Celestica Inc. reported first‑quarter 2026 results that surpassed expectations, with revenue of $4.05 billion and an adjusted earnings per share of $2.16. The company’s adjusted operating margin rose to 8.0%, its highest level in the year, driven by a 76% increase in revenue from its Connectivity & Cloud Solutions (CCS) segment and a 63% rise in Hardware Platform Solutions (HPS) revenue to $1.7 billion.
The CCS segment generated $3.24 billion in revenue, reflecting strong demand from hyperscale data‑center customers and AI‑infrastructure deployments. HPS revenue of $1.7 billion also grew 63% year‑over‑year, underscoring the company’s expanding role in high‑margin hardware platform programs.
Celestica raised its 2026 full‑year outlook, projecting revenue of $19.0 billion—up from the prior guidance of $17.0 billion—and an adjusted EPS of $10.15, a lift from the previous $8.75. The company also increased its adjusted operating margin guidance to 8.1% from 7.8%, signaling confidence in sustained demand and continued margin expansion.
"Celestica delivered a strong first quarter to begin 2026, achieving revenue of $4.05 billion and adjusted EPS (non‑GAAP) of $2.16. Our solid results included adjusted operating margin of 8.0%, a new milestone for the company," said President and CEO Rob Mionis. "We continue to see accelerating growth from our CCS customer base, alongside increasing profitability in both our CCS and ATS segments. Driven by this momentum, we are raising our 2026 annual outlook to $19.0 billion in revenue and $10.15 in adjusted EPS (non‑GAAP)."
Investors reacted cautiously to the announcement, citing insider selling of approximately $88 million in the 90 days preceding the earnings release. The company’s strong performance and raised guidance were tempered by concerns over the volume of insider divestitures, which may signal management’s view of the company’s valuation or future prospects.
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