The NEXTDC Ltd (ASX: NXT) share price will be on watch on Friday after the company reported FY26 net revenue of $405 million, up 16%, and statutory NPAT swinging to a $82.1 million profit.
What did NEXTDC report?
- Total revenue rose 16% to $496.5 million
- Net revenue grew 16% to $405.0 million (above guidance)
- Underlying EBITDA lifted 15% to $248.8 million (above guidance)
- Statutory NPAT turned positive at $82.1 million, up from a $60.5 million loss
- Contracted utilisation surged 202% to 740.1MW
- Record capital expenditure of $3,397 million
- Pro forma liquidity increased 58% to $8.7 billion
What else do investors need to know?
NEXTDC delivered record contracted utilisation and Forward Order Book, with 565.1MW at year end â over three times billing utilisation. Development ran ahead of schedule, with 80MW of new capacity added in FY26 and progress continuing at key sites in Sydney, Melbourne, and Kuala Lumpur.
The company’s $3.4 billion capex for the year was $397 million above the top end of its guidance, reflecting land acquisitions and accelerated construction to meet customer delivery dates. Pro forma liquidity is now $8.7 billion after $9.75 billion in new capital was raised since August 2025, positioning NEXTDC to execute its extensive development pipeline.
NEXTDC’s data centre portfolio and Forward Order Book are unaffected by proposed state and national reforms in energy regulation. The company remains actively engaged in industry discussions and is well capitalised to manage any regulatory changes.
What did NEXTDC management say?
NEXTDC’s CEO, Craig Scroggie, commented:
FY26 was the largest contracting year in NEXTDC’s history. Contracted utilisation tripled to 740.1MW on a pro forma basis, and we exceeded guidance on both net revenue and Underlying EBITDA. Our Forward Order Book of 565MW is now more than 3.2 times our billing utilisation, and our focus is on delivering that capacity and converting it into revenue and cash inflow.
Since August 2025 we have also raised A$9.75 billion8 of new capital, taking pro forma liquidity from A$5.5 billion to A$8.7 billion and providing significant capital to deliver the contracted capacity and grow our development pipeline.
What’s next for NEXTDC?
For FY27, NEXTDC has guided for net revenue between $615 million and $640 million and underlying EBITDA of $385 million to $410 million, representing expected growth of over 50%. Capital expenditure is forecast at a record $5.25 to $5.75 billion, supporting the build-out of 197MW of contracted capacity converting to billing within the year.
Billing is expected to ramp up significantly, with a further 221MW scheduled to convert in FY28. NEXTDC’s national footprint, rapidly growing customer pipeline, and significant liquidity underpin its confidence in continued expansion across metro, edge, and international markets.
NEXTDC share price snapshot
The NextDC share price has underperformed the S&P/ASX 200 index (ASX: XJO) over the past 12 months with a decline of almost 2%.
The post NEXTDC share price in focus after record FY26 earnings and strong outlook appeared first on The Motley Fool Australia.
Should you invest $1,000 in Nextdc right now?
Before you buy Nextdc shares, consider this:
Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Nextdc wasn’t one of them.
The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
And right now, Scott thinks there are 5 stocks that may be better buys…
* Returns as of 1 August 2026
.custom-cta-button p {
margin-bottom: 0 !important;
}
More reading
- Investing in AI stocks on the ASX? Here’s what you should buy
- Could the AI boom just be getting started for NextDC shares?
- Where to invest $5,000 in Australian shares now
- Anthropic is expected to IPO at $2 trillion. This should excite ASX AI investors.
- 3 top ASX shares for beginners to buy now
Motley Fool contributor James Mickleboro has positions in Nextdc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.