Volex plc surged 18.59% on Tuesday after raising its profit forecast for fiscal 2027, citing broad-based revenue growth and sustained demand in key end-markets.
The London-listed manufacturer of data center cabling and electric-vehicle components now expects underlying operating profit for the year ending March 2027 to exceed current market expectations. The upgrade follows a 28% year-over-year increase in constant-currency organic revenue for the four months to July 31, 2026, driven by all five of the company’s end-markets.
Monthly revenue in the period averaged 8% above the second-half average of fiscal 2026, though Volex noted that headline growth rates are expected to normalize as prior-year comparisons annualize. Demand remained particularly strong in complex industrial technology, where data center customer activity stayed elevated, and in EV and electrification products.
The company also highlighted the completion of its acquisition of the remaining stake in Kepler SignalTek, expanding its medical portfolio into patient-to-device applications. Volex’s shares were admitted to the London Stock Exchange’s Main Market on July 24, 2026, following its transition from AIM.
Volex reiterated progress against its medium-term strategic plan, outlined at its Capital Markets Day in April, as it benefits from structural tailwinds in data infrastructure and clean energy transition.
