{
  "id": 16815108,
  "title": "Why Celestica Stock Jumped Today",
  "url": "https://urgent.news/2026/10/27/why-celestica-stock-jumped-today",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-27T23:23:01.000Z",
  "source": {
    "name": "Motley Fool",
    "slug": "motley-fool",
    "url": "https://www.fool.com/investing/2026/10/27/why-celestica-stock-jumped-today/?source=iedfolrf0000001"
  },
  "original_language": "en",
  "account": "Shares of engineering and supply chain solutions provider Celestica (CLS) surged over 12% on Tuesday after the company raised its full-year profit targets. The firm's revenue grew by 83% year-over-year, reaching $5.8 billion in the third quarter. This impressive growth was primarily driven by a staggering 102% surge in connectivity and cloud solutions revenue, which now totals $4.9 billion. Compute and storage-related sales experienced remarkable growth of 242%, mainly fueled by a growing demand for artificial intelligence (AI) infrastructure from Celestica's major cloud computing clients.\n\nMoreover, Celestica's adjusted operating margin improved to 8.5% from 7.6% in the same quarter last year. Consequently, the company's adjusted earnings per share (EPS) surged 109% to $3.30. These encouraging sales trends prompted Celestica to revise its full-year financial guidance, anticipating significant year-over-year growth. The company now expects revenue to increase by 69% to $21 billion and adjusted earnings to rise by 91% to $11.55 per share, a marked improvement from its previous forecast of $20.5 billion and $11.30, respectively.\n\nInvestors were clearly pleased with the company's optimistic outlook for the year 2027. In fact, Celestica now projects revenue and adjusted earnings per share to soar to $40 billion and $21.50, respectively, next year. CEO Rob Mionis acknowledged the company's strong position in supporting leading hyperscalers and frontier AI labs throughout the ongoing AI infrastructure supercycle. The management team remains optimistic about the demand environment, which they believe is very robust and will continue to support their 2027 revenue outlook, with customer demand forecasts significantly higher for 2028.",
  "summary": "Demand for AI infrastructure is off the charts.",
  "key_points": [
    "Celestica raises full-year profit targets",
    "Revenue grows 83% YoY to $5.8 billion in Q3",
    "Adjusted EPS surges 109% to $3.30"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Nasdaq Markets",
        "title": "Why Celestica Stock Jumped Today",
        "url": "https://urgent.news/2026/10/27/why-celestica-stock-jumped-today-16823490",
        "published": "2026-10-27T23:43:01.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}