NextDC stock fell 1.73 percent to a three-year low on ASX Thursday, October 8, 2026??

Published on 10/08/2026 at 03:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

NextDC stock stood at AUD 10.23 on October 7, 2026, after reaching a three-year low. FY26 revenue rose 16 percent to AUD 405.0 million.

NextDC, AU000000NXT8, Illustration mit AI erstellt.

NextDC Limited (ISIN AU000000NXT8) fell 1.73 percent to AUD 10.23 on the ASX on October 7, 2026, its lowest close in three years. The decline puts the stock's funding needs and heavy expansion program ahead of its large contracted capacity as the key investor question.

FY26 revenue rose 16 percent

NEXTDC reported FY26 net revenue of AUD 405.0 million and underlying EBITDA of AUD 248.8 million. The investor centre also lists FY26 contracted utilization of 740.1 megawatts and billing utilization of 175 megawatts.

CMC Markets reported that FY26 net revenue increased 16 percent from the prior year, while underlying EBITDA rose 15 percent. The comparison shows the operating business is still expanding even as the share price reprices the cost and timing of new capacity.

Guidance requires heavy investment

According to The Bull on October 7, 2026, NextDC guided to FY27 net revenue of AUD 615 million to AUD 640 million and underlying EBITDA of AUD 385 million to AUD 410 million. The same report said FY27 capital expenditure was flagged at AUD 5.25 billion to AUD 5.75 billion, making execution and financing central to the outlook.

The company had also raised AUD 1.1 billion through convertible notes in September, according to MarketScreener. That capital supports expansion, but it also keeps dilution and funding structure in the valuation discussion.

Consensus target remains above AUD 20

The 14-analyst consensus published by MarketScreener carries a Buy rating and an average target of AUD 20.18. That target lies 97.2 percent above the October 7 price of AUD 10.23, highlighting the gap between long-term growth expectations and current market confidence.

Citi maintained a Buy rating and set a AUD 21.15 target on October 5, 2026, according to Markets Insider. The bullish analyst view contrasts with the stock's recent weakness and leaves delivery of contracted capacity as the main test.

NextDC stock closes at AUD 10.23

NextDC stock closed at AUD 10.23 on the ASX on October 7, 2026, down 1.73 percent on the session. Market capitalization stood at AUD 8.2 billion on October 5, 2026.