Computacenter raises FY26 outlook after strong H1
The VAR expects first half profit to double following momentum in North America and the UK
Computacenter has raised its FY26 expectations after strong growth in North America and the UK propelled the VAR to a better-than-expected Q2.
The Hatfield-HQ firm now expects to deliver full-year results “comfortably ahead” of market expectations, despite facing tougher comparatives during the second half of the year.
The new outlook comes as Computacenter expects its H1 adjusted profit before tax to approximately double year-on-year to around £163m, compared with £81.5m during the same period last year.
Geographical breakdown
The group credited its performance to stronger-than-expected growth in North America, alongside an “excellent” performance in the UK.
Across the Atlantic, Computacenter reported higher-than-expected volume growth with hyperscale customers, benefiting both its technology sourcing and professional services businesses.
The firm has also bolstered its footprint in the region through M&A deals.
In May, it bought Government Acquisitions Inc (GAI), a VAR focused on the US federal government market.
In January, it took over US-based tech provider AgreeYa Solutions and the assets of the associated business, AgreeYa India, for an enterprise value of up to $120m (£89.5m).
The UK delivered “excellent” growth in technology sourcing, including further AI-related projects, alongside strong growth in professional services.
The organisation ranks number two on CRN’s Top VARs list.
Continuing a trend seen in Q1, Germany recorded good growth in technology sourcing, although its professional services business remained subdued.
The organisation’s financial performance led it to secure a place in the FTSE 100 for the first time following the June 2026 index review.
In FY25, top line jumped 32 per cent to £9.2bn, compared with £7bn the previous year.
The reseller also reported a strong order intake during the first half, with its committed product order backlog at 30 June being “well ahead” of the £7.1bn recorded at the end of 2025.
Moving forward, Computacenter upgraded its expectations for the full year despite facing tougher comparatives during H2.
“While we remain mindful of a tougher comparative in the second half of the year, we now expect to deliver full-year results comfortably ahead of market expectations,” the group said.
Computacenter is set to publish its H1 results on 8 September.