Celestica Inc
CLSQ1 2024(CLS Q4 FY2023)Estimated15% AI
AI Revenue %
15%
AI Fair Value
$2.9B
AI Revenue (Q)
$464.7M
Total Revenue (Q)
$3.1B
Source: SEC EDGAR 20-F Filing
View 20-F on SEC.govAnalysis
FY2023 20-F annual report. CCS segment revenue grew significantly year-over-year, with CCS segment margin increasing from 5.1% to 6.2%, driven by 'higher volumes and improved mix.' The improving mix reflects the shift toward higher-value AI networking and compute products. The AI infrastructure boom was well underway in 2023 with hyperscaler capex accelerating. CCS represented ~60% of total revenue (~$4.7B of ~$7.9B total). Estimating ~25% of CCS revenue as AI-related in FY2023. Math: ~$4,700M CCS * 25% AI = ~$1,175M AI / ~$7,900M total = ~15%.
Analyzed by claude-opus-4-6
Quoted Figures
CCS segment income for 2023 increased $72.0 million (33%) compared to 2022 as a result of the revenue increase described above. CCS segment margin increased from 5.1% in 2022 to 6.2% in 2023, primarily driven by higher volumes and improved mix
20-F FY2023, Segment Note
CCS segment income for 2023 increased $69.0 million (32%) compared to 2022
10-K FY2024, Segment Note (prior year comparison)
AI Products Identified (Ring 1)
AI/ML networking switchesGPU 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
EstimatedNo direct AI revenue disclosure — estimated from product mix