WiseTech Global Ltd (ASX: WTC) shares have crashed into the red in Wednesday morning trade.

At the time of writing, the shares are down around 8.5% to $41.73 per share.

This means the shares are now down 39% for the year to date and are now 64% lower than trading levels seen this time last year.

Today’s decline follows the company’s FY26 results announcement, which it posted to the ASX ahead of the market open this morning.

It looks like the announcement spooked investors, with many rushing for the exit this morning.

What did WiseTech report this morning?

WiseTech reported that it has raised its annual earnings and flagged growth for FY27 in line with analysts’ expectations.

The company reported a 46% increase in EBITDA to US$558.4 million for the 12 months through to the 30th of June. The result was in line with the company’s $550 million to $585 million guidance range but short of market forecasts of $569.5 million.

But WiseTech’s EBITDA beat the average analyst forecast of $599.9 million on an underlying basis. WiseTech reported a 56% jump in underlying EBITDA to $644.5 million at a 42% margin.

The company’s total revenue increased by 79% compared to the prior year, and its underlying NPAT increased by 29% due to organic growth from its e2open acquisition.

WiseTech said its cost-saving programs also delivered around US$115 million in annualised savings, including efficiencies from adopting AI in operations.

The company also raised its final dividend to 88 US cents per share, up from 77 US cents per share.

Looking ahead, WiseTech is guiding total revenue growth between 6% and 10% (US$1.48 billion to US$1.54 billion) for FY27, and underlying EBITDA growth between 12% and 21%, with a margin uplift to 49% to 51%. 

Where to now for WiseTech shares?

At the time of writing, the outlook for WiseTech shares is unchanged, although I expect some market experts could revise their outlook in the coming days following today’s results.

At the time of writing, brokers and analysts are still very bullish on where we’ll see the share price travel from here.

Market Index shows that the majority of brokers (three out of four) are very bullish on the ASX tech stock and hold a strong buy rating. The average $54.71 target price implies a potential 27% upside over the next 12 months, at the time of writing.

TradingView data shows something similar. Of 12 analysts, 10 have a buy/strong buy rating, and the other two rate the shares as a hold.

The $60.63 average target price implies a potential 46% upside over the next 12 months, at the time of writing.

The post Why are WiseTech shares crashing 8.5% today? appeared first on The Motley Fool Australia.

More reading

• WiseTech Global share price: FY26 earnings soar 79% on e2open acquisition
• 5 things to watch on the ASX 200 on Wednesday
• Why WiseTech shares are pushing higher again on Tuesday
• Up 52% from its low! Has the WiseTech share price finally bottomed out?
• 3 ASX growth shares brokers say could beat the market

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 WiseTech Global. The Motley Fool Australia has positions in and has recommended WiseTech Global. 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 have taken a sharp hit, falling 21% over the past five trading days. That makes the recent sell-off hard to ignore.

Yet the bigger picture looks very different: Megaport shares remain up around 54% year to date and 30% over the past 12 months.

So, is this pullback an opportunity for investors to buy the dip?

Turning into an AI infrastructure play

Megaport’s investment case is increasingly tied to its role in the booming artificial intelligence (AI) infrastructure market.

Unlike traditional data centre operators, Megaport offers exposure to AI-driven demand through an asset-light model. Its connectivity services can have shorter implementation lead times and require significantly less capital expenditure, making the company an interesting way to participate in global AI infrastructure growth.

The acquisition of Latitude.sh has broadened that opportunity. Latitude.sh is a compute-as-a-service platform providing high-performance CPU and GPU infrastructure. The deal gave Megaport a new way to serve customers who need not only connectivity but also the computing power underpinning AI, cloud-native applications, and data-heavy workloads.

That means Megaport is no longer simply selling flexible digital connections. It is moving towards a broader platform that combines compute, network, and storage. In an AI boom, that’s an increasingly attractive proposition.

Big contracts boosted the bull case

The share price strength was also supported by several major contract wins following the Latitude.sh acquisition.

In April, Megaport announced that Latitude.sh had secured a 36-month compute and storage contract worth approximately A$35.4 million. The company also reported strong growth in Compute’s annualised recurring revenue (ARR), excluding that contract, since the acquisition.

Momentum accelerated in May, when Megaport announced three major GPU, CPU, and network and storage contracts with two US-based technology customers running AI applications and inference workloads.

The contracts had a combined total contract value of approximately A$254 million and were expected to contribute about A$90.6 million in ARR once fully deployed.

Why did Megaport shares fall?

The enthusiasm cooled following the release of Megaport’s FY 2026 results. The company delivered full-year revenue of $312 million, up 37% from FY 2025, while EBITDA increased 24% to $77 million.

However, statutory net loss widened dramatically, from $300,000 in FY 2025 to $39 million in FY 2026.

That bottom-line deterioration clearly caught investors’ attention and appears to have prompted some profit-taking after the stock’s substantial gains.

Are Megaport shares a buy?

Analysts remain broadly bullish. According to TradingView data, 14 of 16 analysts covering the ASX technology share currently have a buy or strong buy rating. The average price target of $26.02 implies roughly 49% upside from the current $17.52 share price.

The most bullish target is $33.52, representing potential upside of about 91%.

UBS was also positive on the results, saying the net outcome was “firmly in the positive”. The broker has raised its price target from $24.20 to $26.40 and is forecasting EBITDA of $624 million in FY 2028.

The post Megaport shares just plunged 20%. Is this a buying opportunity? appeared first on The Motley Fool Australia.

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• Why Megaport, Lendlease and JB Hi-Fi shares all crashed 14% to 15% this week
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Motley Fool contributor Marc Van Dinther 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.

The Ingenia Communities Ltd (ASX: INA) share price is in focus today after announcing a proposal to acquire Peet Ltd (ASX: PPC), one of Australia’s leading master-planned community developers. The deal positions Ingenia as a major national living sector platform and is set to accelerate its five-year growth strategy.

What did Ingenia Communities report?

• Agreement to acquire 100% of Peet Limited via a scheme of arrangement
• Offer comprises $0.68 cash and 0.3367 Ingenia stapled securities per Peet share
• Implied offer value of $2.12 per Peet share—a 17.1% premium to Peet’s last close
• Flagstone City project to form a $615 million joint venture with a capital partner, aiding transaction funding
• Expected low double-digit EPS accretion for Ingenia securityholders
• Peet board unanimously recommends the offer, with support from its largest shareholder

What else do investors need to know?

This acquisition will extend Ingenia’s presence in the living sector and significantly boost its development pipeline, including 5,000–7,000 new land lease community lots with a potential end value of about $1 billion. The expanded scale will create a national footprint, adding project depth in key population growth corridors.

Ingenia will benefit from complementary capabilities and potential cost synergies of around $10 million per year. As part of the deal, a joint venture has been signed for the Flagstone City project, generating cash proceeds that will strengthen Ingenia’s balance sheet post-completion. Peet shareholders will also be entitled to receive Peet’s FY26 final dividend and, possibly, an interim dividend in FY27.

What did Ingenia Communities management say?

Ingenia Communities CEO John Carfi commented:

The Transaction delivers on our core strategic goals, increasing our scale and exposure to land lease development, creating a national platform, accelerating and securing growth beyond our 5-Year Plan, as well as delivering a logical extension to our living strategy that responds to the evolution of the residential sector.

What’s next for Ingenia Communities?

The proposed deal is subject to customary conditions including court and shareholder approval, regulatory clearances, and completion of the Flagstone JV. If approved, Ingenia expects to accelerate its strategic plan, enhance long-term growth prospects, and increase recurring rental income. A combined pipeline of about 35,000 residential lots and a robust capital position underline Ingenia’s strengthened platform for the next decade.

Key dates ahead include the first court hearing in late October 2026, the scheme meeting in early December, and potential implementation by late December 2026.

Ingenia Communities share price snapshot

Over the past 12 months, Ingenia Communities shares have declined 31%, trailing the All Ordinaries Index (ASX: XAO).

View Original Announcement

The post Ingenia Communities proposes to acquire Peet, boosting growth appeared first on The Motley Fool Australia.

More reading

• Ingenia Communities posts strong FY26 with profit up 45% and guidance exceeded
• Peet FY26 earnings: Profit and dividend surge on record sales

Motley Fool contributor Laura Stewart 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. 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.