Celestica Inc. has once again increased its revenue forecast for the full year, marking the third consecutive rise driven by escalating demand within its cloud-computing sector. The company's Connectivity & Cloud Solutions (CCS) business is experiencing rapid growth, fuelled by the demand for AI-powered networking gear and cloud infrastructure from major tech players.
In the first quarter of 2025, CCS revenue reached $1.84 billion, a 28% increase year-over-year. Key AI-related products such as servers, integrated rack solutions, and high-performance networking switches are critical to modern AI workloads. Celestica now anticipates annual revenue of $11.55 billion, up from $10.85 billion, and adjusted EPS of $5.50, up from $5.00. For the third quarter of 2025, the company projects revenue between $2.875 and $3.125 billion and adjusted EPS of $1.37 to $1.53.
Celestica's Q2 results showed revenue reaching $2.89 billion, a 21% increase from Q2 2024, with adjusted EPS of $1.39, up 54% from the previous year. The CCS segment revenue grew 28% to $2.07 billion, while the Advanced Technology Solutions (ATS) segment revenue increased 7% to $0.82 billion. This growth reflects Celestica's strengthening position in high-demand markets, benefiting from AI and cloud computing infrastructure expansion.
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