Celestica's AI Demand Surge

Celestica's AI Demand Surge

28 July 2025

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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Published on 28 July 2025
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Celestica's AI Demand Surge