Celestica forecast US$40 billion in revenue for 2027 after reporting an 83% year-on-year rise in third-quarter sales. Its 26 October results also showed the cash demands of expansion: the company lowered its 2026 free-cash-flow outlook while raising its revenue forecast.
Growth comes with investment needs
Revenue for the quarter ended 30 September was US$5.83 billion. Diluted earnings per share were US$3.26 under generally accepted accounting principles, or GAAP, and US$3.30 on the company’s adjusted, non-GAAP basis. Adjusted figures remove specified items and are not interchangeable with reported earnings.
For 2026, Celestica raised its revenue outlook to US$21 billion from US$20.5 billion. But its non-GAAP free-cash-flow forecast fell to US$460 million from US$600 million, primarily because of targeted working-capital investment to support anticipated growth. Working capital is money tied up in day-to-day operations; it can absorb cash even while sales expand.
What the 2027 outlook does—and does not—establish
The initial 2027 outlook includes US$40 billion in revenue and US$1.5–2.0 billion in capital expenditure. These are management expectations, not completed sales or spending. Customer demand forecasts and successful production ramps remain important assumptions. The release does not establish that the entire revenue forecast is covered by irrevocable orders.
Readers should therefore track whether cash generation and capacity investment keep pace with sales. No share-price response or analyst-consensus comparison has been independently verified for this report.
| Measure | Disclosed figure | Basis or condition | Primary evidence |
|---|---|---|---|
| Q3 2026 revenue | US$5.83bn; +83% year on year | Reported quarter ended 30 September | Celestica Q3 release |
| Q3 diluted EPS | US$3.26 GAAP; US$3.30 adjusted | Adjusted EPS is non-GAAP | Celestica Q3 release |
| 2026 free-cash-flow outlook | US$460m, previously US$600m | Non-GAAP forecast; not cash already generated | Celestica Q3 release |
| Initial 2027 revenue outlook | US$40bn | Management forecast | Celestica Q3 release |
| 2027 capital expenditure | US$1.5–2.0bn | Expected investment, not completed spending | Celestica Q3 release |
Primary source: Celestica Inc. results release dated 26 October 2026, observed at 2026-10-27T05:52:25Z (11:22 IST). Figures are US dollars.
The separate Q3 2026 Form 10-Q, observed at 2026-10-27T06:00:17Z, confirms US$5,829.7 million of quarterly revenue and US$3.26 diluted GAAP EPS. It is an additional company financial report, not an independent audit of the forecast.
AI-assisted reporting checked against the linked official source; not independent human editorial approval. Publisher-designated author: Tatai. Information only, not investment advice.
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