Slide 1: Second Quarter 2026 Financial Results
Second Quarter 2026 Financial Results July 28, 2026 1
Slide 2: Cautionary Note Regarding Forward-Looking Statements
Cautionary Note Regarding Forward-Looking Statements 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 results, guidan
Slide 3: CEO Remarks
CEO Remarks
Slide 4: Q2 2026 Results
Q2 2026 Results1 Q2 2026 YTY Q2 2026 Guidance Revenue $4.70B +62% $4.15B - $4.45B GAAP Earnings from Operations as a % of Revenue 9.8% +40 bps GAAP EPS $3.17 +74% Adjusted Operating Margin (Non-GAAP)2 8.2% +80 bps 8.0% Adjusted EPS (Non-GAAP) $2.54 +83% $2.14 - $2.34 1 See “Note Regarding Non-GAAP F
Slide 5: Q2 2026 Highlights
Q2 2026 Highlights¹ GAAP financial measures Q2 2026 B/(W) QTQ B/(W) YTY $ Millions (Except for per share amounts and %) Revenue $4,699 $652 $1,805 Gross Margin 12.3% 1.5% (0.5%) Earnings from Operations $458.3 $186.2 $185.8 Earnings from Operations as a % of Revenue 9.8% 3.1% 0.4% Effective Tax Rate
Slide 6: CCS and ATS Segment Revenue and Profitability
CCS1 and ATS2 Segment Revenue and Profitability $ Millions Q2 2026 YTY CCS $3,810 Up 84% Revenue Communications $2,653 Up 62% Q2 2026 Revenue4 Enterprise3 $1,157 Up 167% ATS 19% ATS $888 Up 8% $ Millions Q2 2026 YTY Segment Income5 CCS $330 Up 93% ATS $56 Up 30% CCS Q2 2026 YTY 81% Segment Margin5 C
Slide 7: Working Capital and Cash Cycle Days
Working Capital $ Millions Q2 2026 B/(W) QTQ B/(W) YTY Inventory Turns1 5.4x (0.5x) Flat Inventory $3,402 ($729) ($1,484) Customer Cash Deposits for Inventory2 $481 $93 $85 Cash Cycle Days Q2 2026 Q1 2026 Q2 2025 Days in A/R3 63 65 70 Days in Inventory3 67 61 67 Days in A/P3 (73) (60) (54) Days in C
Slide 8: Cash Flow Overview
Cash Flow Overview Cash Provided by Operations Non-GAAP Free Cash Flow 1 ($M) 411 356 251 143 152 156 138 147 123 130 120 126 77 96 94 89 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 QTQ YTY $ Millions Q2 2026 Increase/(Decrease) Increase/(Decrease) Capex $264 $34 $231 Capex as a % of revenue 5.6
Slide 9: Balance Sheet
Balance Sheet Balance Sheet (as of June 30, 2026) Cash and Cash Equivalents $536M Revolver (excluding L/Cs) - Term Loans $740M Net Debt $204M GAAP TTM Debt Leverage Ratio1 0.5x Non-GAAP Adjusted TTM Debt Leverage Ratio1 0.5x Total Liquidity2 ~$2.3B 1 See “Note Regarding Non-GAAP Financial Measures”.
Slide 10: Q3 2026 Guidance
Q3 2026 Guidance1 Revenue $5.25B - $5.55B 8.4% Adjusted Operating Margin (Non-GAAP) at the mid-point of revenue and non-GAAP adjusted EPS guidance ranges Adjusted EPS (Non-GAAP) $2.88 - $3.08 Q3 2026 Non-GAAP Tax Rate Estimate Adjusted Effective Tax Rate (Non-GAAP) of approximately 20% 1 See “Cautio
Slide 11: Q3 2026 End Market Revenue Outlook
Q3 2026 End Market Revenue Outlook1 Year-over-Year Revenue % Change Communications Increase approximately 60% Enterprise2 Increase approximately 190% ATS3 Increase mid-teens 1 Outlook reflects management’s expectations as of the date provided. 2 Our Enterprise end market consists of our Servers and
Slide 12: 2026 Annual Outlook and Long-Term Demand Update
2026 Annual Outlook and Long-Term Demand Update1 2026 Outlook Previous Long-Term Demand Update 2026 Outlook Revenue Outlook $20.5B $19.0B 2027 revenue growth rate expected to Adjusted Operating Margin (Non-GAAP) 8.4% 8.1% accelerate compared to 65% growth expected in 2026 Annual Outlook Adjusted EPS
Slide 13: Business Outlook
Business Outlook1 Connectivity & Cloud Solutions Advanced Technology Solutions 2026 revenues expected to grow by ~85% 2026 revenues expected to grow by ~10% Communications Capital Equipment Revenue growth through 2026 driven by robust 800G switch demand, Revenue growth driven by strengthening end cu
Slide 14: Concluding Remarks
‘Celestica” Concluding Remarks
Slide 15: - Celestica”
- Celestica” a ~~
Slide 16: Second Quarter 2026 Financial Results
Second Quarter 2026 Financial Results July 28, 2026
Slide 17: Appendix
Appendix oy ‘Celestica”
Slide 18: Segment Income and Margin
Segment Income and Margin1 * 2 * Refers to notes to our June 30, 2026 unaudited interim condensed consolidated financial statements (Q2 2026 Interim Financial Statements) 1 Segment margin is segment income as a percentage of segment revenue. Segment income is defined as a segment’s revenue less its
Slide 19: Non-GAAP Financial Measures
Non-GAAP Financial Measures The non-GAAP financial measures included in this presentation are: adjusted gross profit, adjusted gross margin (adjusted gross profit as a percentage of revenue), adjusted selling, general and administrative expenses (SG&A), adjusted SG&A as a percentage of revenue, adju
Slide 20: Non-GAAP Financial Measures Continued
Non-GAAP Financial Measures…continued 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 acquisit
Slide 21: GAAP to Non-GAAP Reconciliation
GAAP to non-GAAP Reconciliation1 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 1H 2026 FY 2025 GAAP Revenue $ 2,499.5 $ 2,545.7 $ 2,648.6 $ 2,893.4 $ 3,194.0 $ 3,654.9 $ 4,047.0 $ 4,698.6 $ 8,745.6 $ 12,390.9 Net earnings 89.5 151.7 86.2 211.0 267.8 267.5 212.3 368.8 581.1 832.5 Ea
Slide 22: GAAP to Non-GAAP Reconciliation Continued
GAAP to non-GAAP Reconciliation…continued1 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 1H 2026 FY 2025 GAAP Net earnings $ 89.5 $ 151.7 $ 86.2 $ 211.0 $ 267.8 $ 267.5 $ 212.3 $ 368.8 $ 581.1 $ 832.5 As a percentage of revenue 3.6% 6.0% 3.3% 7.3% 8.4% 7.3% 5.2% 7.8% 6.6% 6.7% Empl
Slide 23: GAAP to Non-GAAP Reconciliation Continued
GAAP to non-GAAP Reconciliation…continued1 The following table sets forth a reconciliation of our non-GAAP adjusted effective tax rate to our GAAP effective tax rate for the periods indicated (in millions, except percentages). Adjusted tax expense is determined by excluding the tax effects of the no
Slide 24: Second Quarter 2026 Financial Results
Second Quarter 2026 Financial Results July 28, 2026