Celestica Inc. (CLS) shares surged 14.67% in the pre-market trading session on Thursday, January 30, 2025, following the company's record fourth quarter 2024 financial results and raised full-year 2025 guidance, driven by robust demand for its cloud and artificial intelligence (AI) solutions.

In its Q4 2024 earnings release, Celestica reported record revenue of $2.55 billion, up 19% year-over-year, and a record adjusted earnings per share (EPS) of $1.11, surpassing analysts' expectations. The strong performance was fueled by the company's Connectivity & Cloud Solutions (CCS) segment, which saw a 30% year-over-year increase in revenue to $1.74 billion, driven by increased demand for data center hardware and new AI program awards.

Buoyed by the strong Q4 results and continued momentum in the CCS segment, Celestica raised its full-year 2025 outlook. The company now expects revenue of $10.7 billion, up from its previous outlook of $10.4 billion, and adjusted EPS of $4.75, up from the previous guidance of $4.42.

Celestica also announced two new significant program wins, including a second 1.6 Terabyte switching program with a large hyperscaler customer and a full rack AI-optimized system solution for a leading digital native company. These new programs are expected to leverage Celestica's advanced technologies and contribute to future growth.

The company's president and CEO, Rob Mionis, expressed confidence in the positive momentum, stating, "We believe the positive momentum we are experiencing will continue beyond this year, and into 2026."