For the latest fiscal period Q1'26, Celestica (CLS) reported a Gross Margin of 10.8%, an Operating Margin of 6.73%, and a Net Profit Margin of 5.2%. These figures represent a sequential decline compared to the preceding quarters of FY2025, reflecting a move away from the peak profitability levels seen in the middle of that fiscal year. From Q2'23 to Q1'26, the company displayed an overall upward trend in profitability that peaked during Q3'25, where Gross Margin reached a high of 13% and Net Profit Margin hit 8.4%. While margins showed consistent expansion throughout FY2024 and early FY2025, the data indicates a notable contraction starting in Q4'25. Despite this recent volatility, current profitability levels remain significantly higher than the baseline established in Q2'23.