Celestica smashes Q1 forecasts, lifts 2025 outlook as cloud and connectivity demand soar

Celestica, a leader in design, manufacturing, hardware platforms, and supply chain solutions, reported first-quarter 2025 financial results that decisively exceeded the upper end of its guidance. The company posted revenue of US$2.65 billion, representing a robust 20% year-over-year increase, propelled by broad-based strength across its key business segments. Adjusted earnings per share (non-GAAP) surged to US$1.20, a 45% jump from US$0.83 in the prior-year period, while adjusted operating margin reached a record 7.1%, up from 5.9% a year ago.

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Exclusive: Google considers HBM3E supplier change

Samsung Electronics has recently intensified its deployment in advanced high bandwidth memory (HBM) processes. However, supply chain sources reveal that Samsung’s HBM3E certification progress is once again facing obstacles. Google, which had planned to pair its self-designed AI servers chips with Samsung’s HBM3E and submit them to TSMC for CoWoS packaging, suddenly notified Samsung of the removal of HBM from its plans.

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