On July 30, Celestica rose 6.23% in regular trading, trading at $349.33/share, with turnover of $98.36 million. The stock rebounded strongly after declining 5.31% in the prior session alongside broad sector weakness, as the Electronic Manufacturing Services sector saw widespread recovery.

On the news front, the rally is driven by the continued positive impact of the company's Q2 earnings report released earlier this week, which significantly beat market expectations. Celestica posted Q2 revenue of $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 also raised full-year revenue guidance to $20.5 billion and adjusted EPS to $11.30, both far exceeding prior forecasts. Additionally, management indicated that revenue growth is expected to accelerate further into fiscal year 2027, supported by new project wins and strong AI infrastructure demand.

Within the Electronic Manufacturing Services sector, TTM Technologies rose 8.11%, Sanmina gained 5.57%, Fabrinet rose 5.37%, Jabil Circuit advanced 4.55%, and Flex Ltd gained 2.29%.

(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.)