On July 28, Celestica rose 8.23% overnight, trading at $344.44 per share. The stock surged following the release of second-quarter results that significantly exceeded market expectations, coupled with a substantial upward revision to full-year guidance.

Celestica reported Q2 adjusted earnings of $2.54 per diluted share, beating the analyst consensus estimate of $2.27 by approximately 11.9% and representing an 82.7% increase from $1.39 in the year-ago period. Revenue rose to $4.7 billion from $2.89 billion a year earlier, surpassing the FactSet estimate of $4.33 billion, reflecting 62% year-over-year growth. The company also issued Q3 guidance of adjusted EPS of $2.88 to $3.08 on revenue of $5.25 to $5.55 billion, well above analyst projections of $2.65 EPS on $4.94 billion revenue. Additionally, Celestica raised its full-year outlook to adjusted EPS of $11.30 on revenue of $20.5 billion, up from prior guidance of $10.15 EPS on $19 billion revenue, both exceeding Wall Street estimates.

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