Celestica: Understanding The Value Of Faster AI Pathways

Celestica remains a Strong Buy, driven by its unique position in the AI hardware value chain and robust Q1 2026 results. CLS's CCS segment, focused on high-speed switches and integrated AI hardware, grew 76% YoY and now represents 80% of revenue. Enterprise division revenue surged 101% YoY, with projections for 130% growth next quarter, underlining hyperscaler-driven demand.