Why Celestica Stock Is Up 20% in 5 Days and Just Keeps Climbing

Celestica just posted blockbuster earnings and raised its outlook — helping this hot Canadian tech giant soar.

| More on:
semiconductor chip etching

Source: Getty Images

Key Points

  • Celestica shares have climbed 20% in five days after exceeding third-quarter expectations with 28% revenue growth and 52% earnings increase.
  • The company raised its 2025 forecast, driven by strong AI data center demand, and anticipates continued solid growth in 2026.
  • Supportive strategic moves, including a share buyback and leadership strengthening, further boost investor confidence.

Celestica (TSX:CLS) is already among the hottest Canadian tech stocks of 2025, and its rally seems to be accelerating further this week. CLS shares have surged more than 20% in just five days and currently trade around $444 per share with a market cap of $49 billion.
Clearly, investors are piling in – and for good reason. Let’s take a quick look.

Blowout third-quarter results send Celestica stock soaring

Earlier in the week, Celestica crushed expectations with its third-quarter results. For the quarter, the company’s revenue came in at US$3.2 billion, up a massive 28% year over year, while its adjusted earnings jumped 52% to US$1.58 per share – both above the high end of its own guidance.

Encouraged by solid results, the Toronto-based firm raised its full-year outlook, now calling for US$12.2 billion in 2025 revenue and adjusted earnings of US$5.90 per share with the help of growing demand from its artificial intelligence (AI) data centre customers.

More importantly, Celestica is forecasting US$16 billion in revenue and US$8.20 per share in adjusted earnings for 2026 – suggesting another strong growth year as AI infrastructure investments continue.

More than just strong numbers

Beyond the strong earnings, Celestica also announced plans to renew its share buyback program and welcomed back a key board member, Laurette Koellner, adding more confidence in its leadership.

Clearly, Celestica is firing on all cylinders – financially and strategically. And with demand from AI and data centres still heating up, this rally may have more room to run.

Fool contributor Jitendra Parashar has positions in Celestica. The Motley Fool recommends Celestica. The Motley Fool has a disclosure policy.

More on Tech Stocks

Young adult concentrates on laptop screen
Tech Stocks

Where Will Constellation Software Stock Be in 5 Years?

Down 35% from all-time highs, Constellation Software is a TSX tech stock that offers significant upside potential to investors.

Read more »

top canadian stocks january 2026
Tech Stocks

Just Released: 5 Top Motley Fool Stocks to Buy in January 2026

Stock Advisor Canada is kicking off 2026 with our newest collection of top stocks to buy this month.

Read more »

hot air balloon in a blue sky
Tech Stocks

1 Soaring Stock I’d Buy Now With No Hesitation

Looking for a soaring stock with real momentum? Shopify’s growth, profitability, and AI expansion make it a compelling buy right…

Read more »

visualization of a digital brain
Tech Stocks

2 Top Canadian AI Stocks to Buy in January

Canadian AI stocks such as Docebo and Kinaxis offer significant upside potential to shareholders in January 2026.

Read more »

Paper Canadian currency of various denominations
Tech Stocks

TFSA: Top Canadian Stocks for Big Tax-Free Capital Gains

The real magic of a TFSA happens when quality growth stocks can grow and multiply.

Read more »

e-commerce shopping getting a package
Tech Stocks

2 Laggards With High Upside Potential on the TSX Today

Given their long-term growth opportunities and discounted valuation, these two underperforming TSX stocks can deliver superior returns.

Read more »

warehouse worker takes inventory in storage room
Tech Stocks

Boost the Average TFSA at 50 in Canada With 3 Market Moves This January

A January TFSA reset at 50 works best when you automate contributions and stick with investments that compound for years.

Read more »

Rocket lift off through the clouds
Tech Stocks

2 Growth Stocks Set to Skyrocket in 2026 and Beyond

Growth stocks like Blackberry and Well Health Technologies are looking forward to leveraging strong opportunities in their respective industries.

Read more »