Megaport stock gains on strong FY26 growth and upbeat guidance

Megaport stock is trading against a backdrop of robust FY26 growth and ambitious FY27 guidance, with brokers highlighting accelerating recurring revenue, rising EBITDA and a shift toward capital-intensive AI infrastructure demand.

Megaport stock (ISIN AU000000MP15) is in focus after the Brisbane based connectivity specialist reported a 37% jump in total revenue to USD 312 million for fiscal year 2026, while EBITDA climbed 24% to USD 77 million according to a recent broker summary dated August 31, 2026.

FY26 figures show solid growth

According to a detailed assessment of Megaport's latest results compiled on August 31, 2026, total revenue for fiscal year 2026 rose 37% to USD 312 million, broadly in line with a consensus estimate of USD 313 million and within a guidance range of USD 307 million to USD 315 million. The same assessment notes that EBITDA increased 24% to USD 77 million, ahead of consensus at USD 72 million and above the earlier guidance band of USD 64.5 million to USD 75.5 million.

The broker commentary highlights that EBITDA ended the year about 8% ahead of both the firm's own forecast and the market consensus, underlining stronger than anticipated profitability despite higher investment needs. It also points out that Megaport's revenue and earnings performance has increasingly been driven by demand for capital intensive AI infrastructure, cloud and connectivity services.

Guidance and analyst sentiment for FY27

The same broker coverage, summarised in a corporate results monitor updated on September 1, 2026, indicates that Megaport has issued guidance for fiscal year 2027 revenue of USD 620 million to USD 730 million. This sits close to a consensus forecast of USD 619 million at the lower end and implies that management expects revenue to roughly double from the USD 312 million achieved in fiscal year 2026 if the top end of the range is met.

Megaport has also guided for an EBITDA margin of 38% to 40% in fiscal year 2027, which would translate into EBITDA in a range between about USD 236 million and USD 292 million, compared with the USD 77 million reported for fiscal year 2026. The corporate results monitor shows that five broker ratings on the stock are in the Buy equivalent category, including two recent upgrades, and that price targets have moved higher following the results, with one broker lifting its target from USD 20.85 to USD 24.10.

Megaport's connectivity platform

Megaport operates a software defined networking platform that allows enterprises to connect flexibly to major cloud providers and data centers worldwide, using an on demand model rather than traditional fixed capacity contracts. The connectivity platform generates recurring revenue from network access and services, and recent broker commentary notes accelerating network annual recurring revenue alongside improving customer retention and new contract wins.

Stock context and investor view

While detailed intraday price data for Megaport stock as of September 1, 2026, is not highlighted in the available sources, the broker reports and corporate results monitor imply that the market reaction to the FY26 result was broadly positive, supported by the earnings beat relative to consensus and the ambitious FY27 guidance. For investors, the key questions in the coming quarters will be whether Megaport can deliver on its revenue and EBITDA targets while managing higher capital expenditure and equipment procurement costs associated with the build out of AI ready infrastructure.

Megaport stock key data

• Company: Megaport Ltd.
• ISIN: AU000000MP15
• Ticker: MP1
• Trading venue: ASX
• Sector / Industry: Communications equipment and cloud connectivity
• Index membership: ASX listed technology index