By Adriano Marchese

Celestica is contending with longer waits as it works to secure key advanced components amid an overstretched supply chain.

The Toronto-based electronics manufacturer and supply-chain services company, which makes hardware for communications, cloud, aerospace, defense, industrial and automotive customers, is facing shortages which Chief Executive Robert Mionis said have worsened in recent months.

"We are experiencing more component shortages now than 90 days ago," Mionis said on an earnings call Tuesday, pointing to rising demand and suppliers struggling to keep up.

Celestica has upgraded its outlook for 2026, now expecting revenue of $19 billion in the year, up from a previous forecast of $17 billion, well above analyst projections. The company credits the rosier outlook to a higher degree of confidence going forward, thanks to strengthening demand outlook, and said it expects the momentum to continue beyond 2026, with revenue forecasted to grow by an even quicker pace in 2027.

The outlook factors in the dynamic environment Celestica is operating in, one that Mionis sees as persisting into the future as well.

"The constraints are just starting. We're right in the thick of things," he said in the call. "I think it will get better, or at least more dynamic as the year gets long."

Shares fell nearly 15% to 491.28 Canadian dollars ($360.47).

Still, demand remains robust. Mionis said there is strong and accelerating demand from the company's hyperscaler customer base and from its advanced technology solutions segment.

Late on Monday, Celestica reported a 53% rise in revenue to $4.05 billion, with earnings more than doubling to $212.3 million from $86.2 million, or $1.83 per share, up from 74 cents.

Adjusted earnings of $2.16 topped its own guidance of $1.95 to $2.15 a share, and expectations of $2.08, according to FactSet.

Looking ahead to the second quarter, the company expects revenue of $4.15 billion to $4.45 billion, with adjusted earnings in the range of $2.14 to $2.34 a share. Analysts expect $4.19 billion in revenue and $2.14 a share of adjusted earnings.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

April 28, 2026 11:20 ET (15:20 GMT)

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