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NEXTDC
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OrganisationAU

NEXTDC

Australian-listed operator of colocation data centres in Sydney, Melbourne and other Australian cities.

Last refreshed: 22 October 2026 · Appears in 1 active topic

Timeline for NEXTDC

#17 21 Oct

Cut FY27 guidance and froze new development and land purchases

Data Centres: Boom and Backlash: Jemena halts power line to NEXTDC's M3
#14 27 Aug

Reported a 565.1 MW binding forward order book

Data Centres: Boom and Backlash: NEXTDC books 565.1 MW, options excluded
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Background

NEXTDC is an Australian-listed data-centre operator. It reports its forward order book, the work customers have contracted for but not yet been billed for, alongside its results.

Its FY26 results, released 27 August 2026, reported 565.1 MW of forward orders defined as binding contracted commitments, explicitly excluding options, reservations, letters of intent, memoranda of understanding and sales pipeline. It dated the conversion of that book: 197 MW is scheduled to reach billing in FY27 and a further 221 MW in FY28, against FY27 capital expenditure guidance of A$5.25bn to A$5.75bn.

NEXTDC's own caveats matter for comparison: a looser measure such as Synergy Research's 45 GW US pipeline count mixes in everything NEXTDC has excluded, so the two figures should not be set side by side.

Common Questions
Why did NEXTDC cut its earnings forecast?
On 21 October 2026 NEXTDC said Jemena, the electricity distributor, had halted work on the power line to its M3 data centre in West Footscray, Melbourne, after community opposition. NEXTDC cut FY27 underlying earnings guidance to A$245m-A$265m from A$385m-A$410m.Source: NEXTDC
When will NEXTDC's M3 data centre in Melbourne get more power?
Jemena does not expect to restart work on the power line before February 2027. NEXTDC now expects the first increase in grid supply to M3 in its 2028 financial year.Source: NEXTDC
Why did NEXTDC shares fall in October 2026?
The shares fell about 40% when trading resumed after a halt NEXTDC requested on 19 October 2026, ABC reported. NEXTDC had cut its FY27 guidance and put all new development and land purchases on hold after power to its M3 site in Melbourne was delayed.Source: ABC News
How big is NEXTDC's order book?
NEXTDC's FY26 results reported 565.1 MW of binding forward orders, excluding options, reservations, letters of intent and sales pipeline.Source: NEXTDC
What is NEXTDC's capital expenditure guidance for FY27?
NEXTDC guided FY27 capital expenditure of A$5.25bn to A$5.75bn, alongside its 565.1 MW forward order book.Source: NEXTDC
Source Material
NEXTDC FY26 earnings release

Written with AI from Lowdown's published reporting. Not individually reviewed by an editor. Updated 22 October 2026. Editorial standards.