Celestica Drops in Toronto as AI Hardware Trade Struggles
Celestica’s Toronto-listed shares fell about 5% Tuesday as the TSX reopened after Victoria Day, mirroring a 4.4% drop in its U.S.-listed shares Monday. The stock has retreated despite Celestica raising its 2026 revenue and profit outlook last month. Shares traded near $340.54 in New York early Tuesday afternoon. Other contract manufacturers, including Jabil and Flex, also declined.