Celestica has moved into the spotlight, overtaking CGI to become Canada’s third-most-valuable tech company. A 17 per cent share jump in late July 2025 lifted its market capitalisation above CA$7.5 billion, thanks to strong earnings and brisk demand for AI-centred infrastructure.
The Toronto firm, long viewed as a contract manufacturer, now focuses on hyperscale data centres, AI hardware and next-generation connectivity. That shift has impressed investors and pushed Celestica into a market dominated by software names such as Shopify and Thomson Reuters. “Celestica’s pivot to high-margin services in advanced technology solutions is paying off,” wrote StockAnalysis in a recent note. Over the past 12 months the stock has risen 180 per cent, making it one of the best performers on the TSX.
Why Celestica’s pivot matters
Canada has few hardware-oriented success stories in its public-tech mix. Celestica’s rise shows growing investor confidence in companies that build the physical backbone for AI and cloud services. Demand from hyperscalers and government agencies for resilient, local supply chains has played to the firm’s strengths.
Policy and supply-chain impact
Celestica’s momentum extends beyond the trading floor. Its progress boosts Canada’s profile in enterprise hardware at a time when Ottawa and Washington are increasing AI-infrastructure spending. The company recently expanded partnerships in North America and Asia, with facilities in the United States, Thailand and Mexico anchoring its global network. As governments seek secure chip supply and robust logistics, Celestica’s role as an integrator gains strategic weight.
With tech valuations still volatile, Celestica stands out as an example of disciplined repositioning. Continued focus on design-led, AI-aligned services could keep the company in both investor portfolios and policy discussions about digital infrastructure and economic resilience.
