TORONTO – The company, Celestica, reported first quarter revenue of $2.65 billion, a 20% increase from first quarter 2024.

Operating profit margin on a GAAP basis fell to 4.9%, down from 5.7% a year earlier, but adjusted operating margin hit a record 7.1%, up from 5.9%. Demand strength in the Connectivity & Cloud Solutions segment led the growth, with CCS revenue up 28% and margin up to 8%. Hardware platform sales reached $1 billion, nearly doubling from first quarter 2024.

For second quarter, the company expects revenue between $2.575 billion and $2.725 billion.

It raised full-year 2025 guidance to $10.85 billion in revenue up from its prior forecast of $10.7 billion.

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