Overview
- Celestica reported non-GAAP EPS of $1.58 on revenue of $3.19 billion, topping Street estimates of $1.47 and $3.01 billion, respectively.
- Year over year, revenue grew 28% and adjusted EPS rose 52%, with an adjusted operating margin of 7.6% highlighted as a company high.
- The company lifted its fiscal 2025 outlook to $12.2 billion in revenue and $5.90 in adjusted EPS, up from $11.55 billion and $5.50.
- Shares rose 9.32% in extended trading to $329.95 following the earnings release and outlook boost, according to Benzinga Pro.
- Ahead of results, several firms raised targets or initiated bullish coverage, including RBC Capital ($315) and Goldman Sachs ($340), with others updating views at TD Cowen, J.P. Morgan and Citigroup.