Megaport's annual recurring revenue jumps 49% in H1 FY26

Megaport, a Queensland-headquartered Network-as-a-Service provider, has seen its annual recurring revenue (ARR) for the Megaport Group rising 49% year on year to $338 million in the half-year ended 31 December 2025 (H1 FY26)

During the period, Megaport acquired Latitude.sh, a global Compute and GPU-as-a-Service platform, and accelerated its entry into the Indian market through the acquisition of Extreme IX, an Internet Exchange operator.

Group ARR is the combined ARR for Megaport Network, Megaport Compute (Latitude.sh) and Extreme IX.

Revenue itself was $134.9 million, up 26% on H1 FY25, reflecting Megaport Network revenue of $129.1M and Latitude.sh revenue of $5.8 million from 26 November 2025.

Megaport also delivered EBITDA of $35.3M in the half.

For the Megaport Network part of the business, ARR grew to $263.4 million in December 2025, up 16% over the last 12 months.

"Continued strong net new customer logo additions and new product innovation were both strong contributors to ARR growth", the company stated.

Megaport Network's net new customer logos tallied 167 for H1 FY26, up 100% on the year prior.

The company said that this "reflects the investment in GTM, new products, and new locations ... continued half-on-half growth is a validation of a sustained turnaround in business performance, setting the stage for future revenue expansion".

“Our global business continues to scale, with the United States delivering exceptional momentum, pushing the Americas to 24% YoY ARR growth," said Megaport CEO Michael Reid.

"This performance was driven by rising NRR and consistent new logo acquisition. We are also seeing strong adoption of our newer products, alongside a clear shift toward larger bandwidth commitments, more complex global routes, and longer-term contracts.

"Together, these trends demonstrate expanding wallet share and Megaport’s growing strategic importance within our customers’ infrastructure stack.”

Megaport updated its original FY26 guidance to reflect the acquisitions of Latitude.sh and Extreme IX, as well as a weakening US dollar.

Consolidated group guidance is now a revenue of between $302 million to $317 million, EBITDA of between 21% to 24% of revenue and capex of between $90 million to $100 million. 

"Our capital allocation remains disciplined, with maintenance capex below 2% of revenue and incremental investment focused on high-return growth initiatives, including the expansion of Megaport Compute and our network deployment across India," said Reid.

"Despite FX headwinds, the fundamentals of the business remain strong, positioning Megaport to deliver scaleable, capital-efficient growth across Network, Compute, and AI.”