Celestica Prices $3 Billion Equity Offering to Support Growth and Strategic Investments
TORONTO – Celestica Inc. (NYSE: CLS) (TSX: CLS), a global provider of data center infrastructure and advanced technology solutions, has announced the pricing of its previously disclosed public equity offering. The company will issue 9,677,419 common shares at a public offering price of $310 per share, generating approximately $3 billion in gross proceeds before underwriting discounts, commissions, and other offering-related expenses.
The offering marks one of the company’s largest capital-raising initiatives and reflects Celestica’s continued focus on strengthening its financial position while supporting long-term growth opportunities across its expanding technology portfolio.
In addition to the base offering, Celestica has granted the underwriters a 30-day option to purchase up to 1,451,612 additional common shares. If exercised in full, the option would further increase the total capital raised and provide additional financial flexibility for the company.
Proceeds to Fund Expansion and Corporate Growth
Celestica expects to use the net proceeds from the offering primarily to strengthen its working capital position and support capital expenditure initiatives designed to expand manufacturing capacity and technological capabilities. The funds may also be allocated toward general corporate purposes, providing the company with additional flexibility to invest in strategic priorities and respond to evolving customer demand.
The investment comes at a time when demand for advanced data center infrastructure, artificial intelligence (AI) computing platforms, cloud technologies, and networking solutions continues to accelerate worldwide. By reinforcing its capital base, Celestica aims to enhance its ability to serve customers operating in these rapidly growing markets.
Expected Closing
The transaction is expected to close on or around August 7, 2026, subject to customary closing conditions, including the approval and listing of the newly issued common shares on both the New York Stock Exchange (NYSE) and the Toronto Stock Exchange (TSX).
The offering is being led by BofA Securities and Citigroup, acting as joint lead bookrunners, while TD Securities is serving as bookrunner.
Supporting Long-Term Technology Leadership
Celestica has established itself as a leading provider of end-to-end technology solutions, offering expertise across product design, engineering, manufacturing, supply chain management, and platform solutions. The company serves customers across multiple high-growth industries, with a particularly strong presence in data center infrastructure supporting AI, cloud computing, networking, and hybrid cloud environments.
As enterprises and hyperscale cloud providers continue investing heavily in AI infrastructure and next-generation networking technologies, Celestica remains focused on expanding its capabilities to meet increasing customer requirements. The company believes that continued investments in manufacturing capacity, engineering expertise, and operational excellence will strengthen its competitive position while enabling customers to accelerate innovation.
Through its global manufacturing network and engineering resources, Celestica supports customers throughout the product lifecycle, helping reduce time to market while improving operational efficiency and supply chain resilience.
Offering Documentation
The company has filed the required registration and prospectus documents with securities regulators in both Canada and the United States.
In Canada, Celestica has filed a final base shelf prospectus together with a preliminary prospectus supplement with securities regulatory authorities in each province and territory. The final prospectus supplement will also be filed in accordance with applicable securities laws.
In the United States, the offering is being conducted under an automatic shelf registration statement on Form S-3 previously filed with the U.S. Securities and Exchange Commission (SEC). The final prospectus supplement will be filed with the SEC, and investors are encouraged to review these documents before making any investment decisions.
The company emphasized that this announcement is provided for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to purchase securities in any jurisdiction where such transactions would be unlawful.
Forward-Looking Statements
Celestica noted that the announcement contains forward-looking statements regarding the offering, expected closing date, anticipated use of proceeds, customer demand, future investments, and overall business outlook. These statements are based on management’s current expectations and assumptions regarding market conditions, customer demand, capital spending trends, operational performance, and broader economic developments.
Management expects continued growth in demand for AI infrastructure, cloud computing platforms, advanced networking technologies, and data center solutions. The company also anticipates sustained investments by hyperscale cloud providers and enterprise customers, creating opportunities for further business expansion.
However, these expectations remain subject to numerous uncertainties. Actual results could differ materially due to changing customer demand, evolving market conditions, supply chain disruptions, manufacturing challenges, regulatory developments, geopolitical events, tariff changes, technology shifts, inflation, interest rate movements, or broader economic uncertainty.
Additional risks include customer concentration, fluctuations in capital expenditure by major technology companies, delays in production programs, competitive pressures, component shortages, labor availability, execution of expansion plans, cybersecurity threats, and the successful commercialization of emerging AI technologies.
The company also highlighted that future performance depends on its ability to maintain strong customer relationships, expand manufacturing capacity efficiently, recruit and retain skilled employees, manage operating costs, and execute strategic investments successfully.
Focus on Future Growth
The successful completion of the offering is expected to further strengthen Celestica’s balance sheet and provide additional resources to support its long-term growth strategy. As global investment in AI infrastructure and cloud technologies continues to accelerate, the company plans to leverage its expanded financial flexibility to enhance manufacturing capabilities, support innovation, and deepen customer partnerships across high-growth markets.
Celestica remains committed to delivering advanced engineering and manufacturing solutions that help customers build the next generation of digital infrastructure. By combining global operations, technical expertise, and disciplined capital allocation, the company aims to create sustainable long-term value for customers, shareholders, and other stakeholders.
The company noted that forward-looking statements reflect management’s views only as of the date of the announcement and, except where required by law, Celestica undertakes no obligation to update these statements in response to future events or new information.
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