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Nextdc Limited ( (AU:NXT) ) just unveiled an announcement.
NEXTDC Limited has announced a significant increase in its contracted utilisation, which has grown by 71MW to 316MW, following recent customer contract wins. This has resulted in a 53% increase in its forward order book to 205MW, expected to convert to revenue between FY26 and FY29. Consequently, the company has raised its FY26 capital expenditure guidance by A$400 million to accommodate the expansion required for these new contracts. Despite the increased capex, NEXTDC’s net revenue and underlying EBITDA guidance for FY26 remain unchanged.
The most recent analyst rating on (AU:NXT) stock is a Hold with a A$16.00 price target. To see the full list of analyst forecasts on Nextdc Limited stock, see the AU:NXT Stock Forecast page.
More about Nextdc Limited
NEXTDC is an ASX 100-listed technology company and a leading Data Centre-as-a-Service provider in Asia. It is known for its innovative infrastructure platform supporting the digital economy, offering critical power, security, and connectivity for global cloud computing providers, enterprises, and governments. NEXTDC is distinguished by its Uptime Institute certified Tier IV facilities and a focus on sustainability and operational excellence, including carbon-neutral operations and high energy efficiency standards.
YTD Price Performance: -9.95%
Average Trading Volume: 2,185,923
Technical Sentiment Signal: Sell
Current Market Cap: A$8.7B
For an in-depth examination of NXT stock, go to TipRanks’ Overview page.