On July 28, Celestica rose 5.58% in pre-market trading, trading at $330.0/share, with turnover of $1.3819 million. The stock surged following a strong second-quarter earnings report that significantly exceeded market expectations on all key metrics.
Celestica reported Q2 adjusted earnings per share of $2.54, beating the consensus estimate of $2.27 by approximately 11.9% and representing an 82.7% year-over-year increase. Revenue came in at $4.7 billion, surpassing the expected $4.372 billion and growing 62% year-over-year. The company simultaneously raised its full-year revenue guidance to $20.5 billion from the prior $19 billion, and lifted full-year adjusted EPS to $11.30 from $10.15. For Q3, the company guided revenue of $5.25 billion to $5.55 billion, with a midpoint of $5.4 billion, well above market expectations of $5.01 billion. Management also indicated that revenue growth in the following fiscal year is expected to exceed the current year's 65% growth rate, reflecting robust demand for AI-related orders and cloud solutions.
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