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Softcat Surges on AI Demand, Profit Outlook Raised
18 Mar
Summary
- Softcat raised its 2026 profit forecast due to AI infrastructure demand.
- First-half operating profit increased by 27.3% year-on-year.
- Interim results were boosted by early orders amid memory shortages.
As of March 18, 2026, British IT firm Softcat has elevated its profit expectations for the fiscal year ending in July 2026. This upward revision stems from robust demand for artificial intelligence infrastructure and proactive customer orders placed in anticipation of ongoing memory shortages.
The company's interim results for the first half of the fiscal year demonstrated substantial growth. Underlying operating profit reached 93.8 million pounds, marking a significant 27.3% increase compared to the same period in the previous year.
Softcat's performance reflects a broader trend of increased corporate investment in AI and automation technologies. The firm has successfully sustained growth through a combination of recurring projects and one-off opportunities.
For the full fiscal year, Softcat now projects high single-digit percentage growth in underlying operating profit, an improvement from its earlier forecast of low single-digit growth. However, the company has cautioned that the full impact of the persistent memory shortage on the second half of the year remains uncertain.
