Recent News
Jul. 27, 2026 — Celestica reported Q2 2026 results showing revenue of $4.70 billion and adjusted EPS $2.54, and raised full-year 2026 revenue guidance to $20.5 billion. Aug. 5, 2026 — the company announced and priced a $3.0 billion equity offering to fund working capital and capital expenditures, with closing expected in early August; related filings note an underwriting agreement and prospectus supplements. Aug. 7–10, 2026 — filings and company notices indicate completion steps for the offering; Sept. 8–11, 2026 — the company scheduled an Investor & Analyst Day (Oct. 27) and announced leadership changes to support growth.
Technical Analysis
Directional indicators: ADX at 13.7 indicates no established trend; directional readings show DI+ 32.41 rising and DI- 24.03 falling, which implies directional bias toward buyers but not yet a strong trend.
MACD and momentum: MACD sits at 2.05 with the signal line at -1.73 and the MACD labeled as a dip-and-reversal; the MACD currently crossing above its signal line signals bullish momentum resumption.
MRO (Momentum/Regression Oscillator): MRO reads 8.01 (positive), indicating the price sits above the model target and therefore carries a modest mean-reversion risk; the oscillator’s peak-and-reversal note implies recent upside that could face limited pullback pressure.
RSI and short-term strength: RSI near 49.9 with a dip-and-reversal shows the oscillator recovering from a short-term pullback but remaining in neutral territory, supporting range-bound upside rather than an extended breakout.
Price vs averages and volatility: Last close $344.40 exceeds the 12-day EMA $326.12, the 26-day EMA $322.72, the 50-day average $323.11 and the 200-day average $328.93, which aligns short-term price strength with the MACD signal. Bollinger bands place price above the 1σ upper band ($341.88), suggesting near-term volatility and potential reversion. SuperTrend lower support sits near $296.62; implied targets from analysts show a mean near $340.21 with a wide high/low range — consistent with elevated 42-day and 52-week betas (3.44 and 3.15) and above-average volatility.
Fundamental Analysis
Earnings and guidance: Adjusted EPS reported $2.54 versus an estimate of $2.31, an outperformance of $0.23 or a 9.96% surprise; management raised its 2026 outlook, citing strengthened customer forecasts and component supply improvements.
Revenue and margins: Total revenue $4.70 billion for the period and YoY revenue growth of 74.20% reflect significant top-line acceleration. EBIT stands at $462.8 million, producing an EBIT margin of 9.85%. That EBIT margin sits above the industry peer mean of approximately -0.74% and below the industry peer median of about 16.49%.
Profitability and cash flow: Gross margin 12.29% and operating margin ~9.82% support the operating leverage metric of 4.35. Operating cash flow $245.0 million and free cash flow $147.1 million produce a cash conversion ratio near 3.37 and free cash flow yield of 0.36%. Cash on hand totals $535.7 million with net debt $274.7 million, and interest coverage about 21.8x, indicating ample coverage of interest obligations.
Capital structure and returns: Debt-to-EBITDA approximately 1.60 and debt-to-equity about 0.327; return on equity 14.87% and return on invested capital 11.75% show material returns on capital as the business scales. Asset turnover 0.52 and days inventory outstanding ~76.8 days highlight working-capital intensity during rapid revenue growth; cash conversion cycle improved QoQ and YoY.
Valuation metrics: Trailing P/E stands near 138.46 with forward P/E ~73.37 and an enterprise multiple above 80x; price-to-book near 16.31 and price-to-sales about 8.61. WMDST values the stock as over-valued. Dozens of analysts’ targets remain widely dispersed, producing a large implied valuation range and reflecting differing views on scale and margin sustainability.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-06-30 |
| REPORT DATE: | 2026-07-27 |
| NEXT REPORT DATE: | 2026-10-26 |
| CASH FLOW | Begin Period Cash Flow | $ 378.0 M |
| Operating Cash Flow | $ 245.0 M | |
| Capital Expenditures | $ -263.80 M | |
| Change In Working Capital | $ 108.6 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ 157.7 M | |
| End Period Cash Flow | $ 535.7 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 4.7 B | |
| Forward Revenue | $ 1.8 B | |
| COSTS | ||
| Cost Of Revenue | $ 4.1 B | |
| Depreciation | $ 32.1 M | |
| Depreciation and Amortization | $ 44.0 M | |
| Research and Development | $ 46.3 M | |
| Total Operating Expenses | $ 4.2 B | |
| PROFITABILITY | ||
| Gross Profit | $ 577.5 M | |
| EBITDA | $ 506.8 M | |
| EBIT | $ 462.8 M | |
| Operating Income | $ 461.2 M | |
| Interest Income | $ 3.8 M | |
| Interest Expense | $ 21.2 M | |
| Net Interest Income | $ -17.40 M | |
| Income Before Tax | $ 441.6 M | |
| Tax Provision | $ 72.8 M | |
| Tax Rate | 16.486 % | |
| Net Income | $ 368.8 M | |
| Net Income From Continuing Operations | $ 368.8 M | |
| EARNINGS | ||
| EPS Estimate | $ 2.31 | |
| EPS Actual | $ 2.54 | |
| EPS Difference | $ 0.23 | |
| EPS Surprise | 9.957 % | |
| Forward EPS | $ 4.96 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 9.8 B | |
| Intangible Assets | $ 577.8 M | |
| Net Tangible Assets | $ 1.9 B | |
| Total Current Assets | $ 7.6 B | |
| Cash and Short-Term Investments | $ 535.7 M | |
| Cash | $ 535.7 M | |
| Net Receivables | $ 3.3 B | |
| Inventory | $ 3.4 B | |
| Long-Term Investments | $ 250.3 M | |
| LIABILITIES | ||
| Accounts Payable | $ 3.8 B | |
| Short-Term Debt | $ 26.4 M | |
| Total Current Liabilities | $ 6.2 B | |
| Net Debt | $ 274.7 M | |
| Total Debt | $ 810.4 M | |
| Total Liabilities | $ 7.3 B | |
| EQUITY | ||
| Total Equity | $ 2.5 B | |
| Retained Earnings | $ 882.0 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 21.57 | |
| Shares Outstanding | 114.982 M | |
| Revenue Per-Share | $ 40.86 | |
| VALUATION | Market Capitalization | $ 40.4 B |
| Enterprise Value | $ 40.7 B | |
| Enterprise Multiple | 80.335 | |
| Enterprise Multiple QoQ | -32.26 % | |
| Enterprise Multiple YoY | 26.223 % | |
| Enterprise Multiple IPRWA | high: 302.042 median: 97.5 mean: 93.62 CLS: 80.335 low: -254.06 |
|
| EV/R | 8.665 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 3.947 | |
| Asset To Liability | 1.339 | |
| Debt To Capital | 0.246 | |
| Debt To Assets | 0.083 | |
| Debt To Assets QoQ | -11.453 % | |
| Debt To Assets YoY | -40.954 % | |
| Debt To Assets IPRWA | high: 0.731 median: 0.229 mean: 0.208 CLS: 0.083 low: 0.001 |
|
| Debt To Equity | 0.327 | |
| Debt To Equity QoQ | -11.219 % | |
| Debt To Equity YoY | -34.354 % | |
| Debt To Equity IPRWA | high: 2.204 mean: 0.442 median: 0.36 CLS: 0.327 low: -0.8 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 16.309 | |
| Price To Book QoQ | -6.493 % | |
| Price To Book YoY | 46.593 % | |
| Price To Book IPRWA | high: 17.779 CLS: 16.309 mean: 8.607 median: 8.085 low: -2.382 |
|
| Price To Earnings (P/E) | 138.464 | |
| Price To Earnings QoQ | -6.038 % | |
| Price To Earnings YoY | 86.163 % | |
| Price To Earnings IPRWA | high: 454.629 mean: 142.203 CLS: 138.464 median: 108.536 low: -148.034 |
|
| PE/G Ratio | 7.87 | |
| Price To Sales (P/S) | 8.607 | |
| Price To Sales QoQ | -4.82 % | |
| Price To Sales YoY | 27.333 % | |
| Price To Sales IPRWA | high: 91.147 mean: 32.813 median: 31.03 CLS: 8.607 low: 0.118 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 73.372 | |
| Forward PE/G | 4.171 | |
| Forward P/S | 22.262 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 4.345 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.521 | |
| Asset Turnover Ratio QoQ | -0.461 % | |
| Asset Turnover Ratio YoY | 8.658 % | |
| Asset Turnover Ratio IPRWA | high: 0.574 CLS: 0.521 mean: 0.154 median: 0.14 low: 0.002 |
|
| Receivables Turnover | 1.444 | |
| Receivables Turnover Ratio QoQ | 3.606 % | |
| Receivables Turnover Ratio YoY | 10.422 % | |
| Receivables Turnover Ratio IPRWA | high: 2.33 median: 1.607 mean: 1.589 CLS: 1.444 low: 0.353 |
|
| Inventory Turnover | 1.357 | |
| Inventory Turnover Ratio QoQ | -8.646 % | |
| Inventory Turnover Ratio YoY | -0.314 % | |
| Inventory Turnover Ratio IPRWA | high: 3.153 CLS: 1.357 mean: 0.849 median: 0.799 low: 0.165 |
|
| Days Sales Outstanding (DSO) | 63.172 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 52.643 | |
| Cash Conversion Cycle Days QoQ | -17.914 % | |
| Cash Conversion Cycle Days YoY | -37.215 % | |
| Cash Conversion Cycle Days IPRWA | high: 389.683 mean: 107.636 median: 93.299 CLS: 52.643 low: -57.115 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 3.369 | |
| CapEx To Revenue | -0.056 | |
| CapEx To Depreciation | -8.218 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 3.3 B | |
| Net Invested Capital | $ 3.3 B | |
| Invested Capital | $ 3.3 B | |
| Net Tangible Assets | $ 1.9 B | |
| Net Working Capital | $ 1.4 B | |
| LIQUIDITY | ||
| Cash Ratio | 0.087 | |
| Current Ratio | 1.226 | |
| Current Ratio QoQ | -2.652 % | |
| Current Ratio YoY | -14.687 % | |
| Current Ratio IPRWA | high: 14.857 mean: 2.733 median: 1.813 CLS: 1.226 low: 0.516 |
|
| Quick Ratio | 0.675 | |
| Quick Ratio QoQ | -7.88 % | |
| Quick Ratio YoY | -21.404 % | |
| Quick Ratio IPRWA | high: 14.373 mean: 2.211 median: 1.399 CLS: 0.675 low: 0.332 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 1.599 | |
| Cost Of Debt | 2.237 % | |
| Interest Coverage Ratio | 21.83 | |
| Interest Coverage Ratio QoQ | 28.271 % | |
| Interest Coverage Ratio YoY | 8.828 % | |
| Interest Coverage Ratio IPRWA | high: 163.5 CLS: 21.83 mean: 9.185 median: 7.785 low: -149.225 |
|
| Operating Cash Flow Ratio | 0.04 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 87.307 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 18.494 % | |
| Revenue Growth | 16.101 % | |
| Revenue Growth QoQ | 50.084 % | |
| Revenue Growth YoY | 74.197 % | |
| Revenue Growth IPRWA | high: 71.255 % CLS: 16.101 % mean: 12.309 % median: 8.503 % low: -33.957 % |
|
| Earnings Growth | 17.593 % | |
| Earnings Growth QoQ | 23.149 % | |
| Earnings Growth YoY | -65.949 % | |
| Earnings Growth IPRWA | high: 200.0 % median: 23.404 % mean: 21.402 % CLS: 17.593 % low: -200.0 % |
|
| MARGINS | ||
| Gross Margin | 12.291 % | |
| Gross Margin QoQ | 13.774 % | |
| Gross Margin YoY | -4.141 % | |
| Gross Margin IPRWA | high: 98.113 % mean: 42.434 % median: 38.478 % CLS: 12.291 % low: -57.962 % |
|
| EBIT Margin | 9.85 % | |
| EBIT Margin QoQ | 46.403 % | |
| EBIT Margin YoY | 5.246 % | |
| EBIT Margin IPRWA | high: 54.087 % median: 16.488 % CLS: 9.85 % mean: -0.744 % low: -486.583 % |
|
| Return On Sales (ROS) | 9.816 % | |
| Return On Sales QoQ | 48.39 % | |
| Return On Sales YoY | -1.038 % | |
| Return On Sales IPRWA | high: 35.194 % median: 15.494 % mean: 15.302 % CLS: 9.816 % low: -229.509 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 147.1 M | |
| Free Cash Flow Yield | 0.364 % | |
| Free Cash Flow Yield QoQ | 5.202 % | |
| Free Cash Flow Yield YoY | -40.62 % | |
| Free Cash Flow Yield IPRWA | high: 11.872 % median: 0.641 % mean: 0.509 % CLS: 0.364 % low: -16.267 % |
|
| Free Cash Growth | 16.009 % | |
| Free Cash Growth QoQ | -185.766 % | |
| Free Cash Growth YoY | -43.024 % | |
| Free Cash Growth IPRWA | high: 458.586 % mean: 32.692 % median: 28.663 % CLS: 16.009 % low: -359.143 % |
|
| Free Cash To Net Income | 0.399 | |
| Cash Flow Margin | 5.214 % | |
| Cash Flow To Earnings | 0.664 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 4.087 % | |
| Return On Assets QoQ | 48.943 % | |
| Return On Assets YoY | 16.938 % | |
| Return On Assets IPRWA | high: 5.859 % CLS: 4.087 % median: 1.741 % mean: 0.364 % low: -27.727 % |
|
| Return On Capital Employed (ROCE) | 12.827 % | |
| Return On Equity (ROE) | 0.149 | |
| Return On Equity QoQ | 46.995 % | |
| Return On Equity YoY | 23.911 % | |
| Return On Equity IPRWA | CLS: 0.149 high: 0.07 median: 0.045 mean: 0.028 low: -0.481 |
|
| DuPont ROE | 16.112 % | |
| Return On Invested Capital (ROIC) | 11.748 % | |
| Return On Invested Capital QoQ | 49.523 % | |
| Return On Invested Capital YoY | 39.293 % | |
| Return On Invested Capital IPRWA | CLS: 11.748 % high: 6.437 % median: 3.097 % mean: 2.132 % low: -14.412 % |
|