NEXTDC Posts Record Half-Year as Hyperscale Demand Drives Massive Expansion

Nextdc Limited ( (AU:NXT) ) has provided an update.

NEXTDC reported record first-half FY26 results, with net revenue up 13% to A$189.2 million and underlying EBITDA rising 9% to A$115.3 million, while narrowing its net loss. Contracted utilisation surged 137% to 416.6MW, underpinning a substantial forward order book that management expects will materially lift revenue and earnings through FY29.

To fund its rapidly expanding contracted capacity pipeline, NEXTDC plans a subordinated notes offering and is advancing a JV structure for major Sydney projects S4 and S7 to recycle capital while retaining control. The group has upgraded planned capacities at key sites, added new built capacity, lifted FY26 capex guidance to as much as A$2.7 billion, and says its A$4.2 billion in liquidity leaves it well positioned to capture ongoing hyperscale demand.

The most recent analyst rating on (AU:NXT) stock is a Buy with a A$19.00 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 Limited is an Australian data centre operator specialising in colocation and cloud-connected infrastructure for enterprise and hyperscale customers. The company focuses on high‑capacity facilities in major metropolitan and regional hubs, and is expanding its footprint internationally in key Asia‑Pacific markets such as Kuala Lumpur and Tokyo.

Average Trading Volume: 2,076,796

Technical Sentiment Signal: Sell

Current Market Cap: A$8.51B

For an in-depth examination of NXT stock, go to TipRanks’ Overview page.