Celestica Inc
CLSQ1 2023(CLS Q4 FY2022)Estimated8% AI
AI Revenue %
8%
AI Fair Value
$1.5B
AI Revenue (Q)
$247.8M
Total Revenue (Q)
$3.1B
Source: SEC EDGAR 20-F Filing
View 20-F on SEC.govAnalysis
FY2022 20-F annual report. CLS reports two segments: ATS (Aerospace, Defense, Industrial, HealthTech, Capital Equipment) and CCS (Connectivity & Cloud Solutions, comprising Communications and Enterprise end markets). The 20-F references growth in 'HPS business' (Hardware Platform Solutions) driving CCS margin improvement from 3.9% to 5.1%. In FY2022, AI/ML workloads were an early-stage driver of networking and server demand (pre-ChatGPT era). CLS does not break out AI-specific revenue. CCS represented roughly 55% of total revenue. Conservatively estimating ~15% of CCS revenue was AI-related at this stage (early hyperscaler AI cluster networking, nascent GPU server programs). Math: ~$3,600M CCS * 15% AI = ~$540M AI / ~$6,600M total = ~8%.
Analyzed by claude-opus-4-6
Quoted Figures
CCS segment margin increased from 3.9% in 2021 to 5.1% in 2022, primarily due to improved leverage from higher volumes and improved mix due to growth in our HPS business
20-F FY2022, Segment Note
CCS segment income for 2022 increased $88.2 million (68%) compared to 2021 as a result of the revenue increase described above
20-F FY2022, Segment Note
AI Products Identified (Ring 1)
AI/ML networking switchesGPU server platforms
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
EstimatedNo direct AI revenue disclosure — estimated from product mix