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Celestica's stock drops 25% despite strong earnings and growth prospects after $3B equity raise.

Company Fundamentals
23 Oct 2026
Seeking Alpha
View Source
Bullish
Celestica's stock drops 25% despite strong earnings and growth prospects after $3B equity raise.

Celestica's stock has fallen 25% since the last update, mainly due to a $3 billion equity offering in August that unsettled shareholders. However, the company is seeing accelerating earnings and has raised its full-year financial targets. Growth opportunities include expanding 1.6T programs, 800G switches, OpenAI accelerator racks, and partnerships with AMD in networking, which could boost earnings through 2027. The analyst forecasts Q3 revenue of $5.57 billion and EPS of $3.10, expecting another earnings beat and possible guidance increase, though rising investment needs and execution risks remain concerns.

Celestica's stock price stands at USD 270.52 on Pluang as of Oct 23, 2026, 20:11 WIB, showing a modest 0.56% gain in the past day. This follows a significant 25% drop earlier in the year after a $3 billion equity offering unsettled investors. Despite the recent volatility, Pluang users currently show strong buying interest with 100% buy orders. The stock remains well below its 52-week high of $472.40, highlighting potential room for recovery amid the company's optimistic earnings outlook.

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