22 May 2026

Softcat plc

Q3 2026 Trading Update

Softcat plc ("Softcat", or the "Group"), a leading UK provider of IT infrastructure technology and services, today publishes its trading update for the third quarter ended 30 April 2026.

The Group continued to perform well during the quarter, delivering strong double-digit year-on-year growth in gross profit and underlying operating profit. Growth remains broad-based with particular strength in corporate, supported by customer demand for AI-enabled infrastructure and continued pull forward of some orders due to memory shortages. The Board is pleased with progress to date and now expects mid-teens growth in underlying operating profit for the full year, up from high single-digit previously.

Looking further ahead, the Board is encouraged by the momentum in the business and prospects for continued market share gains, while recognising the uncertainty caused by the ongoing memory shortages and macroeconomic environment.

Graham Charlton, Chief Executive Officer, commented:

"We have continued to see strong customer demand, with the impact of AI on technology driving investment and innovation across all elements of IT infrastructure. Our uniquely broad offering brings together specialisms from the datacentre to the edge, through the network, security, data and automation layers, and across hardware, software and services, spanning the design, implementation, management, support and optimisation of new solutions. This puts us in a strong position to help customers as technology platforms become more complicated and integrated in an age of significant change. With more than 10,000 customers, our experience from the mid-market all the way through to large and complex customers in highly specialised industries, gives us an unrivalled depth of expertise to draw on just when CIOs and IT managers need that help and insight most."

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This announcement has been determined to contain inside information. The responsible individual for insider information at Softcat plc is Luke Thomas (Company Secretary).