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    Can Celestica Stock Keep Leading After Its TSX30 Win And Data Centre Growth?

    Simply Wall St·09/09/2026 14:23:13
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    • Celestica was again ranked first in the TSX30 in 2026 based on three year dividend adjusted share price performance and reported a 62% year over year revenue increase in the second quarter of 2026, driven mainly by its Connectivity and Cloud Solutions segment, and updated full year guidance of about US$20.5b in revenue and US$11.30 in adjusted EPS.
    • The company’s evolution into a supplier of networking and infrastructure hardware for hyperscale data centres, alongside its addition to the S&P/TSX 60 Index and the upcoming 2026 Investor and Analyst Day, highlights how deeply Celestica is now tied to AI and cloud capital spending cycles.
    • With Celestica topping the TSX30 again, we examine how hyperscale data centre demand reshapes the company’s broader investment narrative.

    Scan how Celestica’s hyperscale data centre story compares with other potential beneficiaries of AI infrastructure spending by filtering through our hand picked 55 AI infrastructure stocks

    Celestica Investment Narrative Recap

    To own Celestica, you need to buy into the idea that hyperscale AI and cloud infrastructure spending can support its current operating scale and margin profile. The key short term swing factor is how smoothly large networking and rack level programs in the Connectivity and Cloud Solutions segment ramp, and whether that momentum holds through upcoming quarters. Customer concentration and heavy exposure to one segment remain the biggest operational risk. The latest TSX30 recognition and strong recent revenue print reinforce the existing story rather than changing it in a material way.

    The most relevant fresh development is Celestica’s plan to combine its 2026 Investor and Analyst Day with the third quarter 2026 results release in late October. That setup gives management a single platform to walk through the US$20.5b revenue and US$11.30 adjusted EPS guidance, to provide an update on capacity build out, and to frame how hyperscale data centre programs feed into the next wave of potential ramps. It also puts execution under a brighter spotlight. If upcoming commentary points to lumpier orders or slower technology transitions, investors may reassess how durable current CCS driven strength really is.

    Even so, there is a specific pressure point in the Celestica story that could matter far more than the TSX30 headline if ...

    Read the full Celestica narrative to see the case behind these numbers.

    Celestica's narrative links analyst expectations to revenues of $41.7b and earnings of $2.7b by 2029, based on assumptions of 38.8% yearly top line growth and an earnings increase of about $1.6b from $1.1b today.

    Celestica's forecasts place fair value at CA$677.38 versus the CA$454.60 share price, a 49% upside to its current price that could narrow quickly.

    TSX:CLS 1-Year Stock Price Chart
    TSX:CLS 1-Year Stock Price Chart

    Exploring Other Perspectives

    Three fair value estimates from the Simply Wall St Community cluster tightly between CA$677.38 and CA$698.31, which points to a narrow band of upside views on Celestica. Those private investors do not factor in the TSX30 news or upcoming Investor Day yet. As a result, changing hyperscaler orders or capex plans could shift opinions sharply. You can use these differing views as a reference point and then explore a wider range of scenarios before deciding how Celestica fits your own portfolio.

    To see how other investors are valuing Celestica, review the 2 other fair value estimates for Celestica and compare them with your own expectations.

    Form Your Own Verdict

    Don't just follow the ticker; dig into the data and build a conviction that's truly your own.

    Looking for more investment ideas beyond Celestica?

    Once you have formed a view on Celestica, it can be useful to line it up against other stocks with different risk and return profiles. The Simply Wall St Screener gives you a structured way to search across global markets and narrow the field to a shortlist that matches your own preferences on quality, income, or resilience.

    • For investors who want income as well as potential capital gains, review a curated set of high yield opportunities through the 2 dividend fortresses.
    • If capital preservation and steadier balance sheets matter most to you, start with a 11 resilient stocks with low risk scores that aims to reduce the chance of unpleasant surprises.
    • When you want to spot potential future leaders before they attract wider attention, scan through a 9 high quality undiscovered gems and compare their fundamentals with what you see at Celestica.

    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.