NEXTDC has increased its pro forma contracted utilisation by 73MW to 740MW as of June 30, 2026, reflecting new customer wins and a forward order book now standing at 565MW. Despite this growth, FY26 financial guidance remains steady.
- Contracted utilisation rises 11% to 740MW
- Forward order book expands to 565MW
- Growth driven by new customer contracts
- FY26 revenue and EBITDA guidance unchanged
- Order book expected to convert through FY26–FY30
Contracted Utilisation Growth Signals Momentum
NEXTDC Limited (ASX:NXT) has reported a notable 11% jump in its pro forma contracted utilisation, climbing by 73MW to 740MW as of 30 June 2026. This increase stems from fresh customer contract wins, underscoring sustained demand for the company’s data centre capacity.
Forward Order Book Expansion and Revenue Outlook
The company’s pro forma forward order book has concurrently expanded to 565MW, representing the gap between contracted utilisation and current billing utilisation, which sits at 175MW. NEXTDC anticipates this order book will gradually convert into billings, revenue, and EBITDA over the next five years, spanning FY26 through FY30.
Financial Guidance and Capital Deployment
Despite the uptick in contracted utilisation and order book growth, NEXTDC has maintained its FY26 net revenue, underlying EBITDA, and capital expenditure guidance unchanged. This suggests the company expects the financial impact of recent contract wins to materialise progressively rather than immediately. The steady guidance comes on the back of prior capital raises and debt facility expansions aimed at supporting ongoing data centre development and contract fulfilment.
Sustainability Credentials and Market Position
Beyond capacity metrics, NEXTDC continues to highlight its leadership in sustainability and operational excellence. The company operates Australia’s only network of Uptime Institute certified Tier IV data centres and holds Tier IV Gold certification for Operational Sustainability in the Southern Hemisphere. Its carbon-neutral certification under the Australian Government’s Climate Active Standard further positions NEXTDC as a forward-thinking provider in the digital economy infrastructure space.
Bottom Line?
NEXTDC’s rising contracted utilisation and forward order book growth signal healthy demand, but investors should watch how these translate into revenue and earnings over the medium term.
Questions in the middle?
- Which customer segments are driving the latest contract wins?
- How quickly will the expanded order book convert into billings and EBITDA?
- Will NEXTDC revise its FY26 guidance if contract momentum accelerates?