Volex plc (LSE:VLX) expects revenue for the financial year ending 31 March 2026 to reach at least $1.22 billion, with underlying operating margins slightly exceeding its 9–10% target range. The stronger outlook is being driven largely by rising demand for high-speed data transmission products used in data centres supporting artificial intelligence applications.
The company said revenue from the data centre segment is projected to double compared with the previous year, reflecting rapid expansion in AI-related infrastructure. Other areas of the business — including electric vehicles, consumer electricals, medical technology and off-highway equipment — also delivered solid trading performance. Volex added that it has minimal direct exposure to geopolitical tensions in the Middle East.
The board is also reviewing a potential shift of the company’s listing from AIM to the Main Market of the London Stock Exchange. The move is intended to improve access to capital markets, broaden the shareholder base and potentially allow the company to qualify for inclusion in the FTSE 250 index.
Volex plans to present updated medium-term growth targets and discuss the structural drivers behind its expansion during a capital markets event scheduled for 22 April 2026 in London. The event is expected to outline how the company intends to leverage its increased scale, profitability and global footprint to support the next stage of growth.
The company’s outlook is supported by strong financial performance and positive investor sentiment following recent results. Its focus on fast-growing sectors such as electric vehicles and data centre infrastructure also supports its growth prospects. However, technical indicators and valuation metrics remain broadly neutral, suggesting a balanced risk-reward profile.
More about Volex plc
Volex plc is a UK-based manufacturer specialising in power and data connectivity solutions used in mission-critical applications. The company operates 23 manufacturing facilities and employs more than 13,000 people across 25 countries. Its products serve five core end markets: electric vehicles, consumer electricals, medical technology, complex industrial technology and off-highway equipment.
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