Celestica Boosts Revenue Guidance Again as AI Demand Booms

Celestica Inc., a leading electronics manufacturing services provider, has once again increased its full-year revenue guidance. This is the third time the company has done so, reflecting the growing demand for its cloud-computing segment. The company cited the surge in demand for artificial intelligence (AI) as a key driver behind this decision. Celestica's cloud-computing business, which includes services for data centers and networking equipment, has been experiencing a significant uptick in orders. As a result, Celestica has revised its revenue forecast for the full year, with expectations of stronger performance compared to its previous projections. This move underscores the company's ability to adapt to the rapidly evolving technology landscape and capitalize on the increasing adoption of AI-powered solutions. The news highlights Celestica's position as a key player in the electronics manufacturing industry, and its ability to respond swiftly to changing market dynamics and customer demands.