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Celestica Inc. (NYSE:CLS) is one of the
7 Best Data Center Hardware Stocks to Invest in.
On April 29, Goldman Sachs raised Celestica Inc. (NYSE:CLS)’s price target from $430 to $475. It maintained a “Buy” rating. The firm noted that the company “beat on earnings.” However, it missed revenue in Enterprise because of component shortages in memory, power supply, and optics.
On April 27, Celestica Inc. (NYSE:CLS) had Q1 2026 sales of $4.05 billion with 53% growth YoY. The company had GAAP EPS of $1.83 and adjusted EPS of $2.16. Margins improved, with GAAP operating margin hitting 6.7% and adjusted operating margin 8.0%.
CEO Rob Mionis said that the firm “delivered a strong first quarter.” He added that the company witnessed fast growth in its CCS division and improved profitability.
The corporation lifted its 2026 sales forecast to $19.0 billion and adjusted EPS to $10.15. It expects Q2 2026 revenue to be between $4.15 billion and $4.45 billion and adjusted EPS to be between $2.14 and $2.34.
Celestica Inc. (NYSE:CLS) delivers global supply chain solutions for equipment manufacturers and service providers. It works in two divisions, which are Advanced Technology Solutions and Connectivity and Cloud Solutions.
While we acknowledge the potential of CLS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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