On July 30, Celestica rose 5.05% in pre-market trading, trading at 345.7 USD/share, with turnover of $5.3489 million. The stock rebounded following the previous session's 5.31% decline alongside broader sector pressure.

The recovery is driven by the continuation of strong Q2 earnings momentum and a broad-based rebound in the Electronic Manufacturing Services sector. Celestica reported Q2 revenue of $4.7 billion, up 62% year-over-year and well above the $4.33 billion consensus estimate. Adjusted EPS came in at $2.54, beating the $2.27 estimate by nearly 12%. The company raised full-year revenue guidance to $20.5 billion and adjusted EPS to $11.30, both significantly above prior forecasts. Management indicated 2027 revenue growth would accelerate further, supported by new program wins and strong AI infrastructure demand.

RBC Capital Markets raised its price target to $450 from $440, citing market share gains from strong execution and synergies between design and manufacturing. The broader sector also recovered, with TTM Technologies up 7.12%, Fabrinet up 4.70%, Flex up 3.87%, Jabil up 3.45%, and TE Connectivity up 0.58%.

(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.)