On July 21, Celestica rose 5.36% in regular trading, trading at $323.8/share with turnover of $189 million. The rally was catalyzed by a UBS research report indicating that supply chain headwinds previously constraining the company have been resolved, while demand from Meta and Amazon for Ethernet switches remains robust.

UBS's industry survey suggests Celestica's current quarter revenue could exceed consensus estimates by 3% to 4%, driven by strengthening data center networking switch demand despite ongoing Broadcom chip shortages. The company is set to report earnings on July 27 after market close, with consensus expecting revenue of approximately $4.37 billion, representing 63.12% year-over-year growth, and adjusted EPS of $2.30, up 85.31% year-over-year. Investment bank Stifel has also highlighted Celestica as a name where valuation has compressed significantly following the recent AI hardware selloff, characterizing the decline as a valuation reset rather than a demand signal.

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