Q1 26 EPS
$2.16
Q1 26 Revenue
$4.05B
MISS 0.02%
Est. $4.05B
vs S&P Since Q1 26
+0.2%
BEATING MARKET
CLS +1.4% vs S&P +1.3%
Market Reaction
Did CLS Beat Earnings? Q1 2026 Results
Celestica Inc. Delivered a strong first quarter for fiscal 2026, posting adjusted EPS of $2.16 and beating the $2.08 consensus estimate by 3.84%, marking the company's fourth consecutive quarter of topping EPS expectations. Revenue came in at $4.05 b… Read more Celestica Inc. Delivered a strong first quarter for fiscal 2026, posting adjusted EPS of $2.16 and beating the $2.08 consensus estimate by 3.84%, marking the company's fourth consecutive quarter of topping EPS expectations. Revenue came in at $4.05 billion, essentially in line with estimates and up 52.8% year-over-year, as the Connectivity & Cloud Solutions segment, which grew 76% to $3.24 billion, served as the clear engine of that expansion. Adjusted operating margin widened to 8.0% from 7.1% a year ago, while GAAP net earnings more than doubled to $212.30 million from $86.20 million, reflecting meaningful operating leverage and a favorable profit mix. The momentum has also prompted a substantial lift to the full-year outlook, with management raising its 2026 revenue target to $19.00 billion from $17.00 billion and adjusted EPS guidance to $10.15 from $8.75; a recently announced Co-packaged Optics Ethernet switch program win with a hyperscaler customer further supports the view that 2027 could bring even stronger growth.
Key Takeaways
- • 76% year-over-year CCS segment revenue growth driven by accelerating hyperscaler and data center demand
- • Hardware Platform Solutions revenue grew 63% year-over-year to approximately $1.7 billion
- • Adjusted operating margin expanded to 8.0% from 7.1% due to more favorable mix than anticipated
- • CCS segment margin improved to 8.6% from 8.0%
- • ATS segment margin improved to 6.0% from 5.0% despite flat revenue
- • Adjusted effective tax rate of 19% lower than anticipated 21% due to favorable profit mix
CLS Forward Guidance & Outlook
Celestica raised its 2026 annual outlook significantly: revenue now expected at $19.0 billion (up from $17.0 billion), adjusted EPS (non-GAAP) of $10.15 (up from $8.75), and adjusted operating margin of 8.1% (up from 7.8%). Free cash flow outlook remains at $500 million. For Q2 2026, guidance calls for revenue of $4.15 to $4.45 billion, adjusted operating margin of 8.0% at the mid-point, and adjusted EPS of $2.14 to $2.34. The company expects to grow revenue by more than $6.5 billion in 2026 and expects significantly more revenue growth in 2027 due to improved visibility and new program wins.
CLS YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
CLS Revenue by Segment
With YoY comparisons, source: SEC Filings
“Celestica delivered a strong first quarter to begin 2026, achieving revenue of $4.05 billion and adjusted EPS (non-GAAP)* of $2.16. Our solid results included adjusted operating margin* of 8.0%, a new milestone for the company.”
— Rob Mionis, Q1 2026 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% |