The Nextdc Ltd (ASX: NXT) share price is in focus after the company reported an 11% jump in contracted utilisation to 740MW, following new customer contract wins. The company's forward order book has also risen, now standing at 565MW.
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What did NEXTDC report?
- Contracted utilisation as at 30 June 2026 grew by 73MW (up 11%) to 740MW.
- Pro-forma forward order book increased to 565MW.
- Order book expected to convert to billings, revenue and EBITDA from FY26 to FY30.
- FY26 net revenue, underlying EBITDA and capex guidance remain unchanged.
What else do investors need to know?
NEXTDC attributes its contracted utilisation lift to recent customer contract wins, strengthening its position as a leading data centre platform for the digital economy. The company says its pro-forma forward order book, now at 565MW, will progressively convert to revenue streams over the coming years.
Importantly, NEXTDC confirmed that guidance for FY26 net revenue, underlying EBITDA and capital expenditure is unchanged from previous updates. This gives investors some predictability for near-term financial performance.
What's next for NEXTDC?
NEXTDC intends to deliver on its strong contract pipeline, moving forward orders to revenue and earnings between FY26 and FY30. The stability in earnings guidance suggests management is confident in executing its growth plans.
With its expanding customer base and certified Tier IV operations, NEXTDC is well-placed to respond to continued demand for cloud and data centre services across Australia and Asia.
NextDC share price snapshot
The NextDC share price has underperformed the market over the past 12 months with a decline of almost 7%. This compares to a gain of almost 1.5% from the S&P/ASX 200 Index (ASX: XJO).
