Core Insights - Celestica Inc. is a key player in the electronics manufacturing services sector, known for its advanced technology solutions and data center infrastructure, demonstrating strong financial performance and reliability for investors [1] Financial Performance - On October 27, 2025, Celestica reported earnings per share (EPS) of $1.59, exceeding the estimated $1.47, and showing a significant increase from $1.04 per share in the same quarter last year [2][6] - The company achieved revenue of approximately $3.21 billion, surpassing the estimated $3.10 billion, and reflecting a 28% increase from $2.5 billion reported in the same period last year [3][6] Operational Efficiency - Celestica's GAAP earnings from operations as a percentage of revenue rose to 10.2%, up from 5.5% in the previous year, while the adjusted operating margin improved to 7.6% compared to 6.8% in Q3 2024, indicating enhanced operational efficiency [4][6] Valuation Metrics - The company's price-to-earnings (P/E) ratio is approximately 66.31, and the price-to-sales ratio stands at about 3.28, reflecting strong investor confidence and the value placed on sales [5]

Group 1: Market Performance - Tokyo's Nikkei 225 Index (N225) has surpassed the 50,000 level for the first time, reaching 50,367.38, marking a 25.8% rise for the year [2][7] - The surge in the Nikkei is attributed to optimism surrounding U.S.-China trade negotiations and momentum from Wall Street [2][7] - South Korea's Kospi Index (KOSPI) increased by 2.1% to cross 4,000, while Hong Kong's Hang Seng Index (HSI) rose by 1.15%, and China's CSI 300 Index gained 0.83% [2] Group 2: Government Policies - Japanese Prime Minister Sanae Takaichi is set to meet U.S. President Donald Trump to discuss a stimulus package exceeding 13.9 trillion yen aimed at boosting domestic demand and combating deflation [2][7] - The proposed "high-pressure economy" strategy may also address the U.S. trade deficit [2] Group 3: Company Developments - Hon Hai Precision Industry Co. Ltd. (Foxconn) announced an investment of up to NT$42 billion (approximately US$1.3 billion) in AI compute cloud infrastructure, indicating a strategic focus on the growing AI market [4][7] Group 4: Precious Metals Market - Gold prices are experiencing a technical recovery, trading around $4,312 per ounce after a volatile period, with key support levels identified between $4,200 and $4,300 [5][7] - Analysts are forecasting potential targets of $5,000 per ounce for gold, driven by central bank demand and geopolitical risks [5][7]

Celestica (CLS) is a leading electronics manufacturing services company that is trading at new all-time highs. Shares are up 340% over the past year and 25% over the past month. CLS has a 100% “Buy” Barchart opinion and a Trend Seeker “Buy” signal intact. Despite a consensus “Strong Buy” rating, some caution is advised due to CLS’s high valuation. Today’s Featured Stock Valued at $34.12 billion, Celestica (CLS) is one of the largest electronics manufacturing services company in the world, servi ...

Core Insights - Celestica Inc. is set to release its third-quarter earnings results on October 27, with analysts expecting earnings of $1.49 per share, an increase from $1.04 per share in the same period last year [1] - The consensus estimate for quarterly revenue is $3.04 billion, compared to $2.5 billion a year earlier [1] Recent Performance - On July 28, Celestica reported better-than-expected second-quarter results and raised its FY25 guidance, leading to a 4.9% increase in share price, closing at $296.62 [2] Analyst Ratings - RBC Capital analyst Paul Treiber maintained an Outperform rating and raised the price target from $225 to $315 [4] - Goldman Sachs analyst Michael Ng initiated coverage with a Buy rating and a price target of $340 [4] - TD Cowen analyst Daniel Chan reinstated a Hold rating with a price target of $238 [4] - JP Morgan analyst Samik Chatterjee maintained an Overweight rating and increased the price target from $225 to $295 [4] - Citigroup analyst Atif Malik maintained a Neutral rating and boosted the price target from $172 to $212 [4]

Core Insights - Sanmina Corporation has completed the acquisition of ZT Systems from AMD, positioning itself as a leader in the Cloud and AI markets, and enabling the company to capitalize on significant growth opportunities [1][3] Strategic Partnership - Sanmina and AMD have established a strategic partnership, making Sanmina the preferred U.S.-based new product introduction manufacturing partner for AMD's cloud and AI solutions, enhancing quality and deployment speed [2][3] Enhanced Capabilities - The acquisition of ZT Systems significantly enhances Sanmina's scale and engagement in the Cloud and AI end-market, expanding its manufacturing capacity and capabilities [3][7] - ZT Systems brings advanced manufacturing facilities in New Jersey and Texas, along with operations in the Netherlands, complementing Sanmina's existing global footprint [7] Customer Relationships - The transaction allows Sanmina to deepen relationships with existing customers and attract new ones through ZT Systems' connections with hyperscalers, providing a more integrated solution [7] Comprehensive Solutions - The combination of ZT Systems' capabilities with Sanmina's existing portfolio enables end-to-end solutions for the entire product lifecycle, including design, engineering, manufacturing, and fulfillment [7] Market Positioning - Sanmina is now better positioned to support a broad customer base in the Cloud and AI end-market, offering full systems integration at scale and enhancing its role as a trusted partner for mission-critical technologies [7]

Core Insights - Celestica, Inc. is set to report Q3 2025 earnings on October 27, with sales estimated at $3.02 billion and earnings per share (EPS) at $1.47, reflecting a positive trend in earnings estimates for 2025 and 2026 [1][7] Earnings Performance - The company has a strong earnings surprise history, with an average surprise of 7.71% over the last four quarters, consistently exceeding earnings expectations [2][3] Earnings Predictions - A positive Earnings ESP of +2.49% and a Zacks Rank of 2 (Buy) suggest a likely earnings beat for the upcoming quarter [4] Product Innovations - Celestica introduced the SC6110, a next-generation storage controller designed for AI infrastructure and high-performance computing, which is expected to enhance its market position [5][8] Market Demand - The company anticipates solid net sales growth from the Enterprise segment, driven by a large hyperscaler customer beginning mass production and increasing demand for 400G and 800G switches [10] Stock Performance - Over the past year, Celestica's stock has surged by 339.1%, significantly outperforming the industry average of 121.2% and competitors like Flex Ltd. and Jabil Inc. [11] Valuation Metrics - Celestica's shares are trading at a forward P/E ratio of 43.18, which is above the industry average of 25.87 and its historical mean of 24.93, indicating a premium valuation [12] Industry Trends - The demand for power-efficient and scalable hardware solutions is increasing due to the growing complexity of AI workloads across various industries, positioning Celestica favorably in the market [15] Supply Chain Resilience - The company's diversified manufacturing network across 16 countries and robust inventory management strategies are helping to mitigate supply chain challenges, enhancing reliability among customers [16] Financial Health - Strong revenue growth and a stable cash cycle indicate effective capital management, which is expected to drive free cash flow and maintain a competitive edge in the electronics manufacturing services sector [17] Future Outlook - With a comprehensive portfolio and strong demand for networking products and AI-driven data center investments, Celestica is well-positioned for continued stock price appreciation, supported by positive earnings estimate revisions [18]

Financial Data and Key Metrics Changes - Revenue for the fiscal fourth quarter was $1,058 million, approaching the high end of guidance, marking the third consecutive quarter of sequential growth [4][6] - Non-GAAP EPS was $2.14, substantially exceeding guidance due to favorable discrete tax items, with a non-GAAP operating margin of 5.8% [5][23] - Free cash flow for the fiscal fourth quarter was $97 million, resulting in a total of $154 million for fiscal twenty twenty five, significantly exceeding projections [6][24] Business Line Data and Key Metrics Changes - Aerospace and Defense sector revenue decreased 6% sequentially in the fiscal fourth quarter, with flat revenue for fiscal twenty twenty five due to delays in new program ramps [14] - Healthcare and Life Sciences sector revenue increased 1% sequentially in the fiscal fourth quarter, with a 5% increase for fiscal twenty twenty five driven by imaging and monitoring sub-sectors [15][16] - Industrial sector revenue was up 11% sequentially in the fiscal fourth quarter, with flat revenue for fiscal twenty twenty five [18] Market Data and Key Metrics Changes - The funnel of qualified manufacturing opportunities increased by 2% sequentially, reaching $3.7 billion, with a record high in aerospace and defense sector opportunities [20] - The company expects mid-single-digit revenue growth in the aerospace and defense sector for the fiscal first quarter, driven by new program ramps [14] - The industrial sector is expected to see a high single-digit decrease in revenue for the fiscal first quarter due to seasonality [18] Company Strategy and Development Direction - The company aims for revenue growth in excess of end markets, targeting a 9% to 12% growth goal while focusing on operational efficiency and shareholder value creation [4][11] - Investments will continue in talent, technology, and facilities to support sustained future revenue growth [11][32] - The company is committed to driving positive change and promoting sustainability through responsible innovation [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in future growth potential, citing substantial new program ramps and modest improvements in end markets [39] - The company is monitoring the impact of government shutdowns but has not seen any indications of slowdown in customer demand [50] - There is optimism regarding the defense sector's growth outlook, supported by increased military spending in the U.S. and Europe [112] Other Important Information - The company achieved a 40 basis point expansion in non-GAAP operating margin and 30% non-GAAP EPS growth for fiscal twenty twenty five [4][116] - The company reduced debt by over $100 million while returning cash to shareholders through an expanded share repurchase program [24][25] - The cash cycle improved to 63 days, the best result in five years, due to reduced inventory and improved working capital management [26] Q&A Session Summary Question: Growth trajectory and investments - Management indicated increased confidence in growth trajectory due to substantial new program ramps and modest market improvements [36][39] Question: AI opportunities - The company is seeing opportunities in AI, particularly in power generation and healthcare, with new programs leveraging AI technology [43][44] Question: Impact of government shutdown - No indications of slowdown from the government shutdown have been observed, and customer demand remains stable [50] Question: Semi cap and energy growth - The outlook for semi cap remains stable, with expectations of share gains, while energy sector growth is driven by infrastructure and power generation [52][54] Question: Healthcare sector strength - Strength in the Healthcare sector is attributed to both new program ramps and the resolution of inventory overhang [58] Question: Customer visibility and tariffs - Customer visibility is stable, with ongoing focus on new program ramps and managing supply chain challenges related to tariffs [67] Question: Capacity and expansion in Malaysia - The new facility in Malaysia has significant expansion capacity, and efficiency improvements are expected to drive profitability [79] Question: Commercial aerospace demand - There is potential for commercial aerospace demand to increase, but visibility on timing remains uncertain [82][85]

FISCAL FOURTH QUARTER AND FISCAL 2025 HIGHLIGHTS October 22, 2025 PLEXUS CONFIDENTIAL SAFE HARBOR AND FAIR DISCLOSURE STATEMENT Some of the statements made and information provided during our call as well as information included in the supporting materials will be forward looking statements, including, without limitation, those regarding revenue, gross margin, selling and administrative expense, operating margin, other income and expense, taxes, cash cycle, capital allocation and future business outlook. Fo ...

Core Points - Kitron ASA's board of directors has approved the issuance of 1,600,000 options under its long-term incentive program for the period 2024 to 2030 [1] - The options are divided into two subprograms: 800,000 options for Subprogram A (2024 – 2027) and 800,000 options for Subprogram B (2025 – 2028) [2] - A total of 1,030,000 options are allocated to primary insiders, in compliance with market abuse regulations [3] Company Overview - Kitron is a leading Scandinavian electronics manufacturing services company, serving sectors such as Connectivity, Electrification, Industry, Medical devices, and Defence/Aerospace [3] - The company operates in multiple countries, including Norway, Sweden, Denmark, Lithuania, Germany, Poland, the Czech Republic, India, Malaysia, China, and the United States [3] - Kitron employs approximately 2,400 individuals and reported revenues of EUR 647 million in 2024 [3]

Core Insights - Kitron reported strong quarterly sales and profits, with significant growth driven by demand in the Defence/Aerospace sector [1][2] - The company achieved a record order intake and backlog, indicating robust future growth potential [1][2] Financial Performance - Revenue for Q3 was EUR 167.8 million, up from EUR 145.1 million in the same quarter last year, reflecting a year-over-year increase of approximately 15.5% [1] - Operating profit (EBIT) for Q3 was EUR 14.6 million, compared to EUR 10.7 million in the same quarter last year, resulting in an EBIT margin of 8.7%, up from 7.4% [2] - Profit after tax reached EUR 9.1 million, an increase from EUR 6.1 million in the same quarter of the previous year, translating to earnings per share of EUR 0.05, compared to EUR 0.03 last year [2] Order Backlog and Outlook - The order backlog at the end of Q3 was EUR 598 million, representing a 31% increase compared to the previous year and an 18% increase from Q2 [2] - Kitron expects full-year revenue for 2025 to be between EUR 700 million and EUR 740 million, with operating profit (EBIT) projected between EUR 59 million and EUR 66 million, an upward revision from previous estimates [3] Company Overview - Kitron is a leading Scandinavian electronics manufacturing services company, operating in sectors such as Connectivity, Electrification, Industry, Medical devices, and Defence/Aerospace [4] - The company has approximately 2,400 employees and reported revenues of EUR 647 million in 2024 [4]