Celestica Revenue Soars 43.6% to $3.65B as AI Demand Lifts Stock 37%
Celestica’s Q4 revenue rose 43.6% year-over-year to $3.65 billion, surpassing guidance of $3.33–3.58 billion on robust AI hyperscaler demand. The stock has climbed 37.4% over six months and trades at a forward P/E of 35.2x versus the industry average of 22.3x.
1. AI Hyperscaler Demand Drives Product Sales
Electronic component designer Celestica has become the leading supplier of 800 Gbps Ethernet switches to hyperscale tech giants, leveraging surging AI infrastructure spending. The company also benefits from its partnership with AMD on Meta's multi-year AI hardware programs.
2. Q4 Earnings Beat and Financial Metrics
Celestica reported Q4 revenue of $3.65 billion, up 43.6% year-over-year, exceeding its guidance range of $3.33–3.58 billion. Profit margins improved as high-value AI networking equipment drove volume growth.
3. Valuation and Stock Performance
The stock has risen 37.4% over six months and 157.4% over the past year, reaching a market capitalization of $32.1 billion. Its forward P/E is 35.21x, well above the industry average of 22.26x, reflecting high growth expectations.