Australia’s Top Technology Stocks to Watch in 2026

These three shares are growing well, supported by strong financial results, AI growth, new products and business expansion plans.

Xero Limited (ASX: XRO)

Xero Limited (ASX: XRO) disclosed its FY26 financial performance of revenues of $2.8 billion (+31%), an increase of 18% in adjusted EBITDA of $757.4 million. EBITDA stood at $789.5 million and Free Cash Flow was $554.0 million. The company also added 110,000 US customers and said its AI platform is supporting future growth.

The company approved a share buyback of up to A$550 million during FY27 to offset dilution from employee share plans. Annualized monthly recurring revenue increased by 37% to $3.3 billion. The company gained 506,000 customers, Lifetime Value of $21.0 billion. The monthly churn remained 1.14%.

Australia and New Zealand revenue raised 18% to $1.4 billion with 2.8 million customers. International revenue also reached $1.4 billion, improved 47%. US revenue increased 240%, while UK revenue rose 26%.
Xero launched new AI tools, introduced XeroForce and the Ultra plan. FY27 revenue guidance is $3.62-$3.73 billion with adjusted EBITDA of $860-$920 million.

Technology One Ltd (ASX: TNE)

Technology One Ltd (ASX: TNE), on 19 May 2026, announced its FY26 half year results. TNE reporting record revenue, profit and annual recurring revenue (ARR). Profit before tax increased 9% to $89.1 million, profit after tax rose 6% to $66.8 million, ARR grew 17% to $598.0 million and total revenue increased 11% to $322.7 million. Also, TNEannounced an increase of its interim dividend of 21% to 8.0 cents per share.

Technology One re-affirmed the higher FY26 guidance of ARR growth of 16%-18% and profit growth of 18%-20%. TNE said its SaaS+ model and AI investments are helping drive growth.

Technology One launched new AI products, including Plus, Guide and in-product AI, to help organisations work more efficiently. It achieved strong financial strength with $245.5 million in cash and investments and invested $84.1 million in research and development. The company aims to grow ARR beyond $1 billion by FY30.

WiseTech Global Limited (ASX: WTC)

WiseTech Global Limited (ASX: WTC), on 22 July 2026, announced an agreement to acquire FRDM.ai, an AI-based supply chain risk and compliance technology company. The deal includes upfront consideration of $10 million in cash and WiseTech shares, with possible all-cash earn-outs of up to $14.31 million. Completion is expected on 3 August 2026.

WiseTech said FRDM.ai’s technology will combine with its existing solutions to create VerifyWise. The platform will help verify suppliers, improve trade data accuracy and manage risks such as human rights, modern slavery and regulatory compliance across supply chains.

The company stated that the acquisition will expand compliance services, create cross-selling opportunities across its network of more than 22,000 logistics providers and 500,000 connected enterprises, and strengthen its supply chain data network.

WiseTech also reported its growth strategy, including AI use, CargoWise expansion, $1 billion investment in innovation over five years, and operations across 193 countries.

(Source: Company Report)