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.

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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.

The WAM Microcap Ltd (ASX: WMI) share price is in focus after the company declared a fully franked final dividend of 5.35 cents per share for FY26, bringing the total fully franked dividend for the year to 10.7 cents per share. The investment portfolio delivered a tiny 0.1% return for the year, lagging its benchmark.

What did WAM Microcap report?

• Fully franked final dividend of 5.35 cents per share, taking the full year payout to 10.7 cents per share
• Fully franked dividend yield of 7.6% (grossed-up, 10.9%) based on 19 August 2026 share price
• Investment portfolio return of 0.1% for FY26, compared to S&P/ASX Small Ordinaries Accumulation Index return of 8.1%
• Operating loss before tax of $2.4 million (previous year: profit of $59.7 million)
• Operating loss after tax of $0.1 million (previous year: profit of $43.6 million)
• Dividend Reinvestment Plan (DRP) available with a 2.5% discount for the final dividend

What else do investors need to know?

WAM Microcap has now paid a total of 80.7 cents per share in fully franked dividends since listing in 2017, or 115.3 cents per share including the benefit of franking credits. The 2026 result reflects a tough year, driven by underperformance in micro-cap industrials and limited exposure to the booming resources sector.

Despite this, WAM Microcap continues to focus on identifying undervalued micro-cap companies, aiming to deliver capital growth and income to shareholders. The portfolio remains diversified across sectors including industrials, consumer discretionary, and technology.

What did WAM Microcap management say?

Chairman Geoff Wilson AO said:

We are pleased to declare a fully franked final dividend of 5.35 cents per share for WAM Microcap shareholders, taking the fully franked full year dividend to 10.7 cents per share. The benefits of the listed investment company structure, together with the profits reserve available, have enabled the Board to continue to provide fully franked dividends to shareholders through market cycle.

Since listing in June 2017, WAM Microcap has delivered 80.7 cents per share in fully franked dividends to shareholders, or 115.3 cents per share when including the value of franking credits.

What’s next for WAM Microcap?

Looking ahead, management remains positive about the long-term potential of the micro-cap sector, believing that the company’s focus on under-researched and undervalued names will reward patient investors. The portfolio team continues to seek stocks they believe the market is undervaluing, backed by fundamental research.

WAM Microcap will hold a Q&A webinar on 22 September 2026 for investors to discuss these results and outlook with the portfolio team.

View Original Announcement

The post WAM Microcap hikes dividend for FY26 despite tricky year appeared first on The Motley Fool Australia.

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Motley Fool contributor Laura Stewart has positions in Wam Microcap. 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.

Treasury Wine Estates Ltd (ASX: TWE) shares are pushing higher today.

Shares in the S&P/ASX 200 Index (ASX: XJO) global wine company closed yesterday trading at $5.60. In morning trade on Thursday, shares are changing hands for $5.62 apiece, up 0.4%.

For some context, the ASX 200 is up 0.5% at this same time.

If you’ve been following along with the wine stock, you’ll know it’s been struggling for some time now, particularly with its United States markets.

That’s seen investors exiting the stock, leaving Treasury Wine shares down 29.5% over 12 months.

However, the last five months have seen a remarkable turnaround.

After plumbing a one-year closing low of $3.37 a share on 26 March, the ASX 200 stock has now surged 66.8% from those lows.

And according to Wealth Within senior analyst Filip Tortevski, the rally could have much further to run.

Can Treasury Wine shares reclaim the $10 mark?

Treasury Wine released its full-year FY 2026 results on 13 August.

While net sales revenue over the year increased by 12.8% to $2.6 billion, the company posted a statutory net profit after tax (NPAT) loss of $1.08 billion, impacted by $1.31 billion in post-tax material items.

Despite the loss, Treasury Wine shares closed up 4.9% on the day.

Commenting on those results and share price moves, Tortevski said:

Treasury Wine Estates’ FY26 result … wasn’t pretty, but the market’s reaction tells us something far more interesting.

TWE initially sold off after reporting a $1.08 billion statutory loss, with earnings from its Americas business falling 61.4%, but buyers quickly stepped in, pushing the stock back into positive territory and, importantly, above where it was trading after Monday’s announcement of its major US reset.

On Monday, 10 August, Treasury Wine announced an additional $558.4 million post-tax non-cash write-down on its US assets, with the company undertaking a strategic review of its Americas business.

“America has been a problem for TWE for years, but management is finally making the tough calls, cutting excess capacity, reducing production and inventory and reassessing what the US business should look like,” Tortevski said.

He added:

For TWE, what’s even more interesting is that buyers didn’t just turn up [following the earnings announcement]. TWE’s share price has been steadily rising for around two months, well before these announcements landed. The market was already starting to price in something better, and [last week’s] reaction only adds to that.

So, does the rally in Treasury Wine shares have legs?

According to Tortevski, it appears so.

He noted:

There’s also plenty of room above. This was a $15-plus stock only a few years ago, so if management can finally get America under control while continuing to grow Penfolds in China, a move back towards $10 over the next few years isn’t out of the question.

$10 a share would represent a potential 80% upside from current levels.

“Sometimes the biggest opportunity isn’t finding the next growth story. It’s fixing the one the market has already given up on,” Tortevski concluded.

The post Up 67%! Why the rebound in Treasury Wine shares may just be getting started 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 positions in and has recommended Treasury Wine Estates. The Motley Fool Australia has positions in and has recommended Treasury Wine Estates. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.