AI supply chain firms Celestica, Dell, and Astera Labs report strong growth and raised outlooks amid rising hyperscaler demand.

Celestica, Dell Technologies, and Astera Labs, key players in the AI supply chain, have reported significant revenue growth and raised their future outlooks. Celestica posted a 53% revenue increase with a strong outlook driven by hyperscaler contracts. Dell saw an 88% revenue surge, fueled by AI-optimized server sales and a large AI order backlog, while Astera Labs reported a 93% revenue rise and is ramping production of new AI connectivity products. These companies benefit from sustained hyperscaler capital expenditure expected to grow around 25% annually, positioning them well for continued expansion. Upcoming catalysts include Dell’s Q2 report, Celestica’s program ramp-up, and Astera Labs’ product milestones in late 2026.