Computacenter shares climb as AI demand lifts profit outlook

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Computacenter shares climb on AI demand

Highlights

Computacenter expects full-year adjusted pre-tax profit to significantly exceed analyst consensus of £314mn, driven by strong AI data centre demand from hyperscalers.
Shares rise 6 per cent on Thursday, nearly doubling over 12 months, as AI infrastructure spending propels growth and investor interest in Computacenter.
Revenue jumps 32 per cent to £9.2bn in 2025, following U.S. acquisitions and major contracts with customers like Meta, underpinned by hyperscale customer demand.

AI infrastructure demand drives outlook

As reported by Financial Times, Computacenter says full-year adjusted pre-tax profit is set to come in comfortably ahead of analyst expectations of £314mn, helped by stronger than expected demand for AI data centre services from hyperscalers.

The Hertfordshire-based hardware reseller says it is on course to roughly double its adjusted profit before tax from the £81.5mn reported in the first half of 2025. Shares rise 6 per cent on Thursday, and the stock has nearly doubled over the past 12 months as investors respond to the group's exposure to AI infrastructure spending.

Computacenter sells technology services and hardware including cooling equipment and cables. The company says customers include U.S. technology groups Tesla, Meta and xAI, and that hyperscaler demand has been a key driver of recent momentum.

U.S. expansion and FTSE 100 momentum

Growth at the £4.7bn company has been supported by a series of acquisitions in the U.S. over the past few years, positioning the business to benefit from the spread of AI data centres in that market. This year, it announces the purchases of Government Acquisitions Inc, which sells technology to U.S. federal agencies, and AgreeYa Solutions, a technology services group.

Founded in 1981, Computacenter built its business as an IT services contractor for large UK companies before expanding into Europe and the U.S. and listing in London in 1998. Its move into data centre hardware and services accelerates in 2022 after it secures a contract with what it calls one very large volume customer, believed by analysts to be Meta, as the company builds infrastructure for its metaverse project.

Revenue remains flat in the following years but jumps 32 per cent to £9.2bn in 2025, which the company links to buoyant hyperscale customer demand. Peter McNally, an equity research analyst at Stifel, says Computacenter is somewhat uniquely positioned to deliver large projects for hyperscalers because of its experience building computer networks, while also expanding into higher-margin services.

In our earlier article on AI data center-driven power equipment shortages in the U.S., we explained how the rapid buildout is stretching supplies of transformers, switchgear and other critical grid components, pushing lead times out to multiple years and lifting costs. We also noted how utilities and developers are adapting by buying equipment much earlier, diversifying suppliers and using upfront payments or long-term agreements to secure production slots.

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