)
Visual
earnings real time
Celestica (CLS) investor relations material
Celestica Q3 & Investor and Analyst Day 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 & Investor and Analyst Day 2025 earnings summary28 Oct, 2025
Executive summary
Q3 2025 revenue reached $3.194B, up 28% year-over-year, with GAAP EPS of $2.31, a 208% increase year-over-year, and adjusted EPS of $1.58, up 52% year-over-year, both exceeding guidance.
Strong CCS segment demand, especially in communications and data center networking, drove growth, with Communications revenue up 82% and HPS revenue up 79% to $1.4B.
Strategic investments in R&D, design engineering, and global capacity, including expansions in Texas and Thailand, underpin growth and technology leadership in AI data center infrastructure.
Free cash flow for Q3 was $89M, with YTD free cash flow totaling $302M, and net cash provided by operating activities for YTD 2025 at $408.9M.
The company is positioned for robust multi-year growth, with raised outlooks for 2025 and 2026 and continued investment in AI/data center solutions.
Financial highlights
Q3 2025 gross margin was 13.0% (up from 10.4% in Q3 2024), and adjusted gross margin was 11.7%, with earnings from operations at $325M.
Adjusted ROIC reached 37.5%, up 8.5 pts year-over-year.
Inventory at quarter-end was $2.05B, up $226M year-over-year; inventory turns improved to 5.6x, and cash cycle days were 65.
Net debt stood at $728M, with a debt leverage ratio of 0.8x and total liquidity of ~$1.1B as of September 30, 2025.
SG&A expenses decreased 58% in Q3 2025 to $38.4M, mainly due to favorable TRS fair value adjustments.
Outlook and guidance
Q4 2025 revenue guidance: $3.325B–$3.575B; adjusted EPS: $1.65–$1.81; adjusted operating margin: 7.6%.
2025 annual outlook raised: revenue $12.2B (up from $11.55B), adjusted EPS $5.90 (up from $5.50), free cash flow $425M (up from $400M), and non-GAAP operating margin 7.4%.
2026 outlook: revenue $16.0B (+31% YTY), adjusted EPS $8.20 (+39% YTY), free cash flow $500M, and adjusted operating margin 7.8%.
Guidance assumes no material changes in tariffs, trade restrictions, or macroeconomic trends.
Q4 2025 end market outlook: ATS revenue to decrease low single digits, Communications to increase high sixties percent, Enterprise to increase low twenties percent year-over-year.
Assess AI data center customer concentration
How will ATS segment performance improve?
Detail capital allocation priorities
Digital native AI system revenue potential?
ATS margin expansion beyond 2026?
Competitive edge in 1.6T/3.2T switches?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Celestica earnings date
Q4 202529 Jan, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
Related articles
)
)
Frequently asked questions
Celestica Inc. provides electronics manufacturing services and solutions including design, engineering, and supply chain management. It serves industries such as aerospace, healthcare, industrial, communications, and technology. The company is headquartered in Toronto, Canada, and its shares are listed on the NYSE.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage