Supplychain
Celestica Eyes FY26 Acceleration on Strong Networking Switch Demand
As we have discussed for our Discovery and Pro members, AI networking is one of the strongest trends for this year and next, driven by scale-up and scale-out networking to support larger GPU racks and accelerating GPU cluster sizes. Celestica is an under-the-radar beneficiary of this trend, capitalizing on strong demand for 800G and 1.6T Ethernet networking switches and leveraging its deep ties to hyperscalers. Celestica guided for one of the most impressive accelerations seen in this last quarter of earnings, underpinned by its 800G switches accelerating next year with 1.6T on deck. For 2026, Celestica expects revenue growth to accelerate around five points to 31% YoY in 2026, whereas consensus had been pegged at just 17% YoY. This strong upside is being driven by networking and custom AI compute platforms with visibility into 2026-2027.
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