TSX:CLSElectronic
Celestica (TSX:CLS) Is Down 7.7% After Raising 2026 Outlook Amid AI Customer Shifts – Has The Bull Case Changed?
In late January 2026, Celestica reported past fourth-quarter 2025 and full-year 2025 results showing higher sales and earnings, raised its 2026 revenue outlook to US$17.00 billion, and issued first-quarter 2026 guidance projecting revenue between US$3.85 billion and US$4.15 billion.
At the same time, reports that Google may shift some tensor processing unit assembly to other suppliers raised questions about Celestica’s future exposure to a key AI data center customer.
We will examine how...