Filing Flows › Celestica (CLS) › Q1 2026
Celestica (CLS) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 27, 2026
Celestica (CLS) reported revenue of $4.0B for the first quarter 2026 (Q1 2026), +53% from a year earlier and +11% from the quarter before. Operating margin was 6.7%, net earnings $212M (5.2% of revenue).
Celestica, Q1 2026: revenue $4.0B (+53% year over year), operating margin 6.7%, net earnings $212M, operating cash flow $356M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.0B | +11% | +53% |
| Gross profit | $437M | +0.9% | +60% |
| Operating profit | $272M | -13% | +111% |
| Net earnings | $212M | -21% | +146% |
| Operating cash flow | $356M | +42% | +173% |
| Free cash flow | $127M | -19% | +35% |
What changed
Revenue was $4.0B in Q1 2026, up 53% year over year and up 11% from the previous quarter. CCS was the largest line at 80% of revenue. CCS added $1.4B year over year (up 76%), 100% of the total change.
Gross margin was 10.8%, up 0.5 points from Q1 2025. Operating profit was $0.27B, a 6.7% margin (up 1.9 points year over year). Of the extra revenue versus Q1 2025, 10% reached operating profit, above the 5% margin then. Operating expenses grew 14% against revenue growth of 53%. The fastest-growing cost line was Research & development (+134%). Net earnings were $0.21B, up 146% year over year. The effective tax rate was 17.2%.
Operating cash flow was $0.36B (up 173% year over year), 168% of net earnings. Non-cash charges added back $0.04B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items added $0.07B. Capital expenditures of $0.23B left free cash flow of $0.13B.
Questions
What was Celestica's revenue in the first quarter 2026?
Celestica (CLS) reported revenue of $4.0B for the first quarter 2026 (Q1 2026), +53% from a year earlier and +11% from the quarter before.
Was Celestica profitable in the first quarter 2026?
Operating profit was $272M (6.7% of revenue) and net earnings $212M.
Source: Celestica 10-Q on SEC EDGAR.