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Celestica's AI hardware segment drives 76% revenue growth, boosting stock and earnings forecasts.

Analyst Insights
17 May 2026
Seeking Alpha
View Source
Bullish
pluang ai news

Celestica reported a strong first quarter for 2026, with its CCS segment focused on AI hardware growing 76% year-over-year and now making up 80% of total revenue. The enterprise division saw revenue surge 101% year-over-year, with expectations of 130% growth next quarter, fueled by demand from hyperscalers. These robust results have led to upward revisions in earnings per share forecasts and price targets, supporting Celestica's status as a strong buy. The stock has outperformed the S&P 500 since February, reflecting investor confidence in its unique position in the AI hardware value chain.

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