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Celestica
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Updated Oct 30, 2026
Celestica announces TSX acceptance of normal course issuer bid to repurchase up to 3.1M shares.
Celestica received Toronto Stock Exchange approval on October 30, 2026 to repurchase up to 3,132,127 common shares (2.5% of public float) over a 12-month period commencing November 3, 2026. The company repurchased only 205,184 shares under its prior bid at a weighted average price of $271.75 USD per share. This capital allocation decision reflects management confidence in intrinsic value while the company retains flexibility to deploy capital toward growth priorities.
Tone: neutralRevenue
$12.4B
CLS 10-K · FY 2025
Employees
29,591
Revenue FY2024
$9.6B
Founded
1996
Profile
CLS 10-K Item 1 · Feb 27, 2026Celestica is a Toronto-based technology and manufacturing services company that designs, engineers, and manufactures critical data center infrastructure, networking, and advanced technology products for hyperscalers, cloud providers, OEMs, and diversified industrial customers. The company operates across two segments: Connectivity and Cloud Solutions (CCS), focused on data center and networking products, and Advanced Technology Solutions (ATS), serving aerospace and defense, industrial, HealthTech, and capital equipment markets. Its Hardware Platform Solutions (HPS) business, an ODM-led offering, is the fastest-growing part of the business and is central to its competitive differentiation.
Read filing description ↓ Collapse description ↑
Celestica is a technology leader with deep expertise in design, engineering, manufacturing, supply chain, and platform solutions. Celestica enables critical data center infrastructure for AI, cloud and hybrid cloud, and advances technologies in high-growth markets. We serve across two operating and reportable segments: Connectivity and Cloud Solutions (CCS) and Advanced Technology Solutions (ATS). Our CCS segment consists of our Communications and Enterprise end markets. Our Enterprise end market is comprised of our servers and storage businesses. Our ATS segment consists of our ATS end market, and is comprised of our Aerospace and Defense (A&D), Industrial, HealthTech, and Capital Equipment businesses. Customers in our CCS segment include cloud-based service providers, hyperscalers and other data center customers (including digital native companies), as well as hardware original equipment manufacturer (OEMs) and enterprise customers. We offer a comprehensive range of products and services that cover the entire technology product lifecycle, including hardware design and development, new product introduction, engineering services, supply chain management and logistics, electronics manufacturing and assembly, complex mechanical assembly, precision machining, systems integration, testing, product licensing, software enablement solutions, and services, including asset management and disposition (ITAM/ITAD) services. Our Hardware Platform Solutions (HPS) offering within our CCS segment enables the development of customized technology platforms, including hardware and systems-level design, software solutions, management of program design and aspects of the supply chain, manufacturing, and services. In recent years, we have experienced an increasing shift in the mix of our programs towards cloud-based and other service providers, primarily hyperscalers, which are cyclically different from our traditional OEM customers, and currently experiencing a period of significant increases in product deployments to support their build-out of data center infrastructure, including to support AI applications.
Primary products
- Networking switches
- Optical systems
- Data center racks
- Servers and storage products
- Hardware Platform Solutions (HPS)
- Printed circuit board (PCB) assembly
Business segments
End markets
Geographies
Named customers
In the aggregate, our top 10 customers represented 79% of total revenue for 2025, 73% for 2024 and 64% for 2023. In 2025, three customers (all in our CCS segment) individually represented 10% or more of total revenue (32%, 14% and 12%).
Named competitors
“We believe our competitive advantage is our track record in advanced manufacturing capabilities, design and engineering, quality, delivery, managing complexity and responsiveness enabling cost-effective solutions and speed-to-market, as well as value-added services, including engineering and supply chain services.” Competitive position, as stated in the filing
Revenue commentary · FY 2025
CCS segment revenue for 2025 increased 42% to $9.19 billion compared to $6.49 billion in 2024, with HPS revenue increasing 81% year-over-year and accounting for 41% of total revenue in 2025.
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