Celestica May Be One Of The Cleanest AI Infrastructure Plays Left

Celestica earns a Buy rating, evolving from a contract manufacturer to a key AI infrastructure co-designer and supplier amid surging AI data center demand. CLS benefits from the industry's migration to high-bandwidth Ethernet, leading market share in AI cluster switches and capitalizing on hyperscaler adoption of 800G and 1.6T technologies. Q1 2026 results show 53% revenue growth and 68% adjusted EPS growth guidance for 2026, with operating leverage, expanding margins, and robust free cash flow.