Filing Flows › Celestica (CLS) › Q2 2026 › vs Q1 2026
Celestica (CLS) Q2 2026 vs Q1 2026 (quarter over quarter)
Celestica's revenue rose $652M (+16%) from $4.0B in Q1 2026 to $4.7B in Q2 2026. The biggest changes: CCS +$569M (+18%); ATS +$82.3M (+10%). Gross margin 12.3% against 10.8% (+1.5 pts).
Celestica, Q2 2026: revenue $4.7B (+62% year over year), operating margin 9.8%, net earnings $369M, operating cash flow $411M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 12.3% | 10.8% | +1.5 pts |
| Operating margin | 9.8% | 6.7% | +3.0 pts |
| Net margin | 7.8% | 5.2% | +2.6 pts |
| Free cash flow margin | 3.1% | 3.1% | -0.0 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| CCS | $3.8B | $3.2B | $569M | +18% |
| ATS | $888M | $806M | $82.3M | +10% |
| Revenue | $4.7B | $4.0B | $652M | +16% |
| Gross profit | $578M | $437M | $140M | +32% |
| Cost of revenue | $4.1B | $3.6B | $511M | +14% |
| Operating profit | $458M | $272M | $186M | +68% |
| Operating expenses | $119M | $165M | −$45.9M | -28% |
| Pre-tax earnings | $442M | $256M | $185M | +72% |
| Other expense, net | $16.7M | $15.8M | $900K | +6% |
| Research & development | $46.3M | $41.2M | $5.1M | +12% |
| SG&A | $58.1M | $117M | −$59.3M | -51% |
| Other operating costs | $14.8M | $6.5M | $8.3M | +128% |
| Net earnings | $369M | $212M | $156M | +74% |
| Income tax | $72.8M | $44.0M | $28.8M | +65% |
| Depreciation & amortization | $44.0M | $39.6M | $4.4M | +11% |
| Share-based compensation | $19.3M | $30.5M | −$11.2M | -37% |
| Working capital & other | $21.2M | −$73.9M | $95.1M | — |
| Operating cash flow | $411M | $356M | $54.6M | +15% |
| Free cash flow (OCF − capex) | $147M | $127M | $20.3M | +16% |
| Capital expenditures | $264M | $230M | $34.3M | +15% |
Questions
How much did Celestica's revenue grow quarter over quarter in Q2 2026?
Celestica's revenue rose $652M (+16%) from $4.0B in Q1 2026 to $4.7B in Q2 2026.
What drove Celestica's revenue change in Q2 2026?
CCS +$569M (+18%); ATS +$82.3M (+10%).