Celestica reported a strong fourth quarter and full year 2025, driven by significant revenue growth and improved operating margins, particularly in the Connectivity & Cloud Solutions segment. The company is raising its 2026 outlook, reflecting continued demand for AI-related data center technologies and strategic investments in capacity.
Q4 2025 revenue of $3.65 billion increased 44% year-over-year, exceeding guidance.
positiveFull year 2025 revenue reached $12.39 billion, a 28% increase compared to 2024.
positiveAdjusted EPS (non-GAAP) for Q4 2025 was $1.89, exceeding the high end of guidance.
positiveFull year 2025 adjusted EPS (non-GAAP) grew 56% year-over-year to $6.05.
positiveAdjusted operating margin (non-GAAP) improved to 7.7% in Q4 2025 from 6.8% in Q4 2024.
positiveThe company is raising its 2026 annual outlook for revenue to $17.0 billion and adjusted EPS to $8.75.
positiveCelestica is increasing planned capital investments to $1 billion in 2026 to support multi-year demand outlook, primarily in CCS segment.
positiveConnectivity & Cloud Solutions (CCS) segment revenue increased 64% year-over-year to $2.86 billion in Q4 2025.
positiveHardware Platform Solutions (HPS) revenue increased 72% year-over-year to approximately $1.4 billion in Q4 2025.
positiveAdvanced Technology Solutions (ATS) segment revenue decreased 1% year-over-year to $0.80 billion in Q4 2025.
attentionInventories increased by $427.4 million year-over-year in Q4 2025.
attentionAccounts receivable increased by $569.1 million year-over-year in Q4 2025.
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.
Special items are non-recurring events that may distort period-over-period comparisons. Analysts typically adjust for these when calculating normalized earnings.
Our financial performance in the fourth quarter was very strong, with revenue of $3.65 billion and adjusted EPS (non-GAAP)* of $1.89, both exceeding the high end of our guidance ranges.
We had a solid finish to 2025, achieving revenue of $12.4 billion, up 28%, while our adjusted EPS (non-GAAP)* grew 56% year-over-year.
Driven by very strong results in 2025, and improved momentum into 2026, we are pleased to be raising our annual outlook.
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.