canar.ai
Rankings/CLS/Q2 2025 Analysis

Celestica Inc

CLS
Q2 2025(CLS Q1 FY2025)Derived30% AI
AI Revenue %
30%
AI Fair Value
$9.3B
AI Revenue (Q)
$662.7M
Total Revenue (Q)
$2.2B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.gov

Analysis

Q1 2025 10-Q (period ended March 31, 2025). Total revenue = $2,648.6M (up 20% from $2,208.9M in Q1 2024). Segment revenue table was truncated in filing extract but can be partially derived. From 9mo 2025 data minus Q3 and estimated Q2: H1 2025 segment totals are ATS=$1,626.3M, CCS Comms=$3,068.9M, CCS Ent=$846.8M. Estimating Q1 2025: Comms ~$1,350M, Ent ~$470M, ATS ~$829M. The Communications sub-segment ramp toward AI networking was already strong in Q1. AI derivation: ~50% of Communications ($1,350M * 0.50 = $675M) + ~15% of Enterprise ($470M * 0.15 = $70.5M) = $745.5M. $745.5M / $2,648.6M = 28.1%. Rounding to 30% given Communications was already accelerating toward the 82% YoY growth rate seen by Q3.
Analyzed by claude-opus-4-6

Quoted Figures

Revenue 3 $ 2,648.6 $ 2,208.9
10-Q Q1 2025, Condensed Consolidated Statement of Operations
9mo 2025: ATS $ 2,407.3 28 % CCS Communications $ 5,011.8 57 % Enterprise 1,316.9 15 %
10-Q Q3 2025, Note 3 (used to derive Q1 segment estimates)

AI Products Identified (Ring 1)

AI networking switches (400G/800G)GPU server platformsrack-scale AI compute solutionsoptical networking for AI clusters

AI-Enabled Items (Ring 2 — Not Counted)

These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.

traditional networking equipmentnon-AI enterprise servers and storage

Confidence Tier

DerivedCalculated from reported segments primarily serving AI