Celestica delivered a strong first quarter to begin 2026, exceeding guidance with significant revenue growth and improved operating margins. The company is raising its full-year outlook for both revenue and adjusted EPS, driven by accelerating customer demand and increased profitability across its segments.
Revenue increased 53% year-over-year to $4.05 billion, significantly exceeding Q1 2025 revenue of $2.65 billion.
positiveAdjusted operating margin reached a new milestone of 8.0%, up from 7.1% in Q1 2025.
positiveAdjusted EPS of $2.16 exceeded the high end of guidance ($1.95 to $2.15).
positiveThe company is raising its 2026 annual outlook for revenue to $19.0 billion (from $17.0 billion) and adjusted EPS to $10.15 (from $8.75).
positiveCCS segment revenue increased 76% year-over-year to $3.24 billion, with segment margin improving to 8.6%.
positiveInventories increased significantly by $484.9 million in Q1 2026 compared to a $27.7 million increase in Q1 2025, outpacing revenue growth.
attentionAccounts receivable increased substantially by $529.3 million in Q1 2026, compared to a $66.9 million increase in Q1 2025.
attentionATS segment revenue remained relatively flat year-over-year at $0.81 billion, despite overall company growth.
attentionGAAP EPS of $1.83 included an aggregate charge of $0.37 per share for employee SBC expense, amortization of intangible assets, and restructuring charges.
attentionMargin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
| Segment | Current | Prior Yr | YoY | % Total |
|---|---|---|---|---|
Connectivity & Cloud Solutions (CCS) | N/A | — | — | — |
Advanced Technology Solutions (ATS) | N/A | — | — | — |
| Total Revenue | $0.00M | — | — | 100.0% |
Segment performance shows business unit health and growth drivers.
Forward-looking guidance is subject to change and does not constitute a guarantee. Actual results may differ materially from these estimates.
Celestica delivered a strong first quarter to begin 2026, achieving revenue of $4.05 billion and adjusted EPS (non-GAAP)* of $2.16.
Our solid results included adjusted operating margin* of 8.0%, a new milestone for the company.
We continue to see accelerating growth from our CCS customer base, alongside increasing profitability in both our CCS and ATS segments.
Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.
Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.