Megaport wins 3 AI infra contracts worth $978.6M

• Megaport secures $978.6 million in new AI infrastructure deals.
• The agreement lifts total strategic contracts announced since April to $2.3 billion.
• The company upgraded its FY27 revenue guidance to $720 million–$810 million.

Megaport (ASX:MP1) has signed three AI infrastructure contracts worth about $978.6 million through its Latitude.sh unit, lifting its strategic contract total since April 2026 to $2.3 billion.

The deal follows rapid expansion in compute demand, with compute annual recurring revenue reaching $201.4 million by late September, up 90% since June.

"Earlier deployments, new contracts, and network growth underpin our upgraded FY27 revenue and EBITDA margin guidance," stated Michael Reid, Megaport CEO.

The new contracts bring upfront customer prepayments of $322.6 million and push pro forma group annual recurring revenue to $1.1 billion, with over 85% originating from North America.

Megaport stated that the deals prompted an upgrade to its full-year 2027 revenue guidance to $720 million–$810 million, up from $620 million–$730 million.

Following the announcement, the Megaport share price was up at $18.85.

The network-as-a-service provider has built out global private connectivity across data centres, cloud providers, and managed network services.

Through its Latitude.sh business, the group focuses on automated bare-metal compute and GPU infrastructure designed for high-density artificial intelligence workloads.