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Celestica raises FY2026 guidance amid AI-driven growth and expands in ethernet switching market.

Analyst Insights
31 Oct 2026, 11:10 WIB
Seeking Alpha
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Bullish
Celestica raises FY2026 guidance amid AI-driven growth and expands in ethernet switching market.

Celestica has raised its FY2026 guidance for the fourth time, reflecting strong growth driven by its role as a key AI and networking supply chain partner. The company is expanding global capacity and securing multi-year partnerships with hyperscalers, positioning itself as a leader in the ethernet switching market. This market is expected to grow to $173 billion by 2030. Despite risks from customer concentration and AI credit concerns, Celestica's low valuation and growth prospects support a positive outlook, making it a recommended buy for investors focused on cloud and AI cycles.

Celestica's market cap stands at $35.71 billion as of Oct 31, 2026, 15:21 WIB, with a daily trading volume of 2,265,884 shares on Pluang. The stock price is currently USD 265.60, down 6.07% for the day, while order activity shows a strong sell sentiment at 85%. Typical hold time for investors on Pluang is 34 days, indicating moderate-term interest despite recent price declines.

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