On July 31, Celestica rose 6.13% in regular trading, trading at $351.79/share, with turnover of $164 million. The stock extended its post-Q2 earnings momentum as the broader Electronic Manufacturing Services sector provided additional upside support.
The rally follows the company's Q2 earnings report released on July 27, which significantly exceeded market expectations. Revenue reached $4.7 billion, up 62% year-over-year and well above the consensus estimate of $4.37 billion. Adjusted EPS came in at $2.54, beating the $2.27 estimate by approximately 11.9%. The company simultaneously raised its full-year revenue guidance to $20.5 billion and adjusted EPS to $11.30, both far above prior forecasts. Management also guided Q3 revenue midpoint at $5.4 billion, surpassing the $5.01 billion consensus, and indicated that revenue growth in 2027 is expected to accelerate further, driven by new project wins and strong AI infrastructure demand.
Within the Electronic Manufacturing Services sector, stocks broadly advanced, with Sanmina up 3.99%, TTM Technologies up 2.64%, Flex Ltd up 2.53%, Jabil Circuit up 1.92%, and TE Connectivity up 1.28%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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