Investment
Features
FeesSafety
Academy
More
Pluang+
|
Home/News Feed/Celestica posts strong Q1 with 50% revenue growth but shares drop 15.6% on AI sector concerns
CLS
$329.61
-$5.16 -1.54%

Celestica posts strong Q1 with 50% revenue growth but shares drop 15.6% on AI sector concerns

Company Fundamentals
01 Jul 2026
Seeking Alpha
View Source
Neutral
pluang ai news

Celestica reported a strong first quarter with 50% year-over-year revenue growth and 80% growth in adjusted earnings per share. The company raised its full-year 2026 guidance to $19 billion in revenue, an 11.7% increase, and $10.15 in EPS, up 16%, while improving EBIT margin guidance by 300 basis points. Despite these positive results, Celestica's shares fell 15.6% after earnings due to concerns over Broadcom's weak AI semiconductor growth and reports that Google is seeking alternative suppliers. Investors will closely watch Celestica's upcoming Q2 results and analyst revisions as the market assesses risks related to AI exposure and potential for further earnings surprises.

More News (CLS)

Celestica's revenue growth and EPS revisions signal strong earnings ahead of July 28 report

Celestica's revenue growth and EPS revisions signal strong earnings ahead of July 28 report

Celestica is expected to accelerate its revenue growth from 55.55% to 57.24% year-over-year through fiscal 2026, driven by a $1.6 trillion networking production ramp. Analysts have issued 16 upward EPS revisions and 13 revenue revisions with no downw...

Company Fundamentals
Bullish
2 days ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App