The electronics manufacturing services industry is witnessing a transformation, driven by companies outsourcing to enhance efficiency, reduce costs, and accelerate product development cycles. Companies are increasingly seeking partners that can offer comprehensive, end-to-end solutions to meet their complex needs.

Celestica is building a leading position in the market by providing innovative supply chain solutions that aim to enable the world’s leading technology brands. The company’s suite of services spans design and development, engineering, manufacturing, and after-market support, catering to diverse sectors including aerospace, defense, healthcare, technology, and energy. Celestica’s approach combines expertise in hardware platform solutions with comprehensive supply chain management to deliver these tailored, end-to-end solutions.

Original equipment manufacturers, cloud-based service providers including hyperscalers, and businesses across various industries use Celestica. The company supports clients in expanding and optimizing data centers, developing medical devices, and producing advanced defense technology, among many other applications. From producing complex electronic components for the latest aerospace developments to supporting the rise of telehealth with medical device manufacturing. Their expertise in various sectors has solidified the company’s role as a key player in the supply chains of some of the most critical and innovative industries today.

Currently, Celestica is in a phase of strategic growth and transformation. The company’s strategy emphasizes deepening penetration in its end markets, diversifying customer mix and product portfolios, and pursuing strategic acquisitions. The company is not only expanding its global footprint but also investing in new technologies and capabilities to enhance its service offerings. This includes embracing Industry 4.0 technologies such as industrial IoT networks, AI, big data, robotics, and automation to increase manufacturing efficiency and deploying advanced data analytics for better supply chain visibility.


Celestica’s journey began in 1994 as a subsidiary of IBM. Acquired by Onex Corporation and its own management in 1996, Celestica embarked on a path of expansion, acquiring Design to Distribution in 1997 to strengthen its foothold in Europe, and significantly broadening its reach to Asia with the acquisition of International Manufacturing Services in 1998. That same year, Celestica completed the largest technology IPO in EMS and Canadian history, raising US$414 million.

The turn of the millennium saw Celestica’s aggressive expansion strategy continue with the acquisition of Bull Electronics Inc. and the establishment of a strategic EMS alliance with Motorola. This period of rapid growth also saw a landmark deal with Lucent in 2001, positioning Celestica as a leading EMS provider for the company’s North American operations. The acquisition of Omni Industries Limited that same year marked Celestica’s largest acquisition in Asia, further expanding its global footprint. While the acquisition of Displaytronix in 2005, enhanced Celestica’s after-market services offering.

In recent years, Celestica has continued to adapt to the rapidly changing technology landscape. It has placed a strong emphasis on innovation, particularly in areas such as smart energy, healthcare solutions, and cloud computing.


In 2015, Robert Mionis was appointed president and CEO. Bringing a wealth of experience from the technology and manufacturing sectors, Mionis ushered in a new era of leadership focused on operational performance and strategic growth. Before joining Celestica, he held various leadership positions, including as president and CEO of Standard Microsystems Corporation, a global supplier of semiconductor solutions, where he successfully led the company through a period of strategic transformation and growth until its acquisition by Microchip Technology Inc in 2012. Mionis also held senior roles at International Rectifier and spent over a decade at IBM in various management and engineering positions.

Yann Etienvre joins Mionis as chief operations officer, bringing extensive experience in global supply chain management and operational leadership. Before his tenure at Celestica, Etienvre held significant roles at Flextronics (now Flex), where he was instrumental in optimizing global operations and enhancing supply chain solutions for the company’s diverse range of customers.


Celestica has positioned itself as a comprehensive service provider in the EMS sector, offering a wide array of product lifecycle solutions. The company specializes in design, manufacturing, hardware platform, and supply chain solutions, catering to a variety of industries including aerospace, defense, healthcare, technology, and energy. Unlike companies that focus on a single aspect of production, Celestica delivers end-to-end solutions, encompassing everything from initial design and engineering to manufacturing and after-market support. This holistic approach ensures that customers receive tailored, integrated solutions that meet their specific requirements.

At the core of Celestica’s offerings are its advanced manufacturing services. The company excels in producing complex products that require high levels of precision and reliability. This includes printed circuit board assemblies, system integration, and after-market services. By employing state-of-the-art technologies and lean manufacturing principles, Celestica ensures efficiency, quality, and scalability in its manufacturing processes.

Celestica also provides comprehensive supply chain solutions that help companies navigate the complexities of global logistics. These services include procurement, inventory management, and logistics support, designed to optimize supply chain efficiency and reduce overall costs. By leveraging its global network and expertise in supply chain management, Celestica enables customers to streamline their operations and respond swiftly to market changes.

Celestica’s customer base is as varied as its service offerings. In the aerospace and defense sectors, it provides mission-critical solutions that meet the stringent quality and security requirements of military and commercial aviation products. These customers rely on Celestica for the production of sophisticated electronic components and systems that are essential for safety and performance.

In the healthcare industry, Celestica manufactures medical devices and diagnostic equipment that adhere to the highest standards of quality and regulatory compliance. Companies in this sector partner with Celestica to leverage its expertise in manufacturing complex, life-saving medical technologies.

Technology companies, including those in the telecommunications, computing, and consumer electronics sectors, turn to Celestica for its ability to handle high-volume manufacturing with precision and agility. Celestica’s capabilities in system integration and electronics manufacturing allow these customers to bring innovative products to market quickly and efficiently.

The energy sector also benefits from Celestica’s services in renewable energy, smart grid technology, and energy storage solutions. By providing manufacturing and supply chain solutions for these emerging technologies, Celestica is supporting the transition to more sustainable energy sources.

Celestica’s broad range of services, combined with its commitment to quality, innovation, and sustainability, makes it a valued partner across various industries. Customers choose Celestica for its ability to deliver integrated solutions that span the entire product lifecycle, from concept to completion. This integrated approach, backed by a global presence and deep expertise in electronics manufacturing and supply chain management, positions Celestica as a key enabler of success for businesses looking to innovate.


Celestica’s strategic emphasis on augmenting its quality, engineering, manufacturing, and supply chain capabilities, especially within its Lifecycle Solutions business, is charting a course for sustained, profitable growth. The company’s investment in this area is targeting a more diversified portfolio, ensuring deeper market penetration and fostering relationships with customers that are both enduring and lucrative. This strategy is notably steering Celestica towards sectors characterized by higher growth potential and margins.

In the aerospace and defense sectors, Celestica has carved out a niche as a premier provider of electronics manufacturing services, offering comprehensive end-to-end solutions. The resurgence in commercial air traffic and anticipated recoveries to pre-COVID levels, coupled with expected new wins in the defense, space, and UAV markets, underscore the growth potential in this segment. Celestica’s ability to adapt to market demands positions it well for expansion in these areas.

The healthtech segment is another area where Celestica is making significant strides, partnering with leading healthcare companies to bring critical medical devices to market. The company’s foray into high-growth markets such as renal dialysis, neurostimulation, and dental radiology, are reinforced by long-standing relationships with large medtech customers.

In the industrial sector, Celestica’s expertise in high-volume automated manufacturing and complex product enablement is particularly noteworthy. The company’s strong positioning with six leading EV charger OEMs and its expansion into energy storage applications highlight Celestica’s strategic alignment with emerging market trends and its capacity to leverage cross-selling opportunities.

The Capital Equipment segment sees Celestica as a leading tier 1 player, providing highly specialized and vertically integrated solutions. Market share gains in semiconductor capital equipment and future display growth, alongside capitalizing on regionalization trends are providing a strong path to growth.

The Hardware Platform Solutions segment also represents a significant growth avenue for Celestica, with its leading hardware platform solutions for data center and network infrastructure markets. The expected compound annual growth rate of 17% for data centers from 2023 to 2025, combined with data center refreshes and expansion into storage, edge computing, and IT Asset Disposition is providing the backdrop for a robust growth trajectory.


Celestica has cemented its status as a powerhouse in the electronics manufacturing services industry, demonstrating solid performance throughout 2023. The company reported a 10% increase in revenue, reaching just under $8 billion for the year, setting a new record for the company. This growth was fueled by significant advancements in both its Connectivity & Cloud Solutions (CCS) and Advanced Technology Solutions (ATS) segments.

In the ATS segment, Celestica experienced a remarkable 29% growth in its industrial business, attributed to escalating programs in smart energy and EV charging. Meanwhile, the CCS segment witnessed a 32% surge in revenue, driven by heightened demand from hyperscaler investments in data center infrastructure. This momentum is anticipated to persist into 2024, laying the groundwork for several years of continued strong demand in the CCS segment.

Looking forward, Celestica’s management has reaffirmed its financial outlook for 2024, with projections exceeding $8.5 billion in revenue and a non-IFRS adjusted EPS of $2.70 or more. Analysts are even more optimistic, forecasting revenue to reach approximately $8.78 billion, marking a 10% year-over-year growth, and a 20% increase in earnings per share to $2.92, up from $2.43.


Those in the EMS sector face intense competition, with a mix of large-scale global providers and smaller, more specialized firms vying for market share. Celestica operates head-to-head with major players such as Benchmark Electronics, Flex, Foxconn, and Sanmina Corporation, among others. Additionally, it faces competition from original design manufacturers (ODMs) like Quanta Computer, Wistron Corp, and Accton Technology Corp., particularly when its hardware platform solutions overlap with a customer’s own hardware products.

Competition also comes indirectly from customers considering in-house manufacturing solutions, as well as from distribution and logistics firms that are expanding their supply chain services to include aspects traditionally handled by EMS providers, such as assembly, fulfillment, and engineering services.

The company’s Connectivity & Cloud Solutions segment also faces specific challenges due to the shift in demand from traditional OEMs to cloud-based and other service providers. This shift has led to aggressive bidding wars among EMS providers and an increased presence of ODMs in these markets.

Despite these challenges, Celestica’s competitive edge lies in its established track record of delivering technologically advanced manufacturing solutions, maintaining high-quality standards, and providing responsive and cost-effective services. The company’s focus on technological advancement in manufacturing, flexibility in delivery schedules, punctuality, and competitive pricing positions it favorably in the highly competitive EMS market.


Leveraging an already comprehensive suite of services across key high-growth sectors, coupled with its keen focus on portfolio diversification, Celestica appears strategically poised for continued growth.

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