Celestica beat Q3 on revenue and profit, and raised its outlook again. That locks in bigger orders from its largest customers into 2026.
The Toronto maker of data centre gear reported US$3.19 billion in Q3 revenue, up 28 percent, with adjusted EPS at US$1.58. It lifted 2025 revenue guidance to US$12.2 billion and set a 2026 target of US$16.0 billion. That scale gives management more pull in parts and freight, and keeps plants booked through next year.
Raised Outlook Into 2026
Management said demand from its biggest customers, who are pouring money into AI data centres, supports that 2026 plan and could stretch into 2027. If those orders hold, suppliers tied to Celestica now have to staff up and buy parts earlier, which costs real cash. Margins also ticked up, with adjusted operating margin at 7.6 percent, which pays for more capacity without a dilutive raise.
Celestica’s chief executive, Rob Mionis, said, “We achieved very strong results in the third quarter.” That means volumes and pricing are coming in above plan, which strengthens their hand with customers.
Board Moves and Control
Laurette T. Koellner rejoined the board on October 28 after stepping down in January. The board is back to 10 members, which keeps continuity over hiring, budgets, and big contract risk. For a contractor that lives on a few giant customers, steady board control matters more than a glossy badge.
Board chair Mike Wilson said, “We are pleased to welcome Laurette back to our Board of Directors.” He is telling investors the governance plan is unchanged while the company scales.
Most of the growth here rides on US hyperscalers, not Canadian buyers. That pulls Canadian jobs and spend along, but those foreign customers can still yank timing or price. The real power sits with the buyers writing the biggest cheques, so Celestica needs to keep winning full rack programs, not one off parts.
