NextDC stock faces FY27 reset after Melbourne power delays
Published on 10/30/2026 at 19:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSNextDC resets its near-term outlook
- Power supply delays at the M3 Melbourne facility prompted a sharp reduction in fiscal 2027 revenue and underlying EBITDA guidance.
- The revised outlook excludes affected customer contracts while the timing of infrastructure upgrades remains uncertain.
NextDC's fiscal 2027 outlook was cut on October 21, 2026, after delays to power infrastructure at its M3 Melbourne data center pushed back the delivery and billing of contracted capacity. CNBC reported that the Australian data center operator lowered its revenue and underlying EBITDA guidance as a result.
Power delays reshape FY27 expectations
NextDC now expects fiscal 2027 net revenue of A$475 million to A$500 million, compared with its previous range of A$615 million to A$640 million. Underlying EBITDA guidance was reduced to A$245 million to A$265 million from A$385 million to A$410 million.
The revised ranges exclude revenue and attributable EBITDA from affected M3 customer contracts. CNBC said electricity distributor Jemena did not expect infrastructure work to resume before February 2027, citing safety concerns, restricted site access and pending local consultation.
The company also reduced fiscal 2027 capital expenditure guidance to A$4.5 billion to A$5.0 billion from A$5.25 billion to A$5.75 billion. The change reflects a narrower focus on contracted capacity expected to be delivered over the next 12 to 18 months or on projects that are already near completion.
Investor focus shifts to execution
NextDC stock traded at 3.73 euros on Lang & Schwarz at 7:17 p.m. CET on Friday, October 30, 2026. The quote was recorded after the guidance reset, while the timing of the M3 power work remains a key operating issue for the company.
Liquidity was reported at A$8.675 billion as of September 30, comprising cash and undrawn senior debt facilities and hybrid securities. That liquidity provides financial capacity, but the revised outlook leaves investors focused on the timing of customer capacity, approvals and power availability.
Investors can follow the real-time quote of NextDC stock for the latest Lang & Schwarz indication.
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NextDC Limited
- ISIN: AU000000NXT8
- ASX ticker: NXT
- Lang & Schwarz quote: 3.73 euros at 7:17 p.m. CET on October 30, 2026
- FY27 revenue guidance: A$475 million to A$500 million
- FY27 underlying EBITDA guidance: A$245 million to A$265 million
