Megaport’s AI contracts could support growth, but doubling by 2030 is uncertain

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  Megaport has announced about $2.3 billion worth of strategic AI infrastructure contracts since April.

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  The agreements have helped lift its pro forma annual recurring revenue to around $1.1 billion, although not all of that revenue is being billed yet.

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  The company upgraded its FY27 revenue guidance to between $720 million and $810 million, with an expected EBITDA margin of 42% to 44%.

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  Megaport plans to spend between $1.78 billion and $1.88 billion in FY27 as it expands its infrastructure.

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  The article says the shares could double by 2030, but describes that outcome as uncertain and dependent on execution and continued growth.

Who

Megaport Ltd (ASX: MP1).

What

It has secured AI infrastructure contracts and upgraded its FY27 revenue guidance. The article considers whether its shares could double by 2030.

When

Since April, Megaport has announced about $2.3 billion worth of strategic AI infrastructure contracts. The article was published on 2026-10-12.

Where

Megaport is listed on the ASX. The article describes its global network but does not state where the contracts are located.

Why

The contracts reflect demand for AI computing infrastructure and could support growth. The article says the outcome depends on delivering contracts and sustaining growth.

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