Softcat (SCT) Q1 2026 TU earnings summary

Executive summary

• Q1 FY26 trading was strong, with broad-based growth across technology areas and customer segments; progress aligned with the outlook set out in the FY results.

• Continued customer demand, market-share gains and investment in strategic priorities supported progress.

Financial highlights

• Gross profit and underlying operating profit delivered strong double-digit YoY growth.

• Underlying operating profit is adjusted to exclude acquisition-related expenses and implementation costs for new sales and HR systems.

Outlook and guidance

• Progress to date was consistent with the outlook provided in the FY results announcement.

• Strategic investment is intended to address increasingly complex customer needs and capture growth opportunities.