Celestica sees strong Q1 2026 results, boosted by AI growth and AMD partnership despite supply risks

Celestica reported excellent Q1 2026 results, benefiting from high capital expenditures by hyperscalers and a new partnership with AMD, positioning it as a key player in the AI industry. The company’s growth is tied to the AI supercycle, enabling hyperscalers to expand computing infrastructure. However, risks remain from potential component shortages and possible revenue delays. The analyst maintains a "buy" rating, acknowledging both the company’s strengths and emerging risks.