Investment
Features
FeesSafety
Academy
More
Pluang+
|
Home/News Feed/Celestica beats Q1 estimates and raises 2026 revenue outlook but shares fall 14%.
CLS
$334.77
-$10.26 -2.97%

Celestica beats Q1 estimates and raises 2026 revenue outlook but shares fall 14%.

Company Fundamentals
06 May 2026
Seeking Alpha
View Source
Bearish
pluang ai news

Celestica reported strong first-quarter results driven by robust demand for its Data Center and cloud hardware, particularly in its CCS segment which accounts for 80% of revenue and grew 76% year-over-year. Despite beating earnings estimates and raising its full-year 2026 revenue guidance, the company's shares dropped 14%, reflecting market concerns about its dependence on Data Center capital expenditure trends. Celestica trades at 28 times forward earnings and remains free cash flow positive, positioning it as a key player in AI infrastructure with a focus on hyperscaler customers.

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
1 day ago
banner-footerbanner-footer

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