The Dicker Data Ltd (ASX: DDR) share price is in focus today after the company reported a strong H1 FY26, with gross revenue climbing 14.2% to $2,100.9 million and net profit after tax up 54.1% to $60.7 million.
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What did Dicker Data report?
- Gross revenue reached $2,100.9 million, up 14.2% versus the prior corresponding period (pcp)
- Gross profit increased 23.0% to $205.6 million, with gross profit margin at 9.8%
- EBITDA rose 37.3% to $103.5 million
- Net operating profit before tax grew 50.1% to $86.4 million
- Net profit after tax jumped 54.1% to $60.7 million
- Recurring gross software sales up 20.7% to $600 million
- FY26 guidance: Gross revenue of $4.3–$4.4 billion and PBT of $162–$165 million
What else do investors need to know?
Australian operations drove much of the growth, with gross revenue up 18.3% to $1,831.5 million and gross profit rising 29.0%. This result helped offset softer trading and lower profit in New Zealand, where gross revenue was down 7.6% amid currency headwinds.
Software and Advanced Solutions were standout performers, growing 18% and 16.9% respectively, thanks to continued demand in cloud, cybersecurity, AI infrastructure and data centre investments. Dicker Data also expanded its vendor portfolio, signing new partners in areas like AI, cybersecurity, and data management to help meet evolving technology needs.
The company also achieved record first-half AI-related sales and bookings, with an invoiced value exceeding $50 million, supporting its position as a key enabler in the IT channel.
What did Dicker Data management say?
Executive Chair and Managing Director Fiona Brown said:
The Company delivered a strong first half result, with gross revenue surpassing $2.1 billion. This performance reflects the continued strength of our operating model, disciplined execution across the business, and the ability of our teams to capture opportunities emerging from major technology refresh cycles, AI infrastructure investment and sustained demand across software and cybersecurity.
What's next for Dicker Data?
Looking ahead, Dicker Data expects robust demand to continue through the rest of FY26, underpinned by digital transformation, ongoing technology refreshes, and broader adoption of AI solutions. Management expects growth in data centre, software, and AI-related projects to support H2 FY26, though end-point solutions growth may moderate and higher component prices could impact margins in the second half.
The company's FY26 guidance is for group gross revenue between $4.3 billion and $4.4 billion, and PBT of $162 million to $165 million. Dicker Data says its diversified vendor portfolio and strong industry fundamentals position it well for continued momentum.
Dicker Data share price snapshot
Over the past 12 months, Dicker Data shares have risen 37%, far outpacing the All Ordinaries Index (ASX: XAO).
