StocksMedium•9 November 2026•
1 min read
NextDC Pauses Uncontracted Projects and Slashes A$140M from Revenue Outlook
Key Facts
1NextDC has announced a pause on data centre projects that lack existing customer contracts.
2The company removed A$140 million in contracted revenue from its FY2027 outlook.
3The decision follows power-supply setbacks at the M3 Melbourne site caused by suspended network works by Jemena.
NextDC has announced a pause on data center projects that lack existing customer contracts, redirecting capital toward capacity already sold. According to reports from shattered.io, the company removed A$140 million in contracted revenue from its FY2027 outlook. The decision follows power-supply setbacks at the M3 Melbourne site caused by suspended network works by utility provider Jemena.
The company stated it has removed the affected M3 contracts from its guidance until it can reliably estimate their contribution, following Jemena's suspension of power-line upgrades in September. The reports highlight operational pressures stemming from local infrastructure delays that have forced a reallocation of the firm's capital expenditure.