 4.0
Total debt 0.0 0.7 0.8 0.8 0.8
Net debt (negative = net cash) −0.4 0.3 0.4 0.2 −3.1
Diluted shares 124m 120m 119m 116m 117m
Returned to shareholders
Buybacks 0.0 0.0 0.2 0.2 0.1
Total returned 0.0 0.0 0.2 0.2 0.1

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

6 of 6 checks passed · September 30, 2026
What it owns · $15.1bn
Short-term assets $12.5bnLonger-term assets $2.6bn
What it owes, and who funded it · $15.1bn
Short-term liabilities $7.8bnLonger-term liabilities $1.2bnShareholders' equity $6.2bn
  • Short-term assets cover short-term liabilities $12.5bn of assets due within a year against $7.8bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $12.5bn short-term assets against $1.2bn of longer-dated liabilities.
  • More cash than debt $4.0bn of cash against $792m of debt.
  • Debt below 40% of shareholders' equity Debt is 13% of equity.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt $1.4bn of operating cash flow against $792m of debt.
  • Operating profit covers interest at least five times over Operating income of $1.5bn against $71m of interest.

From Celestica Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$58.3M
Returned to shareholders
11%
of free cash flow
Buybacks, last 3 fiscal years
$341M
Diluted share count
+0.8%
year over year
Total shareholder yield
0.2%
dividends 0.0% + buybacks 0.2% of market value
R&D spending
0.9%
of revenue
Sales & admin spending
2.0%
of revenue

Competitors: side by side with peers

Closest by revenue in electronic manufacturing services
Last 12 months unless stated CLS TEL SANM FLEX JBL FN Median
Revenue, last 12 months $18.2bn $19.3bn $12.8bn $31.0bn $36.0bn $4.6bn $4.3bn
Revenue growth, last 12 months 61.6% 16.5% 58.6% 17.5% 20.6% 35.7% 14.7%
Revenue growth, 3-year average — 5.7% 11.9% 3.3% 1.2% 20.6% 1.2%
Revenue growth, latest quarter 82.5% 13.8% 69.7% 24.8% 28.6% 44.6% 24.8%
Gross margin 11.5% 36.1% 9.0% 9.5% 9.2% 12.0% 10.9%
Operating margin 8.3% 19.7% 4.2% 5.1% 4.7% 10.0% 4.7%
Operating margin, 3-year average — 18.4% 4.4% 4.4% 5.2% 9.7% 4.4%
Net margin 6.8% 15.6% 2.4% 3.4% 2.9% 10.2% 3.1%
Cash from operations / revenue 7.7% 22.9% 7.1% 5.2% 5.6% 5.5% 5.5%
Free-cash-flow margin 3.0% 17.2% 4.7% 2.5% 3.8% 0.1% 2.8%
Free-cash-flow margin, 3-year average — 17.7% 4.1% 3.9% 3.7% 6.3% 4.1%
Stock pay / revenue 0.5% 0.9% 0.7% 0.5% 0.4% 0.7% 0.5%
Change in share count 0.8% −1.8% −0.7% −2.9% −3.6% −0.0% −0.8%

Median of all 12 companies we cover in electronic manufacturing services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

12 electronic manufacturing services companies
Measure Company Peer median Rank
Revenue growth Growth 61.6% 16.5% 1 of 12
Change in growth rate Growth +14.3pp +4.0pp 1 of 12
Gross margin Profitability 11.5% 11.4% 5 of 12
Operating margin Profitability 8.3% 4.7% 3 of 12
Net margin Profitability 6.8% 3.4% 4 of 12
Free-cash-flow margin Cash generation 3.0% 3.0% 6 of 12
Stock pay as % of revenue Cash generation 0.5% 0.6% 3 of 11
Long-term debt as % of assets Balance sheet 5.2% 10.6% 2 of 9
Change in share count Balance sheet 0.8% -0.7% 11 of 12

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
CCS $9.2B 74.2% ▲ 41.6%
ATS $3.2B 25.8% ▲ 1.5%

From Celestica Inc's 10-K filed February 27, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$29B
Institutions reporting
867
Shares held vs prior quarter
▲ 5.0%
Positions opened / closed
167 / 66

Top buyers and sellers, Q2 2026: 504 institutions bought and 335 sold ; the biggest buyer was FMR LLC (+887K shares) and the biggest seller Viking Global Investors LP (−1.7M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
FMR LLC $3.1B 8.4M 10.6% ▲ 11.7%
Jpmorgan Chase & Co $1.3B 3.9M 4.6% ▼ 12.9%
Vanguard Capital Management LLC $1.2B 3.2M 4.0% ▲ 1.0%
Franklin Resources Inc $1B 2.8M 3.5% ▲ 5.1%
Jane Street Group, LLC $766M 2.1M 2.6% ▼ 17.1%
CIBC World Market Inc. $758M 2.1M 2.6% ▼ 1.1%
D. E. Shaw & Co., Inc. $684M 1.9M 2.4% ▲ 88.6%
Connor, Clark & Lunn Investment Management Ltd. $674M 1.8M 2.3% ▲ 10.6%
Value Aligned Research Advisors, LLC $575M 1.6M 2.0% ▲ 5.7%
Arrowstreet Capital, Limited Partnership $555M 1.5M 1.9% ▼ 30.5%
Bank Of Montreal $545M 1.5M 1.9% ▲ 6.5%
Norges Bank $545M 1.5M 1.9% —

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Celestica Inc's complete shareholder register. Values are as reported by the filers ; 4 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $254M 166 trades by 8 insiders · 59% under pre-set plans
Net ▼ $254M net selling
Insider Date Trade Shares Price Value
Mionis Robert Chief Executive Officer September 23, 2026 Sell pre-set plan 2,480 $362.48 $898,950
Mionis Robert Chief Executive Officer September 23, 2026 Sell pre-set plan 2,294 $361.22 $828,639
Mionis Robert Chief Executive Officer September 23, 2026 Sell pre-set plan 1,920 $360.36 $691,891
Mionis Robert Chief Executive Officer September 23, 2026 Sell pre-set plan 2,590 $363.46 $941,361
Mionis Robert Chief Executive Officer September 23, 2026 Sell pre-set plan 3,403 $364.67 $1.2M
Mionis Robert Chief Executive Officer September 23, 2026 Sell pre-set plan 6,749 $365.69 $2.5M
Mionis Robert Chief Executive Officer September 23, 2026 Sell pre-set plan 3,672 $366.44 $1.3M
Mionis Robert Chief Executive Officer September 23, 2026 Sell pre-set plan 288 $367.34 $105,794
Cooper Todd C President September 23, 2026 Sell pre-set plan 20,118 $360.00 $7.2M
Mionis Robert Chief Executive Officer August 13, 2026 Sell pre-set plan 4,030 $364.49 $1.5M
Mionis Robert Chief Executive Officer August 13, 2026 Sell pre-set plan 5,270 $363.52 $1.9M
Mionis Robert Chief Executive Officer August 13, 2026 Sell pre-set plan 261 $365.34 $95,354

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 5 trades and filings

In the last 12 months, 1 member of Congress disclosed 1 purchase and 0 sales of Celestica Inc shares.

  • Cleo Fields(D-LA 6):Purchase, $15,001 - $50,000, traded November 3, 2025, filed November 19, 2025
  • Cleo Fields(D-LA 6):Purchase, $15,001 - $50,000, traded October 31, 2025, filed November 12, 2025
  • Val T. Hoyle(D-OR 4):Sale (full), $1,001 - $15,000, traded September 23, 2025, filed October 10, 2025

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around January 27, 2027 estimated from the company's past filing pattern, not announced

  • October 26, 2026
  • July 27, 2026
  • April 27, 2026
  • January 28, 2026
  • October 27, 2025
  • July 28, 2025

Recent SEC filings

Data status

When each part of this page on Celestica Inc was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Celestica Inc in brief

What does Celestica Inc do?
Celestica Inc is a US-listed company in the electronic manufacturing services industry. Its financial year ends in December.
What is Celestica Inc's stock ticker?
Celestica Inc trades under the ticker CLS on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Celestica Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Celestica Inc reported revenue of $18.2B, 61.6% higher than a year earlier, according to its SEC filings.
What is Celestica Inc's free cash flow?
Celestica Inc's free-cash-flow margin is 3.0% of revenue over the trailing twelve months, ranking 6 of the 12 electronic manufacturing services companies we cover.
What is Celestica Inc's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Celestica Inc's free cash flow after stock-based pay gives ~$350 per share in the base case, and ~$280–$440 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Celestica Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are FMR LLC, Jpmorgan Chase & Co and Vanguard Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Celestica Inc buying back stock, and does it pay a dividend?
Celestica Inc spent $58.3M on share repurchases over the trailing twelve months, and its diluted share count still rose 0.8% over the year.
What is Celestica Inc's market cap?
On November 2, 2026, Celestica Inc's market capitalisation was about $29.3B, with a price-to-earnings ratio of 23.5 and net debt of -$3.1B. Market figures come from third-party market data and may be delayed.
How much debt does Celestica Inc have?
Celestica Inc's debt-to-equity ratio is 12.7%, from its latest balance sheet. The financial health section below sets out its other solvency checks.
Who are Celestica Inc's competitors?
In our Electronic Manufacturing Services peer group, the companies closest to Celestica Inc are TE Connectivity, Sanmina Corp, Flex Ltd., Jabil and Fabrinet. The side-by-side comparison below sets their revenue, margins and growth against Celestica Inc's.
Are insiders buying or selling Celestica Inc stock?
Over the last 12 months, Celestica Inc's directors and officers reported 0 open-market purchases and 166 sales on Form 4. The insider trading page charts every trade.
When is Celestica Inc's next earnings date?
Around January 27, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Celestica Inc announces its own schedule.