Overview
- Celestica reported Q2 revenue of $4.70 billion and adjusted EPS of $2.54 in results released Tuesday, delivering a record 8.2% adjusted operating margin.
- The company raised full-year 2026 revenue guidance to $20.5 billion and boosted adjusted EPS to $11.30 while lifting its margin and free-cash-flow targets.
- Management said demand is powered by AI infrastructure, with custom accelerator racks, 800G/1.6T networking and cloud compute programs as the key drivers and announced collaborations with OpenAI, Broadcom and work tied to AMD’s Helios.
- Executives warned that materials availability, not customer demand, is the binding constraint and outlined roughly $1.0 billion of capital spending for 2026 plus a $1.5 billion placeholder for 2027 to add capacity.
- The quarter shows stronger cash generation and operating leverage and suggests faster revenue acceleration into 2027 if Celestica can secure components and execute its capacity plan, a dynamic investors will monitor through supply and delivery schedules.