Softcat (SCT) Q3 2026 TU earnings summary

Executive summary

• Achieved strong double-digit year-on-year growth in gross profit and underlying operating profit for Q3 2026.

• Growth was broad-based, with particular strength in the corporate segment, driven by demand for AI-enabled infrastructure and order pull-forward due to memory shortages.

• Over 10,000 customers served, spanning mid-market to large, complex, and highly specialized industries.

Financial highlights

• Double-digit year-on-year growth in gross profit and underlying operating profit for the quarter ended 30 April 2026.

• Board now expects mid-teens growth in underlying operating profit for the full year, up from previous guidance of high single-digit growth.

Outlook and guidance

• Board is encouraged by current business momentum and prospects for continued market share gains.

• Full-year underlying operating profit growth guidance raised to mid-teens percentage.

• Ongoing memory shortages and macroeconomic uncertainty remain as key risks to the outlook.