The NextDC Ltd (ASX: NXT) share price is in focus after the company reported a 60% increase in contracted utilisation to 667MW as at 31 March 2026, alongside a significant boost in its Forward Order Book and revised capex guidance.
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What did NextDC report?
- Contracted utilisation rose by 250MW (60%) to 667MW since 31 December 2025
- Forward Order Book climbed 247MW (83%) to 544MW as at 31 March 2026
- FY26 capital expenditure guidance increased to A$2.7–3.0 billion (was A$2.4–2.7 billion)
- Net revenue and underlying EBITDA guidance for FY26 remain unchanged
- Customer contract wins accelerated planned inventory and development at S4 data centre
What else do investors need to know?
NextDC's recent customer contract wins are driving both increased utilisation and ambitious growth plans, especially at its S4 data centre. The company is investing in long-lead items to support rapid expansion, with higher capex guidance reflecting this acceleration.
Importantly, the pro forma Forward Order Book is expected to translate into billing, revenue, and EBITDA growth progressively from FY26 through FY30. NextDC remains focused on sustainability, operating Australia's only network of Tier IV certified data centres and maintaining carbon-neutral operations.
What's next for NextDC?
NextDC is set to continue its expansion strategy, supported by a robust order book and ongoing customer demand. Management's capex increase aligns with a push to grow operational capacity, particularly at the new S4 facility.
Investors can look to future billing and earnings growth as the contracted pipeline converts over the coming years, while the company maintains its commitment to efficiency and sustainability across its national data centre network.
NextDC share price snapshot
Over the past 12 months, NextDC shares have risen 35%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 14% over the same period.
