The Megaport Ltd (ASX: MP1) share price is likely to come under the spotlight today as the company announced FY26 revenue surged 37% to $312.2 million, with EBITDA up 24% to $77.1 million and Group Annual Recurring Revenue jumping 62% to $395.2 million.
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What did Megaport report?
- Revenue up 37% to $312.2 million (FY25: $227.1 million)
- EBITDA rose 24% to $77.1 million (FY25: $62.3 million)
- Net loss of $39.0 million (FY25: loss of $0.3 million)
- Group Annual Recurring Revenue (ARR) increased 62% to $395.2 million
- Cash and cash equivalents at year end: $435.4 million
- No dividend declared for FY26
What else do investors need to know?
Megaport completed the acquisition of the compute platform Latitude.sh and India's Extreme IX internet exchange, broadening its platform and opening new markets. The company also executed over $1 billion in capital raises to fund large strategic contracts and establish an on-demand GPU pool.
During FY26, Megaport delivered eight significant multi-year infrastructure contracts valued at $747.8 million, underscoring rising demand for integrated network, compute and storage solutions, especially supporting AI workloads. Its ongoing global expansion included adding 155 data centres and further building out its US and Indian operations.
What did Megaport management say?
Megaport's CEO, Michael Reid, said:
A year ago, I said FY26 would be a year of acceleration. We delivered on that promise and went much further, completely transforming the scale, reach, and ambition of Megaport.
FY26 produced an exceptional result. Group Annual Recurring Revenue increased by 62% to $395.2 million, revenue grew by 37% to $312.2 million, and EBITDA reached $77.1 million. These are incredible results and we're only just getting started.
What's next for Megaport?
Looking ahead to FY27, Megaport plans to keep integrating its acquisitions, efficiently deliver contracted infrastructure, and bring its on-demand GPU pool to market. Management will also focus on sustaining network momentum while unifying compute, network, and storage through software, aiming to build on its position in distributed AI and digital infrastructure solutions.
Megaport says its priorities are disciplined investment in growth where demand is clear and where the business model provides strong returns. The board remains confident about the company's international growth opportunity and will continue to pursue markets for cloud, AI, and digital workloads.
Megaport share price snapshot
Over the past 12 months, the Megaport share price has rocketed 42%, outpacing the S&P/ASX 200 Index (ASX: XJO) and the broader tech sector's performance.
