Celestica Inc.

How has the stock done?

Change in closing price from the first day shown, or with Price the closing price itself. Prices: Yahoo Finance, to Nov 12, 2026. Dashed lines: the days the company released earnings (its SEC 8-K filings); EPS estimates: Yahoo Finance. The stock's move after a release runs from the last close before its day to the close the day after (or five days after), so a release before the open counts like one after the close.

Is the business growing?

In the fiscal year to Dec 2025, CCS was 74% and ATS was 26% of revenue; CCS rose from 58% in the fiscal year to Dec 2023.

Quarters: Celestica Inc.'s SEC filings, named by the month they end. Fiscal years: Celestica Inc.'s annual reports to the SEC.

How it makes money

Of every $100 in revenue, $6.7 ends up as net income. Net margin rose from 2.5% to 6.7% over the past 3 years.

Each margin is that line of the income statement divided by revenue. Fiscal year: Celestica Inc.'s annual reports to the SEC; quarters: SEC filings.

Customers and suppliers

In its latest annual report Celestica sells to Amazon, Meta Platforms, Alphabet and 7 more; three customers it does not name account for 32% and 14% and 12% of its revenue; it names no suppliers.

 

CLSCelestica

Customers

Unnamed customer 32%

Unnamed customer 14%

Unnamed customer 12%

Alphabet GOOGL

Amazon AMZN

Applied Materials AMAT

Ciena CIEN

Dell Technologies DELL

Hewlett-Packard Enterprise HPE

Honeywell HON

IBM IBM

Lam Research LRCX

Meta Platforms META

Penguin Solutions PENG

+6 more

Their customers

Clover Health Investments CLOVfrom Alphabet, Amazon

Infleqtion INFQfrom Alphabet, Amazon

Innodata INODfrom Alphabet, Amazon

Aurora Innovation AURfrom Amazon

Celsius Holdings CELHfrom Amazon

Cerebras Systems CBRSfrom Amazon

Micron Technology MUfrom Applied Materials

AT&T Tfrom Ciena

IREN IRENfrom Dell Technologies

WhiteFiber WYFIfrom Dell Technologies

Show 10

Celestica's 10-Q for the quarter to Sep 2026 gives three customers' shares of its revenue: Customer One (35%), Customer Two (17%) and Customer Three (14%).

From Celestica Inc.'s 10-Q and 10-K filings (XBRL): each customer whose share of revenue a filing tags, under the filing's own label, so “Customer A” in one filing can be another company in the next; a later filing's figures for a period replace an earlier one's. Rings are fiscal years: a 10-K gives the year, not its fourth quarter.

Only the companies Celestica names in its 10-K filed Feb 27, 2026 (SEC). The supply chain joins the latest annual reports of the companies on it and the 8-Ks they filed since: a link shows when either side's report names the other, so it grows as more reports are read. Hover a name for the filing's own words. Customers it does not name are listed as the filing describes them.

Is it expensive?

P/E of 24.1x, in line with the peer median of 28.1x, with earnings still growing.

In line with the peer median of 28.1x.

At 24.1× trailing earnings CLS is below most of its range since Jan 2025; the median is 41.4×.

Closing price over diluted earnings per share of the last four reported quarters, as known on each day (a quarter counts 35 days after it ends). From SEC filings; earnings per share adjusted for splits.

What analysts expect

The average analyst price target is $456, 80% above the current price; 100% of 21 analysts rate it a buy; earnings beat estimates in all of the last 4 quarters.

Buy or Strong Buy: 21 analysts (100%). Sell or Strong Sell: 0.

Over the past year the average of the analysts' latest price targets went from $340.18 to $425.43 (+25%), while CLS went from $292.75 to $254.03 (−13%). In the past three months targets were raised 4 times and cut once. 2 upgrades and no downgrades over the year; the latest: UBS moved it to Buy from Neutral on Aug 24, 2026.

The day after each of these reports the stock moved −10.0% (Dec 2025, beat); −11.9% (Mar 2026, beat); +14.7% (Jun 2026, beat); +6.4% (Sep 2026, beat).

For the quarter ending Dec 2026 (Celestica reports on Jan 27, 2027), analysts expect revenue of $6.5B, up 77% on a year earlier. For the fiscal year ending Dec 2027, they expect adjusted earnings of $21.76 a share, 88% more than the year before's estimate of $11.56, and revenue of $40.2B, up 91% on the year before's estimate.

Targets, ratings and earnings estimates: Yahoo Finance. Rating and target changes: Yahoo Finance's list of upgrades and downgrades. The average target on each day is the average of every listed firm's latest target set in the 180 days before it, so it counts fewer analysts than the average target above, and the band is the middle half of those targets (a quarter of the firms are above it, a quarter below); a target set before a stock split is divided by the split. Expected figures: the average of the analysts' estimates (Yahoo Finance). Their EPS is adjusted, as analysts estimate it, so it is set against the adjusted EPS Yahoo reports for the same quarters, not the GAAP EPS of the growth and valuation sections; revenue against the SEC filings. No change is given against a quarter whose reported EPS was more than 50% off its own estimate (often a one-off gain or charge), nor against a year that counts one. Each estimate is pinned to its fiscal period by the report date or the period's end, and one that cannot be is left out.

Where the cash goes

Generated $550M in free cash flow over the year, of which $60M went back to shareholders (dividends plus buybacks), leaving $490M in the company.

Celestica had 122M diluted shares in the quarter ended Sep 2026, 5.1% more than a year earlier. It spent $58M on buybacks over the last four quarters.

Free cash flow: operating cash flow minus capital spending on property, plant and equipment, from SEC filings, for the last 4 quarters and by quarter. Shares: each quarter's diluted weighted average as filed with the SEC, since the stock's listing and its latest split.

Financial health

Current ratio 1.4, short-term debt is manageable; debt-to-equity 0.4, debt is very low and the balance sheet is solid.

Latest fiscal year balance sheet. Source: Yahoo Finance.

Who holds it

In the filings of 1 member of Congress and 9 funds whose copy leaves CLS out (on the exchange, not in the app yet): Whale Rock Capital Management, Bridgewater Associates, Canada Pension Plan Investment Board, Cleo Fields, Swiss National Bank, Temasek Holdings (Private) and 4 more.

What did the funds Hunch tracks do?

Of the 83 funds whose 13F filings Hunch reads, 13 held CLS at the end of their latest quarter (for most, Q2 2026). Over that quarter 6 added shares, 6 cut, 1 bought new and 3 sold all. The largest of them is Norges Bank, 1.49M shares worth $545M at Jun 30, 2026, 3.2% fewer than at Dec 31, 2025.

From the 13F filings of the 83 funds Hunch tracks, not of every institution: each fund's shares of CLS at its latest quarter end against the quarter before, as filed (long positions only, options left out), the quarter before put on the latest quarter's share count across a split. A fund files 45 days after its quarter ends, so some have a newer quarter than others. Value is at the quarter end. Norges Bank filed its 13F for Q1 2026 confidentially, with no holdings made public, so its row compares Q2 2026 with Q4 2025.

Are insiders buying or selling?

Officers and directors sold $253M of CLS on the open market in the 12 months to Nov 11, 2026; none bought. 60% of the sales were made under 10b5-1 plans, set up in advance. The largest was Robert Mionis (Chief Executive Officer; director), who sold $131M in 109 sales.

From the Form 4s filed with the SEC about Celestica Inc. (85 in the 12 months): purchases (code P) and sales (code S) on the open market by its officers and directors, at the price each filing gives (often an average of the day's trades). A sale is a 10b5-1 sale when its filing says it was made under such a plan, set up in advance. Not counted: 79 other transactions (option exercises, shares withheld for tax, shares sold to pay tax and gifts).