Celestica More Than Doubles Revenue as Whirlpool Cuts Guidance on Deep Q3 Miss

Celestica delivered a standout quarter, reporting Q3 2026 revenue of $5.83 billion against an estimate of $5.46 billion, nearly doubling the $3.19 billion posted a year earlier. Adjusted EPS of $3.30 topped the $2.97 consensus and was more than double the $1.58 earned in the prior-year period. The company raised its full-year 2026 revenue target to $21.0 billion from $20.5 billion and lifted adjusted EPS guidance to $11.55 from $11.30. Most striking was an initial 2027 outlook calling for revenue of $40.0 billion, roughly 90 percent growth year over year and well above the $35.7 billion analyst estimate, with adjusted EPS of $21.50 against a $19.66 consensus. The results were driven by the Connectivity and Cloud Solutions segment, which grew 102 percent to $4.87 billion, while Hyperscale Processing Solutions revenue rose 70 percent to approximately $2.3 billion. The company also completed a public offering generating $3.45 billion in gross proceeds.

Whirlpool reported a severe Q3 miss, with net sales of $3.677 billion falling well short of the $3.92 billion estimate and declining 8.8 percent year over year. Adjusted EPS came in at negative $0.21, compared to a positive $0.80 estimate and $2.09 earned in the prior year. Ongoing EBIT collapsed 46.1 percent to $97 million against an estimate near $181 million, compressing the EBIT margin to 2.6 percent from 4.5 percent a year ago. The company cut its full-year 2026 guidance across every metric, now projecting revenue of approximately $14.5 billion versus the $14.82 billion estimate, adjusted EPS of negative $1.30 against a positive $1.55 consensus, and ongoing EBIT of roughly $293 million compared to an $518 million estimate. Results were weighed down by a $124 million equity method investment impairment, a $54 million impact from the Casas Bahia bankruptcy, and $35 million in restructuring charges. Whirlpool announced price increases of 7 percent in MDA North America and up to 10 percent in Latin America for Q4, and tightened its year-end net debt outlook to below $4.5 billion from below $5 billion.

Cadence Design Systems beat on both top and bottom lines, posting Q3 revenue of $1.63 billion, up 22 percent year over year, against a $1.61 billion estimate, with adjusted EPS of $2.11 topping the $2.05 consensus. The company raised its full-year 2026 revenue guidance to a range of $6.39 billion to $6.42 billion from a prior range of $6.20 billion to $6.34 billion, and lifted adjusted EPS guidance to $8.37 to $8.43 from $8.05 to $8.15. Backlog reached a record $8.2 billion, and the board authorized an additional $2.5 billion for share repurchases. Cadence also launched Maestro, a portfolio of AI models designed specifically for chip and system design.

Welltower posted Q3 normalized FFO of $1.67 per share, beating the $1.63 estimate by $0.04 and rising 25 percent year over year, though revenue of $3.72 billion missed estimates by roughly $30 million. The senior housing REIT raised its full-year normalized FFO guidance to $6.47 to $6.53 per share from a prior range of $6.36 to $6.44, above the $6.40 consensus. Seniors Housing Operating same-store NOI rose 21 percent year over year. Gross investments in Q3 reached $4.1 billion, including $2.7 billion in seniors housing acquisitions across 43 properties.

Rambus beat estimates in Q3 with revenue of $218.3 million, up 22 percent year over year, and adjusted EPS of $0.84 against a $0.79 estimate. Q4 guidance of $227 million to $233 million in revenue and adjusted EPS of $0.84 to $0.92 came in roughly in line with expectations. Amkor Technology fell short on both revenue and earnings, reporting Q3 revenue of $1.99 billion against a $2.01 billion estimate, with EPS of $0.76 missing the $0.78 consensus. Its Q4 revenue outlook of $1.9 billion to $2.0 billion also trailed the $2.02 billion estimate.