Q1 25 EPS
$1.20
BEAT +7.60%
Est. $1.12
Q1 25 Revenue
$2.65B
BEAT +3.57%
Est. $2.56B
vs S&P Since Q1 25
+335.2%
BEATING MARKET
CLS +366.1% vs S&P +30.9%
Market Reaction
Did CLS Beat Earnings? Q1 2025 Results
Celestica kicked off 2025 with a convincing beat on both the top and bottom lines, as the electronics manufacturing services company posted first-quarter revenue of $2.65 billion, up 19.9% year-over-year and ahead of the $2.56 billion consensus estim… Read more Celestica kicked off 2025 with a convincing beat on both the top and bottom lines, as the electronics manufacturing services company posted first-quarter revenue of $2.65 billion, up 19.9% year-over-year and ahead of the $2.56 billion consensus estimate by 3.57%, while non-GAAP adjusted EPS of $1.20 topped the $1.12 consensus by 7.60%. The standout driver was the Connectivity & Cloud Solutions segment, which surged 28% to $1.84 billion, propelled by Hardware Platform Solutions revenue that nearly doubled to approximately $1.00 billion on robust demand from hyperscaler, AI, and data center customers. That operating leverage helped lift non-GAAP adjusted operating margin to 7.1% from 5.9% a year ago. With momentum firmly in hand, management raised its full-year 2025 outlook, now targeting revenue of $10.85 billion, adjusted EPS of $5.00, and an adjusted operating margin of 7.2%, all above prior guidance, while noting that substantially all tariff costs are expected to be recovered from customers, limiting macro-related earnings risk.
Key Takeaways
- • CCS segment revenue increased 28% YoY driven by strong hyperscaler, AI, and data center customer demand
- • Hardware Platform Solutions revenue nearly doubled, increasing 99% YoY to approximately $1 billion
- • Adjusted operating margin expanded to 7.1% from 5.9% due to unanticipated operating leverage in CCS segment
- • ATS segment margin improved to 5.0% from 4.2% YoY
- • Revenue exceeded high end of guidance due to higher than anticipated customer demand
CLS YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
CLS Revenue by Segment
With YoY comparisons, source: SEC Filings
“Celestica delivered a strong first quarter in 2025, achieving revenue of $2.65 billion and non-GAAP adjusted EPS* of $1.20, both surpassing the high end of our guidance ranges. This strong performance was further highlighted by our highest ever adjusted operating margin* of 7.1%.”
— Rob Mionis, Q1 2025 Earnings Press Release
CLS Earnings Trends
CLS vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
CLS EPS Trend
Earnings per share: estimate vs actual
CLS Revenue Trend
Quarterly revenue: estimate vs actual
CLS Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $2.16 | — | $4.05B | -0.02% |
| Q4 25 BEAT FY | $1.76 | $1.89 | +7.39% | $3.65B | +3.74% |
| FY Full Year | $5.93 | $6.05 | +2.09% | $12.39B | +1.37% |
| Q3 25 BEAT | $1.49 | $1.58 | +6.03% | $3.19B | +5.10% |
| Q2 25 BEAT | $1.23 | $1.39 | +12.65% | $2.89B | +8.42% |
| Q1 25 BEAT | $1.12 | $1.20 | +7.60% | $2.65B | +3.57% |