TORONTO, CANADA – Celestica posted strong third-quarter results, with revenue climbing 28% year-over-year to $3.19 billion, exceeding the high end of its guidance. 

The company’s Connectivity & Cloud Solutions (CCS) segment led growth, surging 43% to $2.41 billion as customers ramped investment in AI-driven data center infrastructure. Hardware platform solutions within CCS saw a 79% year-over-year jump. The Advanced Technology Solutions (ATS) segment generated $780 million in revenue, down 4% from last year.

Celestica’s adjusted operating margin improved to 7.6%, and operating income rose sharply, supported by strong execution and high-margin AI programs. CEO Rob Mionis said the results reflect “continued strength in execution and demand across major customer programs,” noting momentum in both data infrastructure and enterprise markets.

Given its Q3 performance, Celestica raised its yearly annual outlook to $12.2 billion in revenue (from $11.55 billion). The company also issued a 2026 forecast projecting $16 billion in revenue, citing sustained AI infrastructure investment as a key growth driver into 2027.

Celestica expects fourth-quarter revenue between $3.33 billion and $3.58 billion, maintaining an adjusted operating margin of 7.6% at the midpoint.

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