Megaport Limited Earnings Recaps
Q4 2026
Aug 21, 2026
Shares fell 7.3% following an earnings report that disappointed investors primarily due to a cautious outlook and margin pressure despite solid revenue growth and contract wins.
Key takeaways
- Group revenue grew 37% year-on-year to $312 million, with network revenue expanding 27% in constant currency to $289.6 million.
- Annual recurring revenue (ARR) reached $395 million, driven by a 72% ARR increase in the recently acquired compute business to $105 million.
- Total contract value (TCV) announced since late April totaled $1.3 billion, signaling strong future bookings but not yet reflected in FY ’26 results.
- Network net revenue retention improved to 114%, up 5 percentage points year-over-year, highlighting moderate customer stickiness gains.
- Despite operational progress, cautious outlook and potential margin pressure overshadowed results, leading to a notable stock decline.