Toronto, September 22, 2025 – Celestica Inc., the electronics manufacturing services powerhouse, is on the highs of the Toronto Stock Exchange as the undisputed number one on its newly unveiled 2025 TSX30 list, and is the culmination of a three-year meteoric ride in the stocks, in which it has more than 1,000 per cent share price growth using a three-year average sought-after standard.
This major accomplishment, which was announced earlier this month, finalises Celestica as the light at the end of the tunnel in the Canadian technology re-emergence in the face of global AI hype and supply chain realignment.
As the S&P/TSX Composite neared 30,000, up 0.7 per cent to 29,950 in afternoon trade, Celestica (TSX: CLS; NYSE: CLS) shares rose 2.1 per cent to $285.20, giving the index an added tech-driven push and highlighting the hugely important role of the industry in transforming the economy of the country.
The TSX30, a yearly index of leading companies in terms of three-year returns in share prices, identified 30 companies that, as a group, produced 431% average returns and nearly doubled market capitalisation to 358.5 billion.
The domination of Celestica highlights the increasing need to use advanced production in AI, cloud computing, and hyperscale data centres- arenas in which the company has established a niche when serving blue-chip customers such as Apple, Cisco, and IBM.
According to the post announcement interview with Rob Verbick, the CEO of Celestica, the company lies at the heart of the digital revolution due to its relentless pursuit of the connectivity and cloud solutions business. The company reported a 45% increase in Q2 bookings, 75% of revenue today, in its Connectivity & Cloud Solutions (CCS) division, which is driven by AI server implementation.
This is not a pat on the back that is being retroacted, but the path that Celestica is taking shows it is propelling. Analysts estimate revenue at 2025 will be 10.5 billion, or 25 per cent higher, with adjusted EPS of 4.20 versus 3.15 in the year before.
Diluting the traditional telecom equipment, the strategic shift to high-margin AI infrastructure, such as liquid-cooled rack systems and edge computing, has allowed the company to increase its operating margin to 7.2 per cent (up from 5.8). The backlog of orders stands at 2.8 billion; it will continue until 2027, which cushions against cyclical declines.
TSX30 Spotlight: Mining Muscle vs Tech Triumph
Even the mining heavyweights that dominated the list are overshadowed by Celestica, which tops the TSX30 list, with only 17 resource companies securing a place among the commodity safe-haven bids (15 Gold-oriented companies).
Lundin Gold (TSX: LUG) was in second place with an astounding 775% growth, and other contenders to watch such as Equinox Gold (TSX: EQX) and Tudor Gold (TSX: TUD) registered triple-digit gains, and the gold rush was at full speed at $2,550 per ounce.
However, the tech cohort, which includes six innovators, took the prize with an average industry 620% growth, beating mining, 380%. Shopify (TSX: SHOP), the biggest company in Canada at a valuation of $191 billion, was back to the top as an innovation pack with Constellation Software and BlackBerry.
The variety in the list, such as space technology in MDA Space (TSX: MDA) or digital resources in Hut 8 Mining (TSX: HUT) is an example of the multi-faceted economic playbook of Canada.
Eleven mining graduates of the TSX Venture Exchange show the nurturing pipeline of the ecosystem, which transforms explorers into producers. TMX Group CEO John McKenzie said that the release of the TSX30 is more of a roadmap to sustainable growth than it is a scorecard.
In the case of Celestica, this affirmation comes when it signs a historic $500 million contract with a top hyperscaler to manufacture optimised with AI, declared last week, which caused a 5 per cent share price surge.
Response in the market has been viral. The weighting in the TSX of Tech, which is now at 10%, has driven 45 per cent of the 25 per cent YTD gain of the index, and Celestica itself has contributed an additional 15 billion dollars to its valuation since July.
The Bank of Canada’s rate-slicing frenzy, which has lowered rates by 75 basis points since June, has made capital cheaper for capex-intensive trades such as Celestica, whose $400 million annually in R&D investment is now better paying off. CSL trading volume was up 40 per cent above the norm today, at 1.2 million shares, with institutions adding to the pile.
Celestica’s AI Edge: From Contract Manufacturer to Innovation Partner
What sets Celestica apart? It is no longer a matter of assembling circuit boards; now it is about co-designing next-generation hardware. The unit Advanced Technology Solutions of the firm has unveiled silicon-photonics modules in Q3, which will reduce data transfer latencies by 60 per cent in AI training clusters.
Celestica has been integrated into the supply chain of NVIDIA and AMD, where the company produces the GPUs at its plants in Thailand and Mexico to evade tariff controls. The aerospace and defence revenue increased by 18 per cent due to the boost in drone electronics by the Canadian companies, including Bombardier.
The concept of sustainability permeates the story. To earn a place on the Dow Jones Sustainability Index, Celestica has pledged to recycle 95 per cent of manufacturing waste by 2040 by achieving a net-zero commitment.
Such an ESG halo has attracted 800 million dollars in green bonds, which finance a 200 million solar-powered plant in Guadalajara. On the personnel front, the number of employees had increased to 27,000, and the turnover was 8% up due to AI and robotics up-skilling programs.
Things are difficult: Geopolitical tensions may increase component prices 10% and overdependence on CCS (60% in 2022) puts it at the mercy of the tech spending. Enterprise budgets could be cut by a U.S recession, which has a probability of 35 per cent according to Bloomberg. Nonetheless, Celestica has a 12-month forward P/E of 22x, which is discounted compared to the U.S. comparison, including Jabil (28x), which attracts value investors.
General TSX Ripples: Fire is Fueled by Innovation
The ripple effects of the TSX30 are felt. Stocks such as Celestica that are innovation stocks have catalyzed a 2.3% tech sector capitalization today, with the sub index at 1,450 points, its best since March.
There was a stable position in financials and materials, which is up by 0.4% each, since the gold steadiness washes out the 0.2% fall in crude at 73. Wider sentiment is being driven by the dovish inclination of the central bank at odds of 60 to cut in October.
Elsewhere on the fringes, Enbridge (TSX: ENB) rose 1.0 per cent to 53.10 after gaining regulatory approvals on its 1.2-billion-dollar Aspen Grove battery storage, connected to the green transition that Celestica evangelists. In the meantime, Aritzia (TSX: ATZ), which was identified as showing 29.6% growth in profits in growth scans, rose 1.5% to $68.50 on insider purchases.
Horizon Scan: AI Tailwinds and Investor Angels
Celestica forecasts a 2026 revenue of $12 billion by relying on the fact that capex in AI will be $1 trillion worldwide in 2030. Analyst opinion: 92% buy, $310 price target, meaning 9 per cent upside. In the case of yield chasers, it’s 0.5% dividend, which has recently been increased by 20 per cent, is combined with buybacks amounting to $300 million in the first half-year.
Risks? Multiples could be limited by Taiwan tensions, supply snarls, or a Fed hawk turn. However, as Canada is innovating 10,000 tech talents in one year with its innovation visa, Celestica gets even more talents.
Celestica is an example of how grit and genius can make Canada go in the right direction. This TSX giant is no longer at the top of lists in an age of AI, but it is not just breaking those rules–it is defining them. Investors, note: this is the future, circuit at a time, and it is being manufactured here.
