Italian cable maker Prysmian has signed a long-term agreement worth up to €5.5 billion, roughly $6.4 billion, with Molex, an electronics company owned by US industrial group Koch, to supply fibre optic cables for data centers, sending Prysmian shares up more than 2% as analysts said the deal provided more certainty around the company's profit-margin outlook. KeyToFinancialTrends reads the deal's structure, a contract running up to ten years and including a €550 million upfront payment, as the kind of long-duration, partially prepaid commitment that gives Prysmian something increasingly rare among AI infrastructure suppliers: multi-year revenue visibility locked in well before the underlying demand has to be re-negotiated year by year.
CEO Massimo Battaini described the agreement as a "transformative moment" for Prysmian's Digital Solutions business, and the scale of the company's follow-on investment underscores how seriously Prysmian is treating that framing. The company will invest €1.25 billion through 2031 to expand optical cable and fibre production, doubling its output capacity in the United States, where it is one of just three local producers in the sector, and the expansion is expected to add 1,000 new jobs globally, including 600 in the US. KeyToFinancialTrends treats Prysmian's position as one of only three domestic US fibre producers as the structural advantage underpinning this entire deal: a data-center buildout increasingly shaped by US industrial and trade policy gives real value to suppliers who can promise domestic production capacity, rather than relying on imported components subject to tariffs or supply-chain disruption.
The Molex agreement is deliberately positioned as one piece of a broader strategy rather than a standalone contract. Prysmian already supplies a wide range of cables required for data centers, from power cables to long-distance submarine ones, and will now add the fibre optic cables used inside data center facilities under the Molex deal specifically, part of what the company calls a broader set of accords with hyperscalers and data center infrastructure providers built around the same AI-driven demand thesis. Key To Financial Trends frames that stacking of contracts, power cables, submarine cables, and now internal fibre optics, as Prysmian's explicit attempt to make itself indispensable across every physical layer of a data center's cabling needs simultaneously: a hyperscaler that already sources power and submarine connectivity from Prysmian has a natural reason to add fibre optics from the same supplier rather than managing a separate vendor relationship, exactly the "one-stop shop" positioning Battaini's team is targeting.
The revenue math behind the announcement suggests Prysmian expects this positioning to compound significantly over the next decade. These combined data center-related deals are expected to deliver as much as €1.1 billion in annual revenue starting in 2031, contributing a cumulative additional €10 billion in revenue by 2035 compared with 2025 levels. KeyToFinancialTrends closes on that 2035 target as a useful gauge of how much of Prysmian's medium-term growth story is now explicitly tied to AI infrastructure spending continuing at something close to its current pace: a cumulative €10 billion revenue increase attributed specifically to data center-related contracts means Prysmian's own long-range guidance is now a fairly direct bet on hyperscaler capital expenditure remaining robust through the next decade, the same assumption underlying most of the AI infrastructure buildout currently reshaping industrial supply chains globally.
