Celestica(US:CLS)2025-10-28 12:00Financial Performance & Outlook - Celestica's 2025E revenue is projected to be $12.2 billion, with a 7.4% non-GAAP adjusted operating margin[21] - The company anticipates a 31% revenue growth in 2026, reaching $16.0 billion, and a non-GAAP operating margin of 7.8%, a 40 bps increase[150] - Non-GAAP adjusted EPS is expected to grow by 39% to $8.20 in 2026[150] - Celestica forecasts non-GAAP free cash flow of $500 million in 2026, an 18% increase from $425 million in 2025E[150] Segment Performance - Connectivity & Cloud Solutions (CCS) is expected to generate $9.0 billion in revenue in 2025E, a 39% year-over-year increase, with a segment margin of 8.2%, up 80 bps year-over-year[44] - Advanced Technology Solutions (ATS) is projected to reach $3.2 billion in revenue in 2025E, a 1% year-over-year increase, with a segment margin of 5.3%, up 70 bps year-over-year[117] Market & Technology - Data center IT capex is expected to surpass $1 trillion by 2028, driven by AI and cloud investments[63] - The High Bandwidth Ethernet Switch TAM is projected to reach approximately $50 billion by 2029, with a 30% CAGR[78, 79] Strategic Focus - Celestica is focused on accelerating market advancements through technology leadership and best-in-class operational execution[39]