Computacenter (CCC) H1 2026 earnings summary

Executive summary

• Achieved record first-half performance, with revenue up 71.6% and adjusted operating profit up 86.5% year-over-year, driven by strong demand in North America and the UK.

• North America accounted for 62% of adjusted operating profit, with 148.4% growth year-over-year, fueled by hyperscale, neocloud, and enterprise customer growth.

• Strategic progress includes market share gains, increased major customers, and successful acquisitions in North America, including AgreeYa and GAI.

• Promoted to the FTSE 100 in June, reflecting business strength and market recognition.

• Raised 2026 outlook, expecting full-year adjusted profit before tax to be significantly ahead of market expectations.

Financial highlights

• Revenue increased to £6,845.2m, up 73.3% in constant currency and 71.6% year-over-year.

• Adjusted operating profit reached £153.1m, up 87.6% in constant currency and 86.5% year-over-year.

• Adjusted diluted EPS nearly doubled to 101.9p, up 94.1% year-over-year.

• Interim dividend increased by 14.8% to 27.1p.

• Record product order backlog at £9.3bn (+323.2% YoY), supporting future revenue visibility.

Outlook and guidance

• Full-year 2026 adjusted PBT expected to be no less than £380m, significantly ahead of consensus (£340.9m).

• Strong start to the second half, with further increases in order backlog, especially in North America.

• Capex for 2026 expected at £70-75m, mainly for a new Integration Center in Atlanta and ERP upgrades.

• Adjusted effective tax rate expected at 28.5%-30.5%.

• Dividend cover targeted at 2-2.5x adjusted diluted EPS.