Celestica Inc
CLSQ4 2024(CLS Q3 FY2024)Derived22% AI
AI Revenue %
22%
AI Fair Value
$6.9B
AI Revenue (Q)
$549.9M
Total Revenue (Q)
$2.5B
Source: SEC EDGAR 10-K Filing
View 10-K on SEC.govAnalysis
Q3 2024 data from 10-Q comparative period. CCS segment revenue: Communications $1,067.3M (42% of total) + Enterprise $618.1M (25%) = CCS $1,685.4M (67%). ATS $814.1M (33%). Total $2,499.5M. Communications sub-segment is the primary AI revenue driver (networking switches, optical interconnects for AI training clusters). Enterprise includes some AI compute servers but is a mixed bag. Derivation: ~40% of Communications is AI-specific networking ($1,067.3M * 0.40 = $426.9M) + ~15% of Enterprise is AI compute ($618.1M * 0.15 = $92.7M) = $519.6M AI revenue. $519.6M / $2,499.5M = 20.8%. Rounding to 22% to account for AI-adjacent networking content within Communications that is not purely AI-labeled but serves AI workloads.
Analyzed by claude-opus-4-6
Quoted Figures
ATS $ 814.1 33 % ... CCS Communications $ 1,067.3 42 % Enterprise 618.1 25 % ... Total revenue $ 2,499.5
10-Q Q3 2025 filing, Note 3 Segment Data (Q3 2024 comparative column)
CCS segment income for 2024 increased $191.9 million (67%) compared to 2023 as a result of the revenue increase described above. CCS segment margin increased to 7.4% in 2024 from 6.2% in 2023, primarily driven by greater operating leverage, as well as improved mix
10-K FY2024, Segment Note
AI Products Identified (Ring 1)
AI networking switches (400G/800G)GPU server platformsrack-scale AI compute solutionsoptical networking modules
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 storagetelecom equipment
Confidence Tier
DerivedCalculated from reported segments primarily serving AI