Celestica (NYSE:CLS) Stock Price Up 5.2% After Strong Earnings

Celestica, Inc. (NYSE:CLS) (TSE:CLS)’s share price was up 5.2% on Monday following a stronger than expected earnings report. The company traded as high as $323.55 and last traded at $321.06. 4,182,147 shares traded hands during mid-day trading, an increase of 79% from the average session volume of 2,335,068 shares. The stock had previously closed at $305.28.

The technology company reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $0.12. Celestica had a net margin of 6.95% and a return on equity of 36.91%. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS.

Key Stories Impacting Celestica

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Q2 earnings beat expectations: Celestica reported adjusted earnings of $2.41 per share, exceeding the analyst consensus of $2.29. Management said second-quarter revenue and adjusted EPS were above the high end of its previously issued guidance ranges. Celestica Announces Second Quarter 2026 Financial Results
• Positive Sentiment: Upbeat third-quarter outlook: Celestica forecast third-quarter 2026 EPS of $2.88 to $3.08, above the $2.65 consensus estimate. Revenue is expected to reach $5.3 billion to $5.6 billion, compared with analysts’ $5.0 billion forecast.
• Positive Sentiment: 2026 guidance raised: Full-year EPS guidance was set at $11.30, well above the $10.13 consensus estimate, while revenue guidance of $20.5 billion also exceeded the $19.2 billion analyst forecast. The higher outlook reinforces expectations for accelerating growth into 2027.
• Positive Sentiment: Elevated call-option activity: Investors purchased 13,556 call options, 16% above the average daily volume. Although options activity is not a fundamental result, the increase indicates heightened bullish interest and expectations for further share-price volatility.
• Neutral Sentiment: Investor attention was already elevated: Celestica was highlighted among stocks to watch ahead of its earnings report, while the broader earnings calendar was viewed as an important test for markets. These items provide context but do not materially change the company’s fundamentals.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on CLS shares. TD Securities raised Celestica from a “hold” rating to a “buy” rating and set a $430.00 target price on the stock in a research report on Wednesday, April 29th. Barclays upped their price target on Celestica from $391.00 to $441.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Bank of America increased their price target on shares of Celestica from $400.00 to $430.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Zacks Research raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a report on Friday, June 26th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating and set a $480.00 price objective on shares of Celestica in a research report on Wednesday, April 29th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Celestica currently has a consensus rating of “Buy” and an average target price of $427.42.

Insider Activity

In other Celestica news, CFO Mandeep Chawla sold 17,000 shares of Celestica stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $399.65, for a total transaction of $6,794,050.00. Following the transaction, the chief financial officer owned 82,444 shares of the company’s stock, valued at $32,948,744.60. The trade was a 17.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Robert Mionis sold 18,176 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $385.17, for a total value of $7,000,849.92. Following the completion of the sale, the chief executive officer owned 60,384 shares of the company’s stock, valued at approximately $23,258,105.28. This represents a 23.14% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 161,168 shares of company stock valued at $63,190,485. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Celestica

A number of institutional investors have recently modified their holdings of the business. Legacy Wealth Managment LLC ID raised its position in Celestica by 14.4% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 223 shares of the technology company’s stock valued at $63,000 after purchasing an additional 28 shares during the last quarter. Capital Planning LLC increased its stake in Celestica by 3.2% in the first quarter. Capital Planning LLC now owns 1,025 shares of the technology company’s stock valued at $289,000 after purchasing an additional 32 shares during the period. LeConte Wealth Management LLC increased its stake in Celestica by 3.5% in the fourth quarter. LeConte Wealth Management LLC now owns 1,001 shares of the technology company’s stock valued at $296,000 after purchasing an additional 34 shares during the period. PCB Capital LLC raised its holdings in shares of Celestica by 3.5% in the first quarter. PCB Capital LLC now owns 995 shares of the technology company’s stock valued at $280,000 after buying an additional 34 shares during the last quarter. Finally, Terra Nova Asset Management LLC raised its holdings in shares of Celestica by 2.3% in the fourth quarter. Terra Nova Asset Management LLC now owns 1,686 shares of the technology company’s stock valued at $498,000 after buying an additional 38 shares during the last quarter. 67.38% of the stock is owned by institutional investors and hedge funds.

Celestica Stock Up 5.2%

The firm has a market cap of $36.91 billion, a price-to-earnings ratio of 38.82, a P/E/G ratio of 0.71 and a beta of 2.05. The firm’s 50 day moving average price is $362.06 and its two-hundred day moving average price is $332.50. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 0.73.

Celestica Company Profile

Celestica Inc is a multinational electronics manufacturing services (EMS) company that provides design, engineering, manufacturing and supply chain solutions to original equipment manufacturers across a range of industries. Headquartered in Toronto, Ontario, Canada, Celestica works with customers to develop and produce complex electronic and electro-mechanical products, integrating activities from product design and prototyping through high-volume assembly, testing and final system integration.

The company’s service offering typically includes product engineering and design support, printed circuit board assembly, box-build and systems assembly, automated test and inspection, aftermarket repair and refurbishment, and end-to-end supply chain and logistics management.