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New Guidance

NextDC lifts FY26 capex guidance by $400m after new contract wins

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The news: Data centre operator NextDC has increased its FY26 capital expenditure guidance by $400 million to build and deploy new capacity following new contract wins.

The numbers: The company lifted its capex guidance from $1.8-$2 billion to $2.2-$2.4 billion.

Following new contract wins since 30 June, NextDC's pro-forma contracted utilisation has increased by 71 megawatts, or 29%, to 316 megawatts. The company's forward order book has increased by 53% to 205 megawatts over the same period.

The source: ASX


By Hugo Mathers