The NEXTDC Ltd (ASX: NXT) share price is in focus today after the company reported strong progress on its contracted utilisation, jumping 30% to reach 412MW following new customer wins. NEXTDC's pro-forma forward order book also grew significantly, now totalling 301MW.
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What did NEXTDC report?
- Contracted utilisation rose by 96MW (30%) to 412MW since 1 December 2025
- Pro-forma forward order book increased to 301MW
- FY26 net revenue, underlying EBITDA and capex guidance remain unchanged
- Forward order book expected to convert into revenue and EBITDA between FY26 and FY29
What else do investors need to know?
NEXTDC's latest customer contract wins highlight strong demand for its data centre services, underpinning long-term growth potential across Australia and Asia. The company's expanding forward order book is set to progressively boost billings and revenue streams over several years.
NEXTDC continues to focus on operational excellence and sustainable growth, with its Tier IV certified data centres recognised internationally for efficiency and reliability. Its business remains carbon neutral and at the forefront of energy efficiency in the sector.
What's next for NEXTDC?
NEXTDC's unchanged FY26 financial guidance suggests confidence in its growth trajectory, despite a rapidly growing pipeline. With sizeable contracted utilisation and a substantial forward order book, management expects ongoing conversion of these commitments into tangible revenue and earnings over FY26 to FY29.
The company is likely to keep investing in new capacity, innovation, and sustainability as it powers the ever-increasing demand for cloud connectivity and IT infrastructure across the region.
NEXTDC share price snapshot
Over the past 12 months, NextDC shares have declined 22%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 5% over the same period.
