TORONTO, March 24, 2026 (GLOBE NEWSWIRE) -- Celestica Inc. (NYSE: CLS) (TSX: CLS), a global leader in data center infrastructure and advanced technology solutions, today announced that Michael Wilson will retire as Chair of Celestica’s Board of Directors (the “Board”) effective as of immediately prior to its Annual Meeting of Shareholders (“2026 Annual Meeting”) on May 19, 2026 and will not stand for re-election as a director at the 2026 Annual Meeting. Effective as of immediately prior to the 2026 Annual M ...

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Fresh off the latest FOMC meeting, one thing is clear: the Fed isn't in a rush.Jerome Powell made it known that rates are staying put for now. And while there's still a path to cuts later this year, it all hinges on how inflation behaves from here.The wildcard? Geopolitics.With the ongoing conflict in the Middle East, it's simply too early to tell how inflation and unemployment will shake out. Energy prices are already reacting. Supply chains could follow. And yet, despite all of that, Powell still describe ...

The race to build AI infrastructure is happening on an extraordinary scale right now. In 2026, the four largest tech companies alone are projected to spend a combined $650 billion or more on data centers and AI infrastructure, a huge jump in capital spending across the AI ecosystem. At the same time, the market for managing those data centers is expected to grow from about $3.02 billion in 2024 to roughly $5.01 billion in 2029, reflecting a compound annual growth rate (CAGR) of 10.6%. Put together, these ...

Celestica (CLS) ended the recent trading session at $273.58, demonstrating a -2.97% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 1.36% for the day. Elsewhere, the Dow lost 1.64%, while the tech-heavy Nasdaq lost 1.46%. Prior to today's trading, shares of the electronics manufacturing services company had lost 1.64% lagged the Computer and Technology sector's loss of 0.24% and was narrower than the S&P 500's loss of 1.76%.The upcoming earnings ...

Core Insights - Celestica Inc. has partnered with Advanced Micro Devices, Inc. to develop the Helios rack-scale AI platform, combining Celestica's manufacturing expertise with AMD's computing capabilities to enhance AI deployment [1] Group 1: Partnership and Product Development - Celestica will lead the R&D, design, and production of networking switches for the Helios platform, utilizing Open Compute Project and Open-Rack-Wide standards to ensure high-speed connectivity for AMD's Instinct MI450 Series GPUs [2][8] - The switches will support the Helios platform across various environments, addressing the increasing demand for efficient AI infrastructure and promoting faster AI adoption [3] Group 2: Market Position and Competitors - This collaboration enhances Celestica's role as a key provider of advanced data center and AI networking solutions, positioning the company to benefit from the growing global AI and hyperscale computing market [4] - Celestica faces competition from Arista Networks and NVIDIA, both of which are advancing their AI networking switch portfolios with new technologies to improve performance and scalability [5][6] Group 3: Financial Performance and Valuation - Celestica's stock has increased by 222.3% over the past year, outperforming the industry growth of 122% [7] - The company currently trades at a forward price-to-earnings ratio of 29.29, above the industry average of 22.36 [10] - Earnings estimates for 2026 and 2027 have risen by 7.55% to $8.83 and 7.05% to $12.61, respectively, over the past 60 days [11]

Celestica's ( CLS ) investors have been suffering from weak sentiment around the AI narrative over the last few months. Therefore, the stock is currently 9% cheaper than it was when I upgraded myComing from an IT background, I have dived into the U.S. stock market seven years ago by managing portfolio of my family. Starting managing real money has been challenging for the first time, but long hours of mastering fundamental analysis of public companies paid off and now I feel very confident in my investment ...

Key Takeaways Celestica and ANET are expanding AI infrastructure portfolios amid rising demand.ANET benefits from AI networking growth but faces competition and cost pressures.CLS gains from hyperscaler demand, partnerships, and diversified end markets.Celestica, Inc. (CLS) and Arista Networks Inc. (ANET) are major players in the AI infrastructure domain. The AI infrastructure sector is rapidly evolving and expected to grow at a substantial rate in the upcoming quarters. Growing digital transformation initi ...

Core Viewpoint - Celestica Inc. and AMD have announced a strategic collaboration to launch the "Helios" rack-scale AI platform, combining AMD's computing capabilities with Celestica's networking technologies [1][4]. Group 1: Collaboration Details - The collaboration involves Celestica handling the R&D, design, and manufacturing of networking switches for the AMD "Helios" AI architecture, which is based on the Open Compute Project standards [2]. - The networking switches will utilize advanced silicon to facilitate high-speed interconnects for the next-generation AMD Instinct™ MI450 Series GPUs, optimized for large-scale AI clusters [3]. Group 2: Product Features and Availability - The "Helios" platform will feature the Ultra Accelerator Link over Ethernet (UALoE) architecture for scale-up connectivity, adhering to open standards [3]. - The "Helios" platform is expected to be available to customers in late 2026 [3]. Group 3: Market Impact and Strategic Importance - The collaboration aims to support deployments of the "Helios" platform across various environments, including cloud, enterprise, and research, addressing the increasing demand for efficient AI solutions [4]. - The partnership is positioned to enhance supply chain resiliency and reduce time-to-value for organizations investing in AI technologies [4].

Core Insights - Celestica Inc. has established itself as a crucial partner for network equipment manufacturers amid the rapid deployment of 5G technology in the telecom industry [1] - The company leverages its expertise in electronics manufacturing services and supply chain management to enhance the reliability and scalability of network infrastructure for telecom providers [1] Group 1: Company Capabilities - Celestica specializes in the design, manufacturing, and deployment of 5G equipment, utilizing capabilities in printed circuit board assembly, system integration, and engineering collaboration [2] - The company collaborates with clients during the development phase to enhance performance and reduce product launch times, ensuring competitiveness in the telecom sector [2] - Celestica is also preparing for future technologies like 6G by developing high-speed networking platforms, including 800G and 1.6T systems [2][8] Group 2: Supply Chain and Partnerships - Beyond manufacturing, Celestica enhances 5G rollouts through global supply chain services, assisting telecom operators in sourcing components, managing logistics, and efficiently meeting growing demand [3] - The company partners with major telecom equipment providers such as Cisco Systems, Ericsson, and Nokia to support the development and manufacturing of advanced telecom infrastructure [3][8] Group 3: Market Position and Competitors - As 5G adoption accelerates and next-generation networks evolve, Celestica's engineering and manufacturing capabilities are expected to facilitate the creation of faster, smarter, and more connected networks [4] - Competitors like Jabil, Inc. and Sanmina Corporation are also advancing in the telecom sector, with Jabil focusing on high-speed connectivity solutions and Sanmina providing manufacturing and design services for 5G equipment [5][6] Group 4: Financial Performance - Celestica's stock has increased by 200.5% over the past year, significantly outperforming the industry growth of 114.1% [7] - The company currently trades at a forward price-to-earnings ratio of 28.18, higher than the industry average of 21.67 [9] - Earnings estimates for 2026 have risen by 7.55% to $8.83, while estimates for 2027 have increased by 7.05% to $12.61 [10]