$CLS just hit new all-time highs. This AI infrastructure stock Celestica Inc.BATS:CLSVin_GunaratnamCelestica just hit new 52-week highs at $392. AI data centre infrastructure play with 44% revenue growth and a 91.7% checklist score. Here's the full analysis 👇 --- 1/ COMPANY SNAPSHOT Celestica (NYSE: CLS) — Toronto-based tech company providing data centre infrastructure, hardware platform solutions, and advanced manufacturing for hyperscalers like Google and Meta. Market Cap: ~$44.6B Sector: Technology / Electronic Components Next Earnings: April 27, 2026 --- 2/ THE EARNINGS STORY IS INSANE Q4 2025 results: • Revenue: $3.65B (+44% YoY) • GAAP EPS: $2.31 (+79% YoY) • Adj EPS: $1.89 — beat guidance high end by 4.4% • Earnings surprise: +11.2% Beat-and-raise for 4 consecutive quarters. --- 3/ ANNUAL EPS TRAJECTORY 2022: $1.46 2023: $2.03 (+39%) 2024: $3.61 (+78%) 2025: $7.16 (+98%) 2026E: $8.75 guided (+45%) Three straight years of ACCELERATING annual EPS growth. 3-year CAGR of ~70%. This is rare. --- 4/ REVENUE IS ACCELERATING TOO 2023: $7.96B (+10%) 2024: $9.65B (+21%) 2025: $12.39B (+28%) 2026E: $17.0B (+37% guided) Revenue growth is speeding up, not slowing down. CCS segment (data centre) grew 64% in Q4 alone. HPS (switches/compute) grew 72%. --- 5/ MARGINS & BALANCE SHEET • Adj operating margin: 7.5% (2025), guided 7.8% (2026) — expanding every year • ROE: ~40.5% — exceptional • Debt/Equity: ~41% — conservative • Free cash flow: $458M in 2025 • $1B capex planned for 2026, fully funded by operations Only weakness: Pre-tax margin at ~7.9% (EMS industry structural — not a red flag here). --- 6/ WHAT'S DRIVING THE GROWTH ✅ Preferred manufacturing partner for Google TPU systems ✅ 3 hyperscaler wins for 1.6T switching platforms ✅ AMD Helios AI rack-scale platform collaboration ✅ HPS revenue at $1.4B/quarter and growing 72% YoY ✅ $1B capacity expansion across Texas, Thailand, Mexico, Japan This is a structural AI infrastructure play, not a one-quarter wonder. --- 7/ TECHNICAL PICTURE • Price: $387.74 — just 1.1% off 52-week high • 50-day MA: ~$293 (price well above) • Moving averages stacked bullish: Price > 50 > 150 > 200 SMA • 200 SMA trending up from ~$100 in mid-2024 • Breakout on April 14 with 3M volume (1.4x average) Perfect Stage 2 uptrend. 5/5 on the moving average leadership test. --- 8/ INSTITUTIONAL OWNERSHIP • 67.3% institutional ownership • Top holders: Fidelity (6.45%), Vanguard (4.19%), JPMorgan (3.49%), Arrowstreet (2.74%), Franklin (1.98%) • ~810 institutional holders • Growth-focused funds like Whale Rock Capital and Viking Global are on the cap table Quality sponsorship. Slight decline in shares held mid-2025, but recent volume suggests re-accumulation. --- 9/ THE CHECKLIST — 91.7% PASS RATE 22 Pass / 2 Fail / 1 N/A out of 25 criteria Passes: EPS growth, acceleration, estimate revisions, earnings surprise, annual growth, sales growth, ROE, debt, technicals, moving averages, volume, market cap Fails: Pre-tax margin (structural for EMS), slight fund ownership dip --- 10/ FINAL SCORECARD Fundamental Checklist: Strong Current Earnings: Strong Annual Earnings: Strong Sales/Margins/ROE/Debt: Strong Technical Performance: Strong Supply & Demand: Mixed Moving Average Leadership: Strong Qualitative Thesis: Strong Institutional Sponsorship: Mixed 7 Strong / 2 Mixed / 0 Weak OVERALL: ★ Elite Growth Candidate ★ --- 11/ BULL CASE • Purest AI data center infrastructure play in the market • Revenue acceleration from +10% to +37% guided • Multi-year hyperscaler program wins give 2027+ visibility • Forward PE ~31x on 45%+ EPS growth — not expensive for the growth • $1B capex funded entirely by cash flow = financial strength --- 12/ BEAR CASE • 3 customers = 63% of revenue — extreme concentration • Stock is +398% off 52-week low — extended • Pre-tax margins structurally lower than software peers • AI capex cycle could pause if hyperscalers pull back • Insider selling (mostly comp-related but still notable) --- 13/ WHAT TO WATCH 📅 Q1 2026 Earnings: April 27 — THE catalyst. Guidance: $3.85-4.15B rev, $1.95-2.15 adj EPS 📊 Estimate revisions: Will analysts move above $8.75 for 2026? 🏦 May 13F filings: Did institutions buy the breakout? 📈 Breakout level: $392 (new highs) / Support: $310 and 50-day MA at ~$293 📐 Margin watch: Any guidance above 8.0% adj operating margin = structural shift --- 14/ BOTTOM LINE Celestica has transformed from a traditional contract manufacturer into a high-growth AI infrastructure company. 91.7% checklist score. Accelerating revenue and earnings. Multi-year hyperscaler visibility. Breaking to new highs on volume. It's an Elite Growth Candidate. The April 27 earnings report is the next make-or-break moment. --- ⚠️ Not financial advice. All data from public filings and third-party sources. Some institutional data may be delayed. Do your own due diligence. CLS #Celestica #AI #GrowthStocks #DataCenter #Earnings