Celestica Inc. (CLS) saw its shares surge over 12% in the after-hours trading session on Wednesday, January 29, 2025, following the company's impressive fourth quarter 2024 results and raised full-year 2025 guidance.

In its Q4 2024 earnings report, the electronics manufacturing services company posted revenue of $2.55 billion, up 19% year-over-year, and adjusted earnings per share (EPS) of $1.11, beating analysts' expectations. Both figures marked the highest quarterly results in the company's history.

The strong performance was driven by robust demand in Celestica's Connectivity & Cloud Solutions (CCS) segment, which saw a 30% year-over-year increase in revenue to $1.74 billion. The company's Hardware Platform Solutions (HPS) revenue within the CCS segment grew an impressive 65% compared to Q4 2023, fueled by increased demand for data center hardware and new AI program awards.

Buoyed by the strong Q4 results and continued momentum in the CCS segment, Celestica raised its full-year 2025 outlook. The company now expects revenue of $10.7 billion, up from its previous outlook of $10.4 billion, and adjusted EPS of $4.75, up from the previous guidance of $4.42.

Celestica also announced two new significant program wins, including a second 1.6 Terabyte switching program with a large hyperscaler customer and a full rack AI-optimized system solution for a leading digital native company. These new programs are expected to leverage Celestica's advanced technologies and contribute to future growth.