Celestica shares jump 8.9% on strong earnings and AI demand

Celestica Inc. stock rose 8.9% on Tuesday, reaching a high of $374.59 and closing at $372.19, with trading volume 14% above its average. The surge followed quarterly results that beat expectations: earnings per share of $2.54 versus the $2.29 consensus and revenue of $4.68 billion versus $4.30 billion, while sales grew 62.4% year‑over‑year.

Management projected 2026 earnings per share of $2.88‑$3.08 and full‑year earnings of $11.30. Analysts maintained a “moderate buy” rating, with price targets ranging from $437 to $500. CEO Robert Mionis and CFO Mandeep Chawla each sold shares worth several million dollars, though they retained sizable holdings.