Volex Shares Gain Traction, Q1 Results Fuel FY2026 Optimism

Shares in Volex plc (LON:VLX), a manufacturer of power and data transmission products, are currently trading around 371p, up over 3% on Thursday, buoyed by a strong Q1 FY2026 trading update that reinforces confidence in the company's full-year prospects.

In a trading update released ahead of its annual general meeting, the specialist manufacturer of critical power and data transmission products said Q1 constant currency organic revenue grew 10.4% year-on-year.

The performance was driven by continued growth in the Electric Vehicles and Complex Industrial Technology segments, particularly among data centre clients, as well as solid demand in the Off-Highway sector.

Volex said the robust start to the year supports its expectations for the full financial year, despite ongoing macroeconomic uncertainty.

“The positive momentum outlined at the Group’s FY2025 results has continued into FY2026, despite uncertain macroeconomic conditions, reinforcing confidence in the strategy and outlook for the full year,” the company said.

Operationally, Volex highlighted progress on integrating Murat Ticaret, noting the successful closure of one of its legacy sites in Türkiye.

The move, part of ongoing efficiency initiatives, was completed without customer disruption and is expected to improve service and operational performance.

The company said it is confident in delivering its FY2026 targets and advancing its five-year strategic plan. With a strong pipeline of commercial opportunities, Volex stated that it is well-positioned to “make further progress towards the delivery of our five-year strategic plan and to drive continued value creation for shareholders.”