Celestica has announced a landmark $3 billion contract to construct advanced data centers for a major, undisclosed client, solidifying its role in the rapidly expanding artificial intelligence infrastructure market. This substantial deal directly contributed to Celestica's decision to significantly raise its financial outlook for 2026. The company now projects revenue to reach $20.5 billion, a substantial increase from its previous forecast of $19.0 billion. Adjusted earnings per share (non-GAAP) are also expected to climb to $11.30, up from the prior estimate of $10.15, representing an 87% year-over-year growth.
This new contract underscores Celestica's momentum, particularly in its Communications and Enterprise Computing Services (CCS) segment, which saw an 84% increase in revenue in Q2 2026 compared to the previous year. Celestica has also been actively expanding its operational footprint to meet growing demand. The company plans to invest at least $876 million in a new AI manufacturing hub in Fort Worth, Texas, which is expected to create over 1,715 jobs by 2029 with average annual salaries of $75,000. Additionally, Celestica renewed leases for two existing buildings and secured a new 343,000-square-foot facility in Richardson, Texas, backed by a $3 million tenant improvement grant.
The company's CEO, Rob Mionis, highlighted Celestica's robust performance in Q2 2026, where revenue hit $4.70 billion and adjusted EPS reached $2.54, both exceeding guidance. The adjusted operating margin also achieved a new high of 8.2%. Looking ahead, Celestica anticipates an acceleration in revenue growth for 2027, surpassing the 65% growth rate projected for 2026, with adjusted EPS expected to grow even faster due to higher operating margins. The company has also secured contracts to build AI shovels for OpenAI and Broadcom, further solidifying its market position.
