3 ASX growth stocks exhibiting high potential

The following ASX growth stocks are undervalued relative to their long-term earnings potential and therefore investors should consider adding them to their portfolios.

Pro Medicus Limited (ASX: PME) 

on 4 June 2026 signed a 5-year contract renewal with The Ohio State University Wexner Medical Center valued at $16 million.
The company on 1 June 2026 announced two major contract wins in the United States with a combined value of $44 million which further expanded its presence in the medical imaging software market. One of these agreements was a 5-year renewal with Allegheny Health Network (AHN) worth $28 million and it included Visage 7 Workflow as well as higher minimum transaction volumes and increased fees per transaction which could raise the contract value over time.

Pro Medicus on 12 February 2026 reported a record first-half result for FY26 as revenue rose 28.4% year-on-year to $124.8 million and Underlying EBIT increased 29.7% to $90.7 million which reflected the strength of its highly scalable software business model.
The market capitalisation at the time of writing is $17.07 billion and the stock has fallen 41.46% over the past 12 months which is an indication that there is still meaningful upside potential.

WiseTech Global Limited (ASX: WTC) 

is one of the best ASX growth stocks with upside potential because it has a leading position in global logistics software and currently has a market capitalisation of approximately $12.42 billion. Its share price has declined around 65% over the past 12 months which has led to an attractive entry point for investors.

The company in 1H26 delivered strong growth as total revenue increased 76% to US$672.0 million while EBITDA rose 31% to US$252.1 million and free cash flow increased 24% to US$153.6 million.
CargoWise revenue grew 12% to US$372.4 million which highlights the resilience of the company's highly recurring software business model.

Its scale is substantial with customers across 193 countries while more than 500,000 enterprises are connected through the platform and over 90 million ocean containers are tracked alongside support for many of the world's largest freight forwarders and logistics providers.

Management has reaffirmed FY26 guidance and expects revenue of US$1.39 billion to US$1.44 billion together with EBITDA of US$550 million to US$585 million supported by AI driven productivity gains and expansion across the large global trade and logistics market.

Breville Group Limited (ASX: BRG) 

is one of the best ASX growth stocks with significant upside potential which is supported by its premium global brands while current market capitalisation is $4.36 billion.
The company in the first half of FY26 reported record revenue of $1.10 billion which was up 10.1% from the previous corresponding period while gross profit rose 6.3% to $389.5 million.
EBITDA increased 2.9% to $182.8 million and NPAT improved slightly to $98.2 million despite substantial tariff headwinds in the United States.

A key recent achievement was the successful completion of its manufacturing diversification strategy with more than 80% of US gross profit now produced outside China which has reduced tariff exposure and increased operational flexibility.

The company is also investing heavily in future expansion through AI-based transformation initiatives and the Beanz subscription platform which recorded strong growth in customers subscriptions.

(Source: Company Announcements)