NextDC stock reports FY27 growth targets above AUD 600 million in revenue

Published on 10/01/2026 at 03:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

NextDC stock enters October with FY26 net revenue of AUD 405.0 million and FY27 guidance above AUD 600.0 million. Citi keeps a Buy rating with a AUD 19.10 target.

NextDC, AU000000NXT8, Illustration mit AI erstellt.

NextDC stock is valued at AUD 10.66 on the ASX on October 1, 2026, while the data center operator's FY27 targets point to net revenue of AUD 615.0 million to AUD 640.0 million. The operating outlook is expanding faster than the company's funding requirements.

FY26 sets a higher base

According to NEXTDC, FY26 net revenue reached AUD 405.0 million and underlying EBITDA was AUD 248.8 million. Contracted utilization reached 740.1 megawatts, compared with 175.0 megawatts of billing utilization, leaving a large conversion task between signed demand and recognized revenue.

The FY26 figures also provide a quantified comparison for the next phase. FY27 net revenue guidance of AUD 615.0 million to AUD 640.0 million is above the FY26 net revenue base of AUD 405.0 million, while underlying EBITDA guidance of AUD 385.0 million to AUD 410.0 million exceeds the FY26 figure of AUD 248.8 million.

Capital spending tests execution

The expansion comes with heavy investment. The Motley Fool reported on September 9, 2026, that FY27 capital expenditure guidance stood at AUD 5.25 billion to AUD 5.75 billion. The same report cited a forward order book of 565.1 megawatts, more than three times current billing utilization, making capacity conversion the central operating measure.

Broker views capture the tension between demand and funding. As The Motley Fool reported on September 1, 2026, Morgans moved to Hold with an AUD 15.00 price target. Markets Insider reported on September 22, 2026, that Citi maintained Buy with an AUD 19.10 target.

ASX valuation remains data-led

On the ASX, NextDC was at AUD 10.66 on October 1, 2026 at 11:01 a.m. AEST, down 1.57 percent from AUD 10.83. Its market capitalization was AUD 8.1 billion, and the 52-week range was AUD 10.61 to AUD 17.24. The market is therefore valuing a company with expanding contracted capacity against a capital program that reaches AUD 5.75 billion in FY27.