Celestica raises 2026‑27 outlook while cutting 2026 free cash flow forecast
Celestica reported Q3 2026 revenue of $5.83 billion and adjusted EPS of $3.30, beating the top end of its prior guidance. The company lifted its FY2026 revenue target to $21.0 billion and adjusted EPS to $11.55, and added a FY2027 outlook of $40.0 billion revenue with $1.5‑$2.0 billion of capital spending. At the same time, management trimmed its 2026 free cash flow projection to $460 million from $600 million, citing higher inventory and working‑capital needs for AI‑driven expansion.
Why it matters
The lower free cash flow outlook may increase near‑term cash‑usage concerns for investors, as noted by Quiver Quantitative. Citi analyst Atif Malik raised his price target to $436, reflecting optimism about the growth outlook.
Key facts
- 1Connectivity & Cloud Solutions revenues grew 102% YoY to $4.87 billion in Q3 2026. zacks.com
- 2Celestica cut its 2026 free cash flow outlook to $460 million from $600 million. zacks.com
- 3Q3 2026 revenue was $5.83 billion. quiverquant.com
- 4Adjusted earnings per share for Q3 2026 were $3.30. quiverquant.com
- 5FY2026 revenue guidance was raised to $21.0 billion and adjusted EPS to $11.55. quiverquant.com
- 6FY2027 outlook includes $40.0 billion of revenue and $1.5 billion‑$2.0 billion of capital expenditures. quiverquant.com
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.