Is Celestica Inc. (NYSE:CLS) a buy in 2026?
Yes, on balance. The Compass leans toward accumulating Celestica Inc. at current levels.
The hyperscaler's favourite hardware partner has graduated from contract manufacturer to AI infrastructure designer, and the multiple still doesn't reflect it.
Where CLS is headed
Celestica in 2028 looks nothing like the sleepy Toronto contract manufacturer that traded under $15 four years ago. The Hardware Platform Solutions business, which booked roughly $1.2B in 2023, is on track to clear $7B by FY27 as the AMD Helios rack-scale platform ships in volume to at least two of the top four US hyperscalers. The Connectivity and Cloud Solutions segment, once dismissed as a low-margin assembly shop, is now designing 800G and 1.6T networking switches that sit inside the same racks. Gross margins, stuck at 8% for a decade, are pushing toward 13% because Celestica is no longer just bending metal, they are owning the reference design.
Read the full Compass Direction on CLS
The complete destination call, the overlooked angle, milestones, and bull, base, and bear price scenarios (around $371.86).
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Frequently asked questions
Is Celestica Inc. (NYSE:CLS) a buy in 2026?
Yes, on balance. The Compass leans toward accumulating Celestica Inc. at current levels. The hyperscaler's favourite hardware partner has graduated from contract manufacturer to AI infrastructure designer, and the multiple still doesn't reflect it.
What is CLS's Compass Score?
Celestica Inc. scores 93/100 on Alexandria's Compass, placing it in the "True North" tier. Scores blend eight factors and update weekly.
What is the price target for CLS?
Alexandria's full Compass Direction includes bull, base, and bear price scenarios with the valuation math behind each. Read the full breakdown on the CLS page.
Compass verdicts are AI-generated, forward-looking editorial research from publicly available data, not investment advice or a recommendation regarding any security. Scores and verdicts update as the data changes.