Canadian AI stocks are drawing attention as investors look for other names outside of the big US players. These stocks, which seem to have flown under the radar, are companies with real AI revenue exposure rather than pure hype. On this list, Wealthier Today’s top 4 Canadian AI stock picks include Celestica, Kinaxis, Docebo, and OpenText, all of which play in a different part of the AI boom. These include infrastructure, orchestration, learning software, and enterprise information management, but what they all have in common is that they seem to have found success in the booming industry.
The Top 4 Canadian AI Stocks And What They Do
1. Celestica (TSX: CLS)
Appearing at the top of this list is Celestica (TSX: CLS), the most direct infrastructure play of the group. The company was founded in 1994 and is headquartered in Toronto. It started as an electronics manufacturing services company, but has successfully evolved into a supply-chain and design partner for cloud, datacenter, and industrial customers.
In its 2025 annual report, the company shared that it enables critical data-center infrastructure for AI and cloud workloads. Celestica’s reported 2025 revenue was US$12.39 billion, up 28% year-over-year, and revealed that its Cloud & Connectivity segment rose 42% to US$9.19 billion. In its January 28, 2026, earnings release, it also lifted its 2026 revenue guidance to US$17.0 billion, which it ended up raising again to US$19.0 billion in its first-quarter 2026 update.
Naturally, a growth of this magnitude has translated into extraordinary share performance. TradingView data shows CLS stock price is up 272.85% in one year as of mid-June 2026, while Simply Wall St cited a 196.15% one-year gain and a 52-week range that reflected a rapid rerating.
{{ stock-chart symbol="TSX: CLS" title="Celestica Inc."1D" height="360" }}
2. Kinaxis (TSX: KXS)
Next on the list is Kinaxis (TSX: KXS), a supply-chain orchestration specialist based in Ottawa. The company was founded in 1984 and built its business around rapid planning and decision-making for complex global supply chains. However, its AI-infused Maestro platform combines predictive, generative, and agentic AI with concurrency, a proprietary approach that lets planners test scenarios in real time.
Like Celestica, Kinaxis has found its own share of success, reporting a 2025 revenue of US$548.0 million, up from US$483.1 million in 2024, according to its 2025 annual information form. In its March 4, 2026, release, Kinaxis said its SaaS revenue grew 19% in fiscal 2025, and ARR rose 20% to US$433 million. The company reiterated guidance in Q1 2026 and said it was seeing early demand for Maestro Agents.
Compared to Celestica, though, Kinaxis has experienced a more measured growth story, and the stock price reflects that. Data shows that KXS is down 26.68% over one year as of May 21, 2026, after a period of volatility that included activist interest and strategic-review chatter in 2024. Nevertheless, this decline can make it attractive to investors who might see it as a ‘cheap’ entry.
{{ stock-chart symbol="TSX: KXS" title="Kinaxis, Inc."1D" height="360" }}
3. Docebo (TSX: DCBO)
Unlike the others on this list, Docebo (TSX: DCBO) focuses on pairing AI with corporate learning. Founded in 2005 in Italy and now headquartered in Toronto, the company sells a cloud learning platform that is reportedly used by nearly 3,500 organizations globally. The company is already leaning hard into AI features such as AI Creator, Harmony Co-Pilot, Harmony Search, and AI Virtual Coaching.
Docebo’s 2025 annual information form says 94% of its fiscal 2025 revenue came from recurring subscription plans, and that recurring revenue reached US$242.7 million. This comes after the company reported Q4 revenue of US$63.0 million, ARR of US$238.1 million, and adjusted EBITDA margin of 21.2%.
Docebo's stock price has been weak, however, with data for June 19, 2026, showing the DCBO price at around C$24.36, after a steep drop from earlier highs. This underperformance may reflect investor skepticism about the pace of growth, with a tougher SaaS valuation backdrop and the challenge of converting AI product breadth into faster top-line expansion.
{{ stock-chart symbol="TSX: DCBO" title="Docebo, Inc."1D" height="360" }}
4. OpenText (TSX: OTEX)
OpenText (TSX: OTEX) appears last on this list, but that does not mean it is weaker in any way compared to the others. If anything, it is the legacy giant on this list. Founded in 1991 and based in Waterloo, it is one of Canada’s best-known enterprise software companies. OpenText positions itself as a leader in information management for enterprise AI, but also offers services spanning cloud, security, business network, and analytics.
In its fiscal 2025 results, OpenText reported total revenue of US$5.17 billion, cloud revenue of US$1.86 billion, and an adjusted EBITDA margin of 34.5%. More recently, its Q3 fiscal 2026 release showed US$1.28 billion in quarterly revenue and US$1.058 billion in ARR. This makes it the second-highest earner behind Celestica on this list.
OpenText’s AI story is less about hyper-growth and more about monetizing installed enterprise relationships. Its share price is up around 34.44% on the one-year chart. However, the stock is still trading at a relatively low P/E compared with many AI software names.
{{ stock-chart symbol="TSX: OTEX" title="Open Text Corporation"1D" height="360" }}
Final Note
The common thread among these 4 Canadian AI stocks is that none of these companies is selling a vague AI story. Instead, each one has a long operating history, with established customers and reported financial results that show how their AI offerings are filtering into revenue, margins, and valuations. But even while they are not as popular as their US counterparts, the market has already rewarded some of these names heavily, so the bigger question now is how much of the upside is already priced in.