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An update from Nextdc Limited ( (AU:NXT) ) is now available.
NEXTDC has significantly strengthened its market position, reporting that pro forma contracted utilisation rose about 60% to 667MW as at 31 March 2026, following substantial new customer contract wins. The company’s pro forma Forward Order Book jumped 83% to 544MW, underpinning future growth as these commitments are expected to convert into billing utilisation, revenue and EBITDA over FY26 to FY30.
To support this accelerated demand, NEXTDC has lifted its FY26 capital expenditure guidance by A$300 million to a range of A$2.7 billion to A$3.0 billion, reflecting faster expansion of data centre inventory and long-lead items, particularly for its S4 facility. Despite the heavier investment program, the company has left its FY26 net revenue and underlying EBITDA guidance unchanged, signalling confidence in its ability to absorb the capex uplift while maintaining earnings expectations.
The most recent analyst rating on (AU:NXT) stock is a Buy with a A$16.60 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 ASX 100-listed technology company and leading Data Centre-as-a-Service provider in the Asia-Pacific region, focused on building critical digital infrastructure for the cloud economy. It operates Australia’s only network of Uptime Institute certified Tier IV facilities, serving global cloud providers, enterprises and government with high-security, high-efficiency, carbon-neutral data centres.
YTD Price Performance: 6.86%
Average Trading Volume: 2,395,060
Technical Sentiment Signal: Buy
Current Market Cap: A$8.58B
For detailed information about NXT stock, go to TipRanks’ Stock Analysis page.