# AI infrastructure demand driving technology sector growth

> Live situation record from CLSTR: https://clstr.news/situations/ai-infrastructure-demand-driving-technology-sector-growth
> Updated: 2026-10-27T03:14:06.000Z. Sources: 21. Developments: 2.

Major technology and semiconductor equipment companies are reporting significant financial growth attributed to the expansion of artificial intelligence infrastructure.

Celestica Inc. reported an 83% surge in third-quarter revenue, reaching $5.83 billion, fueled by its Connectivity & Cloud Solutions segment, which more than doubled to $4.87 billion. Consequently, the company raised its full-year 2026 revenue forecast to $21 billion and set a long-term target of $40 billion in revenue for 2027. Despite this, Celestica lowered its free cash flow forecast to $460 million from an initial $600 million, citing increased capital requirements for expansion and working capital investments. To support its growth strategy, the company recently completed a public offering that raised $3.45 billion in gross proceeds.

Similarly, semiconductor equipment manufacturer ASM International reported record third-quarter revenue of €1.16 billion, a 45% year-on-year increase. The company cited strong demand for memory chips and advanced logic markets, including 1.4-nanometer and 2-nanometer investments, as key drivers. CEO Hichem M’Saad noted that the demand environment remains “very strong due to the expansion of AI infrastructure,” leading the company to raise its 2027 revenue forecast to over €5.7 billion—reaching its original 2030 target three years ahead of schedule. While noting that the supply chain is currently “stretched,” the company has authorized a new share buyback program of up to €300 million.

## Claims

- The company projects 2027 revenue will exceed €5.7 billion. (corroborated by 7 sources)
- Reaching 2027 revenue targets would meet the company's 2030 target three years early. (corroborated by 7 sources)
- ASM International reported Q3 revenue of €1.16 billion. (corroborated by 6 sources)
- Q3 revenue increased 45% year-on-year. (corroborated by 6 sources)
- ASM International authorized a share buyback of up to €300 million. (corroborated by 6 sources)
- Reported net earnings were €308.1 million. (corroborated by 4 sources)
- Gross margin for the third quarter was 52.0%. (corroborated by 3 sources)
- Operating profit for the quarter was €378.9 million. (corroborated by 3 sources)

## Timeline

### 2026-10-27: ASM International raises 2027 revenue forecast on AI chip demand

ASM International raised its 2027 revenue forecast to over €5.7 billion, driven by AI chip demand, potentially hitting its 2030 targets three years early.

17 sources. https://clstr.news/cluster/asm-international-reports-record-q3-revenue-of-116-billion

### 2026-10-26: Celestica reports 83% revenue surge driven by AI demand

Celestica reported an 83% jump in Q3 revenue to $5.83 billion, fueled by AI infrastructure demand, and raised its 2026 outlook while targeting $40 billion in revenue for 2027.

5 sources. https://clstr.news/cluster/celestica-revenue-surges-83-to-583-billion-in-q3

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Cite as: AI infrastructure demand driving technology sector growth. CLSTR, https://clstr.news/situations/ai-infrastructure-demand-driving-technology-sector-growth