Celestica, a Toronto-based electronics manufacturing services provider, is making significant investments to expand its operations, particularly in response to the growing demand for AI-related data center infrastructure. The company plans approximately $1 billion in capital expenditures for 2026, which is more than double its previous spending aim of up to $400 million. This increased investment represents about 6% of its latest annual revenue outlook and will be funded organically through cash provided by operations.
A key part of this expansion is the construction of a new electronics manufacturing and engineering campus in Fort Worth, Texas. This facility, located in Hillwood's AllianceTexas master-planned community, is expected to cost Celestica $876 million and will encompass over 1 million square feet. The project is anticipated to create around 1,700 highly skilled jobs in manufacturing, engineering, supply chain, and quality assurance. The Fort Worth City Council approved a $41.7 million incentive package for Celestica, which includes an 80% abatement on certain taxes.
Celestica has significantly raised its financial outlook for 2026 multiple times, driven by strong customer demand and improved component supply. The company now projects revenue of $20.5 billion and adjusted earnings per share (non-GAAP) of $11.30, reflecting year-over-year growth of 65% and 87%, respectively. This revised outlook follows an earlier projection of $17.0 billion in revenue and $8.75 in adjusted EPS for 2026. The company's CEO, Rob Mionis, stated that they are experiencing an "unprecedented level of demand" supported by long-term investments from data-center customers, and they expect the revenue growth trajectory to continue into 2027.
