Celestica Inc. reported significant financial growth in its third quarter of 2025, with revenue reaching $3.19 billion, a 28% increase from $2.50 billion in the same period last year. For the first nine months of 2025, revenue totaled $8.74 billion, up 23% from $7.10 billion in 2024. The company's net earnings also saw a substantial rise, climbing to $267.8 million in Q3 2025, compared to $89.5 million in Q3 2024, marking a 199% increase. Year-to-date net earnings reached $565.0 million, more than double the $276.3 million reported in the previous year.
The growth in revenue was primarily driven by the Connectivity & Cloud Solutions (CCS) segment, which experienced a 43% increase in Q3 2025 compared to the previous year, largely due to heightened demand in the Communications end market. This segment accounted for 76% of total revenue, with notable contributions from hardware platform solutions, which surged by 79%. Conversely, the Advanced Technology Solutions (ATS) segment saw a 4% decline in revenue, attributed to the discontinuation of a margin-dilutive program in the Aerospace and Defense sector.
Operationally, Celestica's gross profit for Q3 2025 increased by 60% to $416.1 million, resulting in a gross margin of 13.0%, up from 10.4% in Q3 2024. The company also reported a significant reduction in selling, general, and administrative expenses, which fell by 58% to $38.4 million. This decrease was partially due to favorable adjustments related to the company's total return swap agreement, which positively impacted both gross profit and SG&A expenses.
In terms of strategic developments, Celestica completed the acquisition of NCS Global Services LLC in April 2024, enhancing its capabilities in IT infrastructure and asset management. The company also plans to launch a new normal course issuer bid (NCIB) in Q4 2025, allowing for the repurchase of up to 5% of its public float. As of September 30, 2025, Celestica had approximately 7.1 million common shares available for repurchase under its current NCIB.
Looking ahead, Celestica anticipates continued growth driven by strong demand in its CCS segment, particularly in data center networking. The company remains focused on managing its operational efficiency and capitalizing on emerging technologies, including artificial intelligence and cloud computing. Despite the positive outlook, Celestica acknowledges potential risks from global economic conditions, trade policies, and supply chain challenges that could impact its performance in the future.
About CELESTICA INC
Celestica Inc. is a global provider of electronics manufacturing services (EMS) and original design manufacturing (ODM), offering end-to-end supply chain solutions including design, engineering, manufacturing, assembly, testing, and after-market services. Serving OEMs, cloud service providers, hyperscalers, and diverse industries, Celestica specializes in advanced technology, communications, and enterprise IT hardware. Its value proposition centers on quality, innovation, cost efficiency, and supply chain expertise across North America, Europe, and Asia.
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