10:57 AM EDT, 07/29/2025 (MT Newswires) -- Celestica ( CLS ) kept its outperform rating and US$185 price target at RBC Capital Markets, according to a note published Monday that noted a "larger than expected Q2 beat and raise" by CLS.

RBC noted Celestica's ( CLS ) adjusted earnings of US$1.39 per share in the second quarter beat RBC's forecast of US$1.27 per share and the consensus projection of US$1.24 per share.

Revenue of US$2.89 billion was 8.1% above consensus of US$2.68 billion and the RBC estimate of US$2.73 billion, and above the high end of guidance ($2.575-2.725B). This is Celestica's ( CLS ) largest revenue beat in over two years, RBC said.

RBC noted all revenue segments exceeded expectations; Q3 guidance was well ahead of RBC/consensus; and FY25 guidance was raised.

CLS was at last look up near 20%.

Price: 285.17, Change: +47.10, Percent Change: +19.78