Celestica announces $3B equity offering as AI infrastructure demand surges

Celestica, the Canadian electronics manufacturing services company that has quietly become one of the biggest beneficiaries of the AI infrastructure buildout, is reportedly pursuing a $3 billion equity offering. For a company whose full-year revenue guidance sits at $20.5 billion, that’s a capital raise worth roughly 15% of its annual top line. The company’s Q2 2026 results tell the story. Revenue came in between $4.35 billion and $4.7 billion for the quarter alone. Full-year revenue guidance was revised upward to $20.5 billion, representing 65% year-over-year growth. Adjusted earnings per share forecasts jumped to $11.30, an 87% increase compared to the prior year. The company trades on both the NYSE and TSX under the ticker CLS. It specializes in design, manufacturing, and supply chain solutions, with its bread and butter increasingly tied to data center infrastructure and advanced technology platforms. Celestica has been deepening its AI-related capabilities through partnerships with chip giants like AMD. The company recently launched new hardware platforms including 1.6TbE switches, which are the kind of high-bandwidth networking equipment that hyperscale data centers devour. T...