The Fortescue Ltd (ASX: FMG) share price is having a bit of a wild ride today.

Shares in the S&P/ASX 200 Index (ASX: XJO) mining giant closed trading yesterday for $18.06. In morning trade on Thursday, shares have been swinging between losses and gains.

At one point, shares were down 2.1% at $17.68 each. At the time of writing, shares have recouped those losses to be changing hands for $18.20 apiece, up 0.8%.

For some context, the ASX 200 is up 0.4% at this same time.

This wild ride for the Fortescue share price follows the release of the miner’s full-year FY 2026 results.

Here’s what’s grabbing investor interest.

Fortescue share price swings back in the green on earnings growth

Over the 12-month period, Fortescue reported revenue of US$17 billion, up 9% from FY 2025. Management credited the revenue boost to the 7% increase in the hematite (iron oxide mineral) realised price to US$91 per dry metric tonne (dmt) and a 2% increase in iron ore sales to 201.4 million tonnes.

But costs were up too, with the hematite C1 unit cost of US$18.74 per wet metric tonne (wmt) up 4% year on year.

Likely helping lift the Fortescue share price today, the company achieved a 9% increase in underlying earnings before interest, taxes, depreciation and amortisation (EBITDA) to US$8.6 billion.

And underlying net profit after tax (NPAT) was up 3% from FY 2025 to US$3.5 billion.

Potentially explaining the volatile price swings, statutory NPAT of US$2.9 billion was down 15%, reflecting a US$525 million non-cash impairment charge relating to Iron Bridge, and a US$73 million compensation claim expense.

The passive income declined as well, with management declaring a fully-franked dividend of 46 cents per share, down 23.3% from last year’s final payout.

What did management say?

Commenting on the results rocking the Fortescue share price today, Fortescue Metals and Operations CEO Dino Otranto said:

Our record operating performance this year underpinned a 9% increase in underlying EBITDA and a 25% increase in free cash flow.

We invested US$3.6 billion across the business and finished the year with US$5.1 billion in cash and net debt of just US$0.9 billion. That puts us in a strong position to continue investing in growth while delivering returns to shareholders.

And Fortescue is tapping into the artificial intelligence revolution to further ramp up productivity.

“We’re also continuing to look for ways to lift productivity and get more from our assets,” Otranto said.

He noted:

AI is one of our biggest opportunities to create value and has the potential to change almost every aspect of how we operate. We’re already putting it to work across drilling, processing, rail and haulage, and using it to optimise how we generate, store and use energy across our Green Grid.

And this is just the start. Autonomy changed how we operated and helped drive our costs down. We see AI doing the same – but on a much broader scale.

With today’s intraday moves factored in, the Fortescue share price is down 6.4% since this time last year, not including dividends.

The post Why is the Fortescue share price on a rollercoaster today? appeared first on The Motley Fool Australia.

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Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. 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.

After a slow start to 2026, the ASX has found some momentum in recent months. 

A more optimistic outlook for conflict in Iran, cooling inflation and halted interest rates are shifting market conditions back towards growth shares. 

For investors looking to beat the market in the new financial year, there are several ASX ETFs that could be poised for strong growth. 

Here are three I would be watching closely. 

Betashares Global Robotics And AI ETF (ASX: RBTZ)

This ASX ETF invests in companies involved in industrial robotics and automation, non-industrial robots, humanoid technology, robotics-focused AI and unmanned vehicles and drones.

Artificial intelligence is becoming a bigger driver of the US economy than consumer spending, according to Nasdaq Chief Economist Phil Mackintosh. 

Mackintosh said the extraordinary wave of investment in AI is reshaping both economic growth and financial markets.

We’ve kind of pivoted away from the consumer being the real driver of growth in the US economy. The consumer has been slowing in the US. What’s been replacing it though is all the build-out of AI.

This bodes well for the future of ASX ETFs like this one from Betashares, which targets leading global companies involved in the production or use of robotics and robotics-focused AI products and services.

AI is largely underrepresented here in Australia, which makes this fund appealing to investors looking to capture the high growth potential from international companies. 

Betashares S&P ASX Australian Technology ETF (ASX: ATEC)

Thanks to the large AI sell-off in early 2026, many Australian technology companies still remain undervalued. 

This may have created a unique opportunity for growth investors that believe these shares can bounce back. 

The ATEC fund remains down 28% over the last 12 months, but with headwinds easing, it could be a winner over the next 12 months. 

This ASX ETF aims to track the performance of the S&P/ASX All Technology Index (before fees and expenses). 

The Index provides exposure to leading ASX-listed companies in a range of tech-related market segments such as information technology, consumer electronics, online retail and medical technology.

Global X Fang+ ETF (ASX: FANG)

This fund from Global X is another high-growth opportunity. 

It seeks to invest in companies at the leading edge of next-generation technology that includes household names and newcomers.

This includes companies in areas such as artificial intelligence, cloud computing, digital advertising, ecommerce, electric vehicles, social media, and streaming.

All the underlying holdings are US-based, offering another option for investors seeking international diversification.

It has enjoyed strong momentum since late March, rising more than 20% in that span. 

The post 3 growth focussed ASX ETFs that could beat the market in FY27 appeared first on The Motley Fool Australia.

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Motley Fool contributor Aaron Bell has no position in any of the stocks mentioned. 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.

Megaport Ltd (ASX: MP1) shares are flying higher in early morning trade on Thursday after the company posted its FY26 results.

At the time of writing, the shares have climbed around 8% to a fresh all-time high of $21.96 each.

Today’s increase means the shares are now up around 83% higher for the year-to-date and 52% higher than 12 months ago.

The update comes as Megaport posted a huge 37% increase in revenue, a 24% increase in EBITDA, and a 62% hike in group annual recurring revenue for FY26. Megaport’s revenue figures came in at the high end of its upgraded guidance. 

Clearly investors are pleased with the financial update, and many are rushing to snap up the company’s shares this morning while they’re still trading for cheap.

Megaport shares have rallied higher in 2026

The ASX tech shares have enjoyed an incredible rally over the past four months. Megaport shares rebounded strongly in May thanks to a run of good-news announcements and a reversal of investor sentiment.

The software-defined network (SDN) service provider has confirmed several new contracts since late-April, including a three-year compute and storage contract with a total contract value (TCV) of approximately US$25.1 million (A$35.4 million) and three additional binding contracts with two US AI customers, worth a TCV of approximately US$183 million and annualised recurring revenue (ARR) of approximately US$65 million. 

In early-June Megaport went into a trading halt ahead of the launch of a new fully underwritten $827.3 million entitlement offer. The company completed the institutional component of the offer, priced at $14.30 per share, on the 5th of June.

Today’s bumper FY26 results and run of contract wins confirms that the business is on track for growth.

But now the question is, can the Megaport shares keep climbing higher? Or have they now reached fair value?

Here’s what the experts think.

Here’s what brokers tip for the ASX tech shares over the next 12 months

We might see brokers and analysts revise their outlooks on Megaport shares in coming days, following today’s results announcement.

But at the time of writing, brokers are very bullish about where the shares could travel to next.

Market Index data shows all brokers agree to a buy rating on Megaport shares. The $24.42 average target price implies a potential 11% upside, at the time of writing.

According to TradingView data, the majority of analysts (14 out of 16) have a buy/strong buy rating on the ASX tech shares.

The average $23.29 target price implies a potential 6% upside at the time of writing. However, some are even more bullish and tip the shares to increase up to 39% to $30.55 over the next 12 months.

Macquarie recently said it is impressed with the company’s latest contract wins. The broker said Megaport provides AI exposure for investors with shorter lead times and less capital expenditure than data centre operators. It has a buy rating and a $27.80 price target for the shares.

The post Here’s what brokers tip for Megaport shares over the next 12 months appeared first on The Motley Fool Australia.

More reading

• Megaport FY26: Earnings soar as AI and global footprint drive strategy
• 5 things to watch on the ASX 200 on Thursday
• 3 ASX growth shares brokers say could beat the market
• 3 fantastic ASX shares that could be much bigger by 2030
• 8 ASX 200 shares with fresh buy ratings this week

Motley Fool contributor Samantha Menzies has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Megaport. 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.