Celestica Inc. · TSX:CLS
Celestica — Q3 2026 Earnings Presentation
21 slides from Celestica's earnings presentation, Oct 27, 2026
Slide 1: Third Quarter 2026 Financial Results
“ Tee ~Celestica’ THIRD QUARTER 2026 FINANCIAL RESULTS October 27, 2026
Slide 2: Cautionary Note Regarding Forward-Looking Statements
Cautionary Note Regarding Forward-Looking Statements Celestica’ ‘This presentation contains forward-looking statements, including, without limitation, those related to: strengthening demand in our businesses, demand environment and customer forecasts, our anticipated financial and/or operational res
Slide 3: CEO Remarks
w yee 0 02 0 Celestica’” THIRD QUARTER 2026 FINA CEO Remarks
Slide 4: Q3 2026 Results
Q3 2026 Results Celestica’ Q3 2026 YTY Q3 2026 Guidance Revenue $5.83B +83% $5.25B - $5.55B GAAP Earnings from Operations as a % of Revenue 7.9% -230 bps GAAP EPS $3.26 +41% Adjusted Operating Margin (Non-GAAP)! 8.5% +90 bps 84% Adjusted EPS (Non-GAAP) $3.30 +109% $2.88 - $3.08 Third Quarter 2026 Fi
Slide 5: Q3 2026 Highlights
Celestica’ Q3 2026 Highlights GAAP Financial Measures y Q3 2026 B/(W) GTQ B/(W) YTY S Millions (except for per share amounts and %) Revenue $5,830 $1,131 $2,636 Gross Margin 11.0% (1.3%) (2.0%) Earnings from Operations $460 $2 $135 Earnings from Operations as a % of Revenue 79% (1.9%) (2.3%) Effecti
Slide 6: CCS and ATS Segment Revenue and Profitability
Celestica’ CCS and ATS Segment Revenue and Profitability S Millions Q3 2026 YTY ccs! $4,872 Up 102% Revenue Networking? $3,263 Up 68% Q3 2026 Revenue® Compute & Storage23 $1,609 Up 242% a ATS# $957 Up 23% S$ Millions Q3 2026 YTY Segment Incomes ccs $433 Up 117% ATS $63 Up 47% Q3 2026 YTY 84% ccs 8.9
Slide 7: Working Capital
Celestica’ Working Capital $ Millions Q3 2026 B/(W) GTQ B/(W) YTY 0.2 Inventory $4,510 ($1,108) Customer Cash Deposits for Inventory? $561 $79 Cash Cycle Days’ Q3 2026 Q2 2026 Q3 2025 Days in A/R 56 63 68 Days in Inventory 70 67 65 Days in A/P (74) (73) (54) Days in Cash Deposits (10) (10) (14) Cash
Slide 8: Cash Flow Overview
Cash Flow Overview Celestica’ Non-GAAP Free Cash Flow ($M) 156 138 147 128 Q424 ares Q2'25 Q3'25 Q425 are Q2'26 Q3'26 QTQ YTY Increase/(Decrease) Increase/(Decrease) Gross Capex $274 $10 $237 Gross Capex as a % of revenue 47% (0.9%) 3.5% § Millions Q3 2026 Note: See "Note Regarding Non-GAAP Financia
Slide 9: Balance Sheet
Balance Sheet Balance Sheet (as of September 30, 2026) Cash and Cash Equivalents $3.96B ReVOIVEF (exctuding ordinary course letters of credit) Term Loans Net Cash GAAP TTM Debt Leverage Ratio Non-GAAP Adjusted TTM Debt Leverage Ratio Total Liquidity! ss" on slide 2. Third Quarter 2026 Financial Resu
Slide 10: Q4 2026 Guidance
Q4 2026 Guidance Celestica’ Revenue $6.275B - $6.575B 8.7% Adjusted Operating Margin (Non-GAAP) at the mid-point of revenue and non-GAAP adjusted EPS guidance ranges Adjusted EPS (Non-GAAP)! $3.37 - $3.57 Adjusted Effective Tax Rate (Non-GAAP) ~20% 1. Accounts for estimated impact of August nd will
Slide 11: Q4 2026 End Market Revenue Outlook
Q4 2026 End Market Revenue Outlook Celestica’ Networking Increase approximately 65% Compute & Storage Increase approximately 160% ATS Increase low-twenties see ¢ updated through a pu onably pre’ nancial mea Third Quarter 2026 Financial Results October 27, 2026 | 11 king G i om the P financial meast
Slide 12: 2026 Annual Outlook
Celestica’ 2026 Annual Outlook YTY GROWTH PRIOR OUTLOOK $21.0B +69% $20.5B 2026E Revenue 8.4% +90bps 8.4% 2026E Non-GAAP Adjusted Operating Margin 2026E Revenue by Segment ($B) 2026E Non-GAAP Adjusted EPSt $460M ~Flat $600M 2026E Non-GAAP Free Cash Flow [ $11.55 +91% $11.30 uutstanding f financial m
Slide 13: Third Quarter 2026 Financial Results
“ Tee ~Celestica’ THIRD QUARTER 2026 FINANCIAL RESULTS October 27, 2026
Slide 14: Appendix
w yee 0 02 0 Celestica’” THIRD QUARTER 2026 FI Appendix
Slide 15: (In millions of U.S. dollars, except percentages)
(In millions of U.S. dollars, except percentages)
Slide 16: Non-GAAP Financial Measures
Non-GAAP Financial Measures Celestica’ ‘The non-GAAP financial measures included in this presentation are: adjusted gross profit, adjusted gross margin (adjusted gross profit as a percentage of revenuel, adjusted selling, general and administrative expenses (SGBA), adjusted SG&A as a percentage of r
Slide 17: Non-GAAP Financial Measures
Non-GAAP Financial Measures Celestica’ Restructuring and Other Charges (Recoveries) consist of, when applicable: Restructuring Charges (Recoveries) (defined below); Transition Costs (Recoveries) (defined below); consulting, transaction and integration costs related to potential and completed acquisi
Slide 18: Non-GAAP reconciliation tables (in millions of U.S. dollars)
(In millions of U.S. dollars, except percentages and per share amounts) Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 YTD 2026 FY 2025 Revenue $ 2,545.7 $ 2,648.6 $ 2,893.4 $ 3,194.0 $ 3,654.9 $ 4,047.0 $ 4,698.6 $ 5,829.7 $ 14,575.3 $ 12,390.9 Net earnings 151.7 86.2 211.0 267.8 2
Slide 19: Non-GAAP reconciliation tables (in millions of U.S. dollars)
Depreciation expense - property, plant and equipment, software 28.1 25.3 33.4 28.2 40.7 27.5 31.4 35.7 94.6 127.6 Non-GAAP adjusted EBITDA $ 203.7 $ 215.2 $ 250.1 $ 272.5 $ 325.1 $ 354.8 $ 420.4 $ 534.6 $ 1,309.8 $ 1,062.9 As a percentage of revenue 8.0% 8.1% 8.6% 8.5% 8.9% 8.8% 8.9% 9.2% 9.0% 8.6%
Slide 20: Non-GAAP reconciliation tables: tax and earnings
(In millions of U.S. dollars, except percentages) Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 YTD 2026 FY 2025 GAAP tax expense $ 37.8 $ 27.5 $ 46.3 $ 43.1 $ 33.8 $ 44.0 $ 72.8 $ 58.6 $ 175.4 $ 150.7 Earnings from operations 202.6 128.8 272.5 325.0 314.4 272.1 458.3 460.0 1,190.4
Slide 21: Third Quarter 2026 Financial Results
“ Tee ~Celestica’ THIRD QUARTER 2026 FINANCIAL RESULTS October 27, 2026