Volex shares surge 12% as data centre boom drives record revenues

Volex PLC (AIM:VLX), the AIM-listed manufacturer of power cables and data transmission products, has upgraded its full-year profit expectations after a surge in demand from artificial intelligence data centres, sending its shares up 12% to 484p. The company now expects revenues for the year ending March 2026 to reach at least $1.22 billion, with operating margins expected to finish slightly above its 9-10% target range.