Key Highlights

  • NEXTDC (ASX:NXT) reported FY26 net Revenue up 16% to $405.0 million, with contracted utilisation tripling to 740.1MW on a pro forma basis.
  • Megaport (ASX:MP1) secured new AI infrastructure contracts worth approximately USD$359.4 million (AUD$506.2 million) in total contract value through its Latitude.sh subsidiary.
  • Life360 (ASX:360) reported record Q2 2026 revenue up 38% to $159.0 million as Monthly Active Users crossed 100 million for the first time.
  • All three companies are scaling infrastructure or platform capacity to meet growing digital and AI-driven demand, backed by substantial Liquidity positions.

Three ASX-listed technology companies with exposure to digital infrastructure and platform growth have landed firmly on investors' radar following a series of results centred on data centre capacity, AI infrastructure contracts and consumer platform scale. NEXTDC (ASX:NXT), Megaport (ASX:MP1) and Life360 (ASX:360) each reported metrics pointing to accelerating Demand for their respective platforms, from physical data centre capacity to global family safety subscriptions.

NEXTDC (ASX:NXT): Largest Contracting Year in Company History

NEXTDC (ASX:NXT) reported FY26 net revenue of $405.0 million, up 16% and above the top of its guidance range of $390-400 million, while Underlying EBITDA rose 15% to $248.8 million, also exceeding guidance. Statutory NPAT swung to a profit of $82.1 million from a loss of $60.5 million in FY25. The company described FY26 as its largest contracting year in history, with contracted utilisation on a pro forma basis tripling, up 202%, to 740.1MW, and a record Forward Order Book of 565.1MW, more than 3.2 times billing utilisation.

Capital expenditure of $3,397 million exceeded guidance, reflecting additional land acquisitions and accelerated delivery of contracted capacity. Pro forma liquidity rose 58% to $8.7 billion, following $9.75 billion of new capital raised since August 2025, positioning the company to deliver its expanding development pipeline.

Megaport (ASX:MP1): Expanding Its AI Infrastructure Footprint

Megaport (ASX:MP1) announced new infrastructure contracts secured through its wholly owned Subsidiary Latitude.sh, with a combined total contract value of approximately USD$359.4 million (AUD$506.2 million), covering GPU and CPU compute, network and storage capacity for AI applications and inference workloads. The contracts are expected to generate approximately USD$91.7 million (AUD$129.2 million) in Annualised Recurring Revenue as hardware is deployed, with full contribution anticipated by the end of the third quarter of FY27.

The contracts require approximately USD$207.2 million (AUD$291.8 million) in incremental capital expenditure, already incorporated into the company's FY27 guidance. Megaport reported cash at bank of AUD$435.4 million as at 30 June 2026 and announced a newly established AUD$825.0 million Debt Facility from a syndicate of domestic and international banks, leaving the company fully funded on a pro forma basis for all committed Capital Expenditure from strategic contracts announced since 27 April 2026.

Life360 (ASX:360): Crossing 100 Million Monthly Active Users

Life360 (ASX:360) reported Q2 2026 Total Revenue of $159.0 million, up 38% year-over-year, with core subscription revenue up 34% and record Advertising Revenue of $22.0 million, up 315%. Global Monthly Active Users reached approximately 102.4 million, crossing 100 million for the first time, with 4.6 million net additions during the quarter. Annualized Monthly Revenue increased 29% to $537.2 million.

Global Paying Circle net additions totalled a record 185 thousand for the quarter, lifting total Paying Circles to 3.2 million, up 27% year-over-year. Adjusted EBITDA increased 53% to $31.1 million, with positive Operating Cash Flow of $23.8 million, up 79%. The company ended the quarter with $467.7 million in cash, cash equivalents, restricted cash and short-term investments, and management said it expects revenue growth to accelerate into the second half of 2026 as its advertising platform enters its strongest seasonal window.

A Shared Growth Narrative

NEXTDC, Megaport and Life360 each sit at different points along the digital infrastructure and platform value chain, from physical data centre capacity to compute infrastructure contracts to a consumer-facing safety app monetised through subscriptions and advertising. Yet all three reported accelerating demand metrics during their respective periods, whether measured in megawatts of contracted capacity, dollars of new AI infrastructure contract value, or millions of new monthly active users, reinforcing why each remains a focal point for investors tracking growth across the ASX technology sector.

Key Takeaways

NEXTDC (ASX:NXT), Megaport (ASX:MP1) and Life360 (ASX:360) each delivered results in their most recent reporting periods that point to accelerating underlying demand, whether in data centre contracted capacity, AI infrastructure contract value, or global platform user growth. NEXTDC's record Forward Order Book, Megaport's expanding AI compute contract portfolio, and Life360's milestone of crossing 100 million monthly active users together illustrate why these three names remain firmly on the radar of investors following the ASX technology sector's exposure to digital infrastructure and platform scale.