Celestica Share Drop Likely Profit-Taking Despite Big Outlook Upgrade -- Market Talk

Dow Jones

Apr 28

10:36 ET - Celestica's stock drop is likely profit-taking action rather than any reflection of fundamentals, says TD Cowen analyst John Shao. Shares are trading 13% lower at C$503.08. In a report, Shao says the electronics manufacturer and supply-chain services company's sharply higher 2026 outlook is good for visibility moving forward, calling the magnitude of the guidance increase the "biggest positive surprise" of the quarter. He notes that revenue and EPS forecasts were raised by 12% and 16%, with margins also moving higher, a shift he attributes to "accelerating growth from CCS customers" and improving profitability across the business. Shao also says that Celestica maintained its $500 million free cash flow target even after lifting revenue guidance by $2 billion, a gap he thinks could be filled. (adriano.marchese@wsj.com)

(END) Dow Jones Newswires

April 28, 2026 10:36 ET (14:36 GMT)

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Shares are trading 13% lower at C$503.08. In a report, Shao says the electronics manufacturer and supply-chain services company's sharply higher 2026 outlook is good for visibility moving forward, calling the magnitude of the guidance increase the \"biggest positive surprise\" of the quarter. He notes that revenue and EPS forecasts were raised by 12% and 16%, with margins also moving higher, a shift he attributes to \"accelerating growth from CCS customers\" and improving profitability across the business. Shao also says that Celestica maintained its $500 million free cash flow target even after lifting revenue guidance by $2 billion, a gap he thinks could be filled. (adriano.marchese@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 28, 2026 10:36 ET (14:36 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Celestica Share Drop Likely Profit-Taking Despite Big Outlook Upgrade -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCelestica Share Drop Likely Profit-Taking Despite Big Outlook Upgrade -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-04-28 22:36</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  10:36 ET - Celestica's stock drop is likely profit-taking action rather than any reflection of fundamentals, says TD Cowen analyst John Shao. Shares are trading 13% lower at C$503.08. In a report, Shao says the electronics manufacturer and supply-chain services company's sharply higher 2026 outlook is good for visibility moving forward, calling the magnitude of the guidance increase the \"biggest positive surprise\" of the quarter. He notes that revenue and EPS forecasts were raised by 12% and 16%, with margins also moving higher, a shift he attributes to \"accelerating growth from CCS customers\" and improving profitability across the business. Shao also says that Celestica maintained its $500 million free cash flow target even after lifting revenue guidance by $2 billion, a gap he thinks could be filled. 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Shares are trading 13% lower at C$503.08. In a report, Shao says the electronics manufacturer and supply-chain services company's sharply higher 2026 outlook is good for visibility moving forward, calling the magnitude of the guidance increase the \"biggest positive surprise\" of the quarter. He notes that revenue and EPS forecasts were raised by 12% and 16%, with margins also moving higher, a shift he attributes to \"accelerating growth from CCS customers\" and improving profitability across the business. Shao also says that Celestica maintained its $500 million free cash flow target even after lifting revenue guidance by $2 billion, a gap he thinks could be filled. 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Shares are trading 13% lower at C$503.08. In a report, Shao says the electronics manufacturer and supply-chain services company's sharply higher 2026 outlook is good for visibility moving forward, calling the magnitude of the guidance increase the \"biggest positive surprise\" of the quarter. He notes that revenue and EPS forecasts were raised by 12% and 16%, with margins also moving higher, a shift he attributes to \"accelerating growth from CCS customers\" and improving profitability across the business. Shao also says that Celestica maintained its $500 million free cash flow target even after lifting revenue guidance by $2 billion, a gap he thinks could be filled. 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