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CLS

Celestica Inc.

CLS

Celestica Inc. • NYSE
$343.95 ▲ 3.52% (+11.71)
Market Cap $39.57 B
52w High $363.40
52w Low $58.05
Dividend Yield 0%
P/E 55.93
Volume 1.51M
Outstanding Shares 115.04M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $3.159B ▲ $154.567M ▲ $264.831M ▲ 8.384% ▲ $2.33 ▲ $359.965M ▲
Q2-2025 $2.893B ▲ $98.5M ▼ $211M ▲ 7.292% ▲ $1.83 ▲ $316.1M ▲
Q1-2025 $2.649B ▲ $145.1M ▲ $86.2M ▼ 3.255% ▼ $0.74 ▼ $164.8M ▼
Q4-2024 $2.546B ▲ $94.7M ▼ $135M ▲ 5.303% ▲ $1.3 ▲ $187M ▲
Q3-2024 $2.499B $122.7M $91.7M 3.669% $0.78 $186.1M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $305.9M ▼ $6.607B ▲ $4.578B ▲ $2.029B ▲
Q2-2025 $313.8M ▲ $6.241B ▲ $4.483B ▲ $1.758B ▲
Q1-2025 $303M ▼ $5.835B ▼ $4.278B ▲ $1.557B ▼
Q4-2024 $423.3M ▲ $5.988B ▲ $4.092B ▼ $1.896B ▲
Q3-2024 $398.5M $5.927B $4.107B $1.82B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $264.831M ▲ $124.489M ▼ $-36.887M ▼ $-94.677M ▲ $-8.896M ▼ $87.583M ▼
Q2-2025 $211M ▲ $152.4M ▲ $-35M ▲ $-106.6M ▲ $10.8M ▲ $119.9M ▲
Q1-2025 $86.2M ▼ $130.3M ▲ $-36.7M ▲ $-213.9M ▼ $-120.3M ▼ $93.6M ▲
Q4-2024 $135M ▲ $74.9M ▼ $-51M $900K ▲ $24.8M ▲ $27.3M ▼
Q3-2024 $91.7M $144.8M $-51M $-129.3M $-35.5M $98.8M

Revenue by Products

Product Q1-2025Q2-2025Q3-2025
ATS Segment
ATS Segment
 $810.00M ▲$820.00M ▲$780.00M ▼

Five-Year Company Overview

Income Statement

Income Statement Celestica’s income statement shows a clear move from a low‑margin, volume manufacturer toward a higher‑value, design‑driven business. Revenue has climbed steadily over the past several years, but profit has grown much faster, which means margins are improving. Operating income and EBITDA have scaled up as the mix shifts toward more complex, AI and cloud‑related hardware. Earnings per share have risen sharply, helped by both better margins and tighter cost control. The main watchpoints are exposure to cyclical technology spending, dependence on large customers, and the risk that current high demand in AI infrastructure may not be linear over time.

Balance Sheet

Balance Sheet The balance sheet looks stronger than a few years ago. Total assets and shareholder equity have grown, indicating reinvestment in the business and a thicker capital base to absorb shocks. Debt has increased but remains moderate relative to the size of the company, suggesting leverage is being used as a tool rather than a crutch. Cash levels are stable, not excessive, which fits a manufacturing model that constantly turns inventory and receivables. The key risk is that rising debt and working capital needs could tighten flexibility if there is a sudden slowdown in customer orders.

Cash Flow

Cash Flow Cash generation is a notable positive. Operating cash flow has consistently been positive and has trended upward, showing that reported profits are backed by real cash. Free cash flow remains solid even after rising capital spending, meaning the company is funding growth investments while still generating surplus cash. Capital expenditures have increased in recent years, reflecting capacity expansion and technology upgrades to support AI and advanced networking programs. The main sensitivity is that, as a hardware manufacturer, cash flows can swing with inventory builds and customer demand cycles.

Competitive Edge

Competitive Edge Celestica now competes less as a commodity electronics assembler and more as a specialized technology and manufacturing partner. It has a strong position in networking hardware, including being among the leading vendors in high‑speed Ethernet switches used in cloud and AI data centers. Its emphasis on complex, high‑reliability segments such as AI infrastructure, aerospace, and defense raises switching costs for customers and lowers direct competition compared with basic EMS vendors. Long‑term relationships with large hyperscalers and global manufacturing and supply chain capabilities deepen its moat. However, competition from other global EMS/ODM players remains intense, customer concentration is high, and technology cycles are fast, which can pressure pricing and margins if execution slips.

Innovation and R&D

Innovation and R&D Innovation is at the center of Celestica’s strategy. The company has built strong capabilities in advanced networking gear, custom servers, and integrated rack solutions tailored for AI and cloud workloads. Its Hardware Platform Solutions and original design manufacturer (ODM) offerings mean Celestica is involved from design through production, not just assembly. Investments in engineering talent, custom ASIC server platforms, and next‑generation 800G and 1.6T switching position it well for the ongoing AI data center buildout. Internally, its standardized operating system and quality programs support consistent execution. The opportunity is to deepen its role as a design partner to hyperscalers; the risk is that these large customers may shift designs, standards, or suppliers quickly, making continual R&D investment and rapid adaptation essential.

Summary

Overall, Celestica appears to be in the midst of a successful transformation from a traditional electronics manufacturer to a higher‑margin, innovation‑driven hardware partner for AI and cloud infrastructure. Financial performance has strengthened across revenue, margins, and cash flow, while the balance sheet remains reasonably sound despite a measured increase in debt. The company’s competitive edge lies in complex hardware design, deep customer relationships, and global execution, particularly in AI and networking. On the other hand, the business is tied closely to a small group of powerful customers and to capital‑intensive technology cycles. Future results will hinge on continued execution in AI infrastructure programs, maintaining technology leadership, and balancing growth investments with financial discipline.

NEWS

November 17, 2025 · 8:00 AM UTC

Celestica Introduces the SD6300 Platform Aiming to Deliver Maximum Storage Density for Enterprise and AI Applications

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November 11, 2025 · 11:26 AM UTC

Tradr Set to Debut ETFs Targeting Bloom Energy, Celestica, Nano Nuclear and Synopsys

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October 30, 2025 · 7:15 AM UTC

Celestica Announces TSX Acceptance of Normal Course Issuer Bid

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October 28, 2025 · 7:00 AM UTC

Laurette T. Koellner Rejoins Celestica's Board of Directors

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October 27, 2025 · 4:15 PM UTC

Celestica Announces Third Quarter 2025 Financial Results and Will Hold 2025 Investor and Analyst Day

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