The earnings call was generally positive, with record revenue and EPS, increased operating margins, and strong growth in the CCS segment. However, there were challenges such as a decline in enterprise revenue and increased inventory levels. The company raised its annual financial outlook, indicating confidence in future performance.

Company Guidance -

Q3 2025

During Celestica's Q2 2025 earnings call, the company provided updated guidance for Q3 2025 and the full year. For Q3, Celestica projected revenue between $2.875 billion and $3.125 billion, representing 20% growth at the midpoint, with adjusted earnings per share (EPS) anticipated to be between $1.37 and $1.53. The company expects its non-GAAP operating margin to be 7.4%, an increase of 60 basis points from the previous year. For the full year 2025, Celestica raised its revenue outlook from $10.85 billion to $11.55 billion, reflecting 20% year-over-year growth. The adjusted EPS outlook was increased from $5 to $5.50 per share, indicating a 42% increase, while the anticipated non-GAAP operating margin remained at 7.4%. Additionally, the company raised its free cash flow outlook from $350 million to $400 million. This guidance assumes no significant changes to tariffs or trade restrictions.

Record Revenue and EPS

Celestica achieved revenues of $2.89 billion and adjusted EPS of $1.39, both exceeding the high end of guidance ranges with revenues up 21% year-over-year.

High Operating Margins

Adjusted operating margin reached 7.4%, marking the highest performance in company history.

Strong Growth in CCS Segment

The CCS segment experienced very strong growth, driven by a 28% increase in revenue due to demand for networking products from hyperscale customers.

Significant Increase in Free Cash Flow

Free cash flow for the second quarter was $120 million, $54 million higher than the prior year period.

Raising Annual Financial Outlook

The 2025 revenue outlook was increased from $10.85 billion to $11.55 billion, reflecting 20% year-over-year growth, and adjusted EPS outlook was raised from $5 to $5.50.

Strong Demand for Networking Products

Demand for 800G networking switch programs is ramping, complementing strong demand for 400G switches.

Celestica (TSE:CLS) Earnings, Revenues Date & History

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TSE:CLS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 27, 2025	2025 (Q3)	2.02 / -	1.44	―	―	―
Jul 28, 2025	2025 (Q2)	1.71 / 1.92	1.257	52.43% (+0.66)
Apr 24, 2025	2025 (Q1)	1.56 / 1.66	1.179	41.14% (+0.48)
Jan 29, 2025	2024 (Q4)	1.50 / 1.60	1.021	56.71% (+0.58)
Oct 23, 2024	2024 (Q3)	1.29 / 1.44	0.898	60.36% (+0.54)
Jul 24, 2024	2024 (Q2)	1.11 / 1.26	0.726	73.14% (+0.53)
Apr 24, 2024	2024 (Q1)	0.98 / 1.18	0.64	84.22% (+0.54)
Jan 29, 2024	2023 (Q4)	0.91 / 1.02	0.749	36.32% (+0.27)
Oct 25, 2023	2023 (Q3)	0.81 / 0.90	0.708	26.84% (+0.19)
Jul 26, 2023	2023 (Q2)	0.64 / 0.73	0.566	28.27% (+0.16)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

TSE:CLS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 28, 2025	C$238.07	C$278.36	+16.92%
Apr 24, 2025	C$127.36	C$123.45	-3.07%
Jan 29, 2025	C$144.99	C$165.78	+14.34%
Oct 23, 2024	C$79.47	C$93.99	+18.27%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.