Celestica Outperforms AI Hardware Slump with Long-Term Demand

Dow Jones
07/30

1414 ET - Celestica's strong 2Q results, growth profile and extended order visibility are key drivers of its idiosyncratic outperformance, says RBC. In a report, Paul Treiber says Celestica's shares got a boost due to solid 2Q performance and a 2026-2027 outlook above consensus. "Celestica is executing well, with share gains, an increasing mix of high-quality revenue, and improving visibility to growth," he says, pointing to surging demand for AI compute and networking alongside supply agreements for hard-to-source components like memory.Shares are down 6.9% to C$458.82 but are up 64% over the last 52 weeks.

 

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