Boom in AI Infrastructure: Celestica Exceeds Expectations and Significantly Raises Forecasts
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Dynamic Quarterly Growth: Revenue climbed by 82.5% in the third quarter to $5.83 billion, while adjusted earnings per share rose by 109% to $3.30. Increased Forecast for 2026: For the full year, management now expects revenue of $21.0 billion and adjusted earnings per share of $11.55. Aggressive Outlook for 2027: Driven by sustained large orders from global hyperscalers, the electronics manufacturer aims to double its revenue to $40 billion by 2027. The Canadian manufacturing specialist Celestica (CLS) is fully benefiting...
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