Shares of Celestica Inc. (CLS) surged 5.29% in pre-market trading on Friday, following the company's impressive fourth quarter earnings results and raised outlook for 2025.

The electronics manufacturing and supply chain solutions provider reported revenues of $2.55 billion for Q4 2024, up 19% year-over-year and exceeding analyst expectations of $2.49 billion. Adjusted earnings per share came in at $1.29, surpassing the $1.21 consensus estimate.

Fueled by robust demand in its Connectivity and Cloud Solutions segment, Celestica raised its full-year 2025 revenue guidance to $10.7 billion from the previous outlook of $10.4 billion. The company also lifted its 2025 adjusted EPS guidance to $4.75, up from the earlier forecast of $4.42.

Driving further optimism, Celestica announced two significant new program wins - a 1.6T switching program with a large hyperscale customer and a major High Potential Solutions (HPS) win with a leading digital native company. These strategic wins position Celestica for continued growth opportunities in the rapidly expanding data center and artificial intelligence markets.

Analysts were quick to cheer the strong results and positive outlook. CIBC Capital Markets upgraded Celestica to Outperform from Neutral, raising their price target to $150. RBC Capital Markets also boosted their price target on the stock to $140 from $115, reiterating an Outperform rating.