Celestica Revenue Jumps 83% on AI Demand
The Canadian electronics manufacturer beat its own guidance and raised its full-year outlook to USD 21 billion.
Updated on Nov. 6, 2026 in Semiconductors
Celestica reported third-quarter revenue of USD 5.83 billion, up 83% from a year earlier and above the top of its own guidance range. The company also raised its full-year 2026 revenue outlook to USD 21 billion from USD 20.5 billion.
Why it matters
Growth came almost entirely from the Connectivity & Cloud Solutions segment, which covers networking, servers and storage, pointing to strong demand for the infrastructure behind data centers. Celestica's revenue expectations for 2027 signal that the company sees the expansion as sustained rather than a one-time surge.
Connectivity & Cloud Solutions revenue more than doubled to USD 4.87 billion, about 83.5% of group revenue, while Hardware Platform Solutions grew 70% to about USD 2.3 billion. The source does not explain the drivers behind expected 2027 revenue of USD 40 billion or a 9.0% adjusted operating margin.
The players
Celestica
A Toronto-based electronics manufacturing services provider that builds hardware for networking, cloud and advanced technology customers around the world.
The details
Revenue growth was led by Connectivity & Cloud Solutions, while the Advanced Technology Solutions segment grew 23% to USD 0.96 billion. Segment margins also improved, with Connectivity & Cloud Solutions rising to 8.9% from 8.3% and Advanced Technology Solutions rising to 6.6% from 5.5%.
Timeline
Third quarter 2026: Revenue reached USD 5.83 billion, up 83%.
Full year 2026: Revenue outlook raised to USD 21 billion.
2027: Company expects revenue to reach USD 40 billion and capital expenditure of USD 1.5-2.0 billion.
Market Landscape
Celestica's segment growth tracks the broader buildout of AI data center infrastructure by large cloud operators, which has driven demand for networking and server hardware. Its revenue expectations for 2027 suggest that contract manufacturers serving this buildout could continue to expand faster than the broader electronics sector.
Consumers are unlikely to see direct changes from this report, since Celestica manufactures hardware for business customers rather than retail products. The growth mainly affects enterprises that rely on the networking, server and storage equipment the company builds.
The takeaway
Companies that build the physical infrastructure for cloud and AI workloads are seeing demand that outpaces the wider technology sector. Readers tracking the industry can watch whether Celestica's 2027 targets hold as customers finalize their spending plans.
Further reading
For more on the chips and hardware behind this growth, see Semiconductors.
Source note: This article includes information reported by Evertiq.
