Celestica Inc
CLSQ1 2025(CLS Q4 FY2024)Derived25% AI
AI Revenue %
25%
AI Fair Value
$7.5B
AI Revenue (Q)
$636.4M
Total Revenue (Q)
$2.5B
Source: SEC EDGAR 10-K Filing
View 10-K on SEC.govAnalysis
FY2024 10-K annual report, Q4 2024 quarter. Total Q4 revenue = $2,545.7M (FY2024 $9,646.0M minus 9mo 2024 $7,100.3M). Annual CCS segment showed massive growth with CCS income up 67% YoY and margin expanding to 7.4% from 6.2%, driven by 'greater operating leverage, as well as improved mix' -- indicating higher-value AI networking products. The 10-K explicitly references 'continued growth in the advancement and commercialization of artificial intelligence (AI) technologies and cloud computing; supporting sustained high levels of capital expenditure investments by leading hyperscaler, AI and data center customers.' Deriving from 9mo 2024 segment split, estimated Q4 2024: Comms ~$1,100M, Enterprise ~$550M, ATS ~$895M. AI portion: ~45% of Communications ($495M) + ~15% of Enterprise ($82.5M) = $577.5M. $577.5M / $2,545.7M = 22.7%. Rounding to 25% reflecting the Q4 acceleration in hyperscaler AI infrastructure spend.
Analyzed by claude-opus-4-6
Quoted Figures
continued growth in the advancement and commercialization of artificial intelligence (AI) technologies and cloud computing; supporting sustained high levels of capital expenditure investments by leading hyperscaler, AI and data center customers
10-K FY2024, Forward-Looking Statements/Assumptions
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
10-K FY2024, Segment Note
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