Dicker Data's H1 FY26 gross revenue tops $2b

Dicker Data has reported its results for the first half of FY26, with total gross revenue for the ANZ group coming it at $2.1 billion, up 14.2% from $11.84 billion in H1 of FY25.

The company said that the growth was driven by technology refresh cycles, AI infrastructure investment and sustained demand across software and cybersecurity.

Gross profit also rose 23% to $205.6 million, while EBITDA jumped up even higher, increasing  37.3% on H1 FY25 to finish at $103.5 million, a result Dicker Data attributed predominantly to "strong sales growth and improved margins".

Inventory increased by $107 million as the company made strategic investments in stock to mitigate uncertainty in its supply chain, leading to an increase of $59.3 million in net working capital.

Dicker Data said 2026 has been a "pivotal year for data centre infrastructure and modernisation", with the company's growth underpinned by "sustained demand" across complex solutions, enterprise networking, server and storage infrastructure, power and cooling technologies, as well as AI-enabled software solutions.

In April, it launched ‘Solution ConX’, a partner-to-partner solutions marketplace enabling resellers to access specialist Microsoft cloud capabilities, expand solutions and pursue additional opportunities.

Earlier in the year, Dicker Data’s Telco & Unified Communications capability was expanded, adding Switch Connect, Symbio, GoTo, i-SCAPE and Intele Training to help partners deliver Microsoft Teams Calling, contact centre, voice and end -user training solutions.

On the AI front, the company said it achieved record AI-related sales in H1 FY26, with invoiced value exceeding $50 million.

September of last year saw the rollout of ‘AI Accelerate’ across Australia & New Zealand, bringing together Dell Technologies, HPE, Cisco, Lenovo, NVIDIA, Equinix, ResetData and other ecosystem partners to help resellers develop and commercialise practical AI solutions.

The company's Cisco AI Pod also came online in H1 FY26.

Looking forward, Dicker Data, demand for data centre refresh, software and AI-related projects is expected to support growth in H2, while growth in end-point solutions is expected to moderate.

AI-related revenues are also anticipated to accelerate in H2, reflecting typically lower-margin business, with data centre refresh is also anticipated to build.

The company also called out that pricing impacts from component and supply chain constraints are expected to flow through in H2, resulting in higher inventory replenishment costs, and while absolute revenue demand expectation "remains strong", the impacts from higher prices are likely to begin to materialise in H2, likely resulting in reduced unit demand.

In light of this, FY26 guidance is forecasting Gross Revenue between $4.3 billion and $4.4 billion, reflecting full year growth between 11% and 14% versus FY25, and Net Operating Profit Before Tax, between $162 million and $165 million reflecting PBT margin of approximately 3.8%.