2 magnificent ASX tech stocks to buy in 2026

Quietly essential, globally relevant, and built for the long term. These are two ASX tech stocks I'm watching closely in 2026.

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One of the mistakes investors often make with technology stocks is focusing too much on what is exciting right now, rather than what will still matter in five or ten years. Share prices move quickly, sentiment swings wildly, but the businesses that quietly solve essential problems tend to endure.

Two ASX tech stocks that I think deserve serious consideration in 2026 are Megaport Ltd (ASX: MP1) and SiteMinder Ltd (ASX: SDR). They operate in different corners of the tech landscape, but both provide infrastructure that customers genuinely rely on, and both look better positioned today than their recent share prices suggest.

Megaport shares

When artificial intelligence (AI) is discussed, most attention goes to software platforms or semiconductor companies. What gets far less airtime are the infrastructure providers that make large-scale computing practical and efficient.

That is where Megaport fits in.

Megaport provides the connectivity layer that links data centres, cloud providers, and enterprise networks. Its network-as-a-service platform allows customers to provision bandwidth dynamically, scaling usage up or down as needs change. In a world of increasingly complex, multi-cloud architectures, that flexibility is becoming a genuine competitive advantage.

AI only strengthens this case. Training models, running inference, and moving vast datasets requires fast, reliable connectivity between multiple locations. As workloads become more distributed and data-intensive, the quality of the underlying network becomes critical.

What also stands out to me is how the business is evolving. Megaport is no longer positioning itself purely as a connectivity provider. The addition of compute capabilities through its Latitude platform expands its role across the digital infrastructure stack, allowing customers to both move and process data more efficiently.

Importantly, this expansion builds on Megaport's existing footprint and customer relationships rather than requiring a completely new strategy. Over time, that should help increase wallet share and deepen customer engagement.

After a tough period for the share price and a reset in expectations, I think Megaport now offers a more balanced risk-reward profile. Structural tailwinds remain intact, while management's focus on discipline and margins has become clearer.

SiteMinder shares

SiteMinder operates in a very different market, but its value proposition is just as practical.

The ASX tech stock provides software that helps hotels manage bookings, pricing, and distribution across multiple online channels. For accommodation providers, these systems are not optional. They sit at the centre of how rooms are sold and revenue is managed.

What I like about SiteMinder is the durability of demand. Travel can be cyclical, but the need for efficient digital distribution is structural. Hotels still need to fill rooms, optimise pricing, and manage visibility across dozens of platforms, regardless of broader economic conditions.

SiteMinder also benefits from scale. Its large global customer base reduces reliance on any single region and gives it opportunities to improve monetisation over time through additional products and services.

From an investment perspective, I am encouraged by the company's path toward improved operating leverage. Revenue continues to grow, while cost growth is moderating. That is the combination that ultimately matters for long-term shareholder returns.

Why these two ASX tech stocks stand out to me

Megaport and SiteMinder are not speculative stocks. They are established platforms with global customers, recurring revenue, and clear use cases.

For investors looking to add ASX tech exposure in 2026, I think these two stocks stand out as businesses with real infrastructure value and long-term relevance, even if they are not the loudest names in the market today.

Motley Fool contributor Grace Alvino 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 and SiteMinder. The Motley Fool Australia has positions in and has recommended SiteMinder. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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