NEXTDC, Goodman and Megaport: Exhibiting AI Driven Growth Trend

These ASX companies show a quiet AI and infrastructure growth trend, supported by rising demand for data centres, new contracts and ongoing investment in future digital capacity.

NEXTDC Limited (ASX: NXT)

NEXTDC Limited (ASX: NXT), on 5 May 2026, secured credit approved commitments for A$1.8 billion in new senior debt facilities from a group of domestic and international banks. This lift total available senior debt to A$8.2 billion and increases pro forma liquidity to about A$8.4B as at 30 June 2026. Funds will support capital spending for new customer contracts, data centre projects and general purposes with completion expected in July 2026.

Contracted utilisation increased strongly, including a 250MW rise at S4, taking pro forma utilisation to 667MW as at 31 March 2026. The forward order book also grew 83% to 544MW.

Expected EBITDA from contracted and existing utilisation is projected to exceed A$1.0 billion over FY26–FY30, compared to FY26 guidance midpoint of A$235 million.

NEXTDC plans to invest around A$1.5 billion to accelerate S4 development through FY27 to meet rising demand and expand capacity delivery.

Goodman Group (ASX: GMG)

Goodman Group (ASX: GMG), on 26 May 2026, reported a Q3 FY26 update showing a total portfolio of $87.1 billion, development work in progress of $14.5 billion and a global power bank of 6.4GW. The company said it operates infrastructure supporting the digital economy and is positioned in major global cities.

The AI adoption is driving stronger demand for data centres and logistics assets, while energy availability and capital limits are restricting global supply. It also noted a shift toward automation and robotics across industrial operations, with increasing customer investment.

Development activity remains the main source of growth, with WIP expected to reach about $18 billion by June 2026. Data centres make up a large part of the pipeline, with secured and advanced power arrangements supporting expansion.

Goodman also reported progress across global partnerships and data centre projects, with rising customer engagement and expectations of continued growth driven by constrained supply and strong demand conditions.

Megaport Limited (ASX: MP1)

Megaport Limited (ASX: MP1), on 3 June 2026, announced four new AI infrastructure contracts with total value of about A$458.9 million. These agreements support AI inference workloads and require around A$369.5 million in capital spending across GPUs, networking and storage. The company also reported pro forma liquidity of about A$287.6 million.

Megaport will build an on-demand GPU Pool with about A$350 million investment. This will give customers access to AI infrastructure using both contracted and usage-based models across its global data centre network.

It also noted a strategy to create a globally distributed AI inference cloud using more than 1,100 connected data centres across 31 countries. Network ARR increased to A$277.7 million, while combined group ARR reached A$662.9 million.

Megaport raised A$827.3 million through a fully underwritten entitlement offer to fund contracts and GPU expansion. FY26 revenue guidance was tightened to A$307–315 million, while EBITDA and capex guidance remained unchanged.

(Source: Company Report)