Celestica Inc

celestica.com

What Do They Do?

Builds and manufactures networking, server and storage systems for data centers, serving cloud and AI service providers, enterprise customers, and hardware makers.

How Do They Make Money?

CCS brings in most revenue from electronic products made to customer specifications and related services; customers pay when products or services are delivered, or as manufacturing and service work proceeds. ATS also earns revenue from specialized electronics manufacturing and related services.

revenue

Segment	Share	Revenue
ATS	26% FY2022: 41%
CCS	74% FY2022: 59%

Who Are Their Customers?

Cloud and AI service providers and enterprise customers use products in their own data centers; hardware OEMs may resell products to end users. Celestica works directly with customers on product requirements and design.

Customers above 10% of revenue, FY2025

of revenue from three customers (32%, 14%, 12%)

FY2023: 22% from one customer

Do Revenues Turn Into Profits?

Yes. It kept 7 cents of every revenue dollar as net income in FY2025 and turned 4 cents into free cash flow.

Operating income, FY2025

8% of revenue

▲ +74% vs FY2024 ($599.3M, 6%)

Net income, FY2025

7% of revenue

▲ +95% vs FY2024 ($428M, 4%)

Free cash flow, FY2025

4% of revenue

▲ +51% vs FY2024 ($303M, 3%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q3 FY2026, the three months to Sep 30, 2026

Revenue: ▲ +83%; vs $3.2B in Q3 FY2025
Net income: ▲ +48%; vs $267.8M in Q3 FY2025

CCS share of revenue vs 75.6% in Q3 FY2025

Sep 11, 2026 CFO succession announced Mandeep Chawla will move to a new Group President role, and Todd Ankenmann will become CFO.
Mar 24, 2026 CEO Robert A. Mionis to become board chair Michael M. Wilson will not seek re-election, and Mionis was appointed chair before the annual meeting.

AI-focused data center products The latest report frames data-center systems around AI workloads and AI service providers, while the older report described data-center infrastructure for cloud providers and expanding and optimizing data centers.

Greater emphasis on ODM work The latest report says Celestica is increasingly engaged as an ODM; the older report described HPS design and development work done collaboratively with customers.

Revenue over time

ATS CCS

$20B$10B$0

FY2022 FY2023 FY2024 FY2025

Who Do They Compete With?

Competes with Benchmark Electronics, Flex, Hon Hai Precision Industry, Jabil, Plexus, Sanmina, Quanta Computer, Wiwynn, Accton Technology, Arista Networks, and Cisco Systems

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