Celestica Raises 2026 Outlook to $17 Billion on AI Demand as Analysts Lift Targets

Management plans a self-funded investment cycle to expand capacity for multi-year data center programs.

Overview

Q4 2025 revenue rose about 44% to $3.65 billion as adjusted EPS reached $1.89, topping estimates.
Management now guides 2026 revenue to $17.0 billion and projects adjusted EPS of $8.75.
Capital expenditures are set at $1.0 billion in 2026, with funding expected from operating cash flow to support long-term AI infrastructure initiatives.
Bank of America initiated coverage with a Buy rating and a $400 price target, while Barclays lifted its target to $391 and kept an Overweight rating, characterizing guidance as conservative; TD Cowen maintained Hold with a $330 target.
Analysts highlight exposure to white-box switches and custom ASIC-accelerated servers tied to hyperscaler roadmaps, citing potential upside as AI-driven data center spending scales through 2027.