Australian data center operator NextDC has reduced its fiscal year 2027 revenue guidance to A$475-500 million from an earlier forecast of A$615-640 million, and cut its EBITDA forecast to A$245-265 million from A$385-410 million. The downgrade follows power supply delays at its Melbourne M3 data center caused by community opposition and halted infrastructure upgrades, with work not expected to resume before February 2027. Citi warns these delays could impact earnings beyond 2027 due to extended approval and upgrade timelines. This situation highlights growing global resistance to data center expansions over environmental and community concerns, leading to a 39.5% plunge in NextDC shares.
Australian data center operator NextDC's shares plunged 40% after cutting its earnings forecast. For readers following the Technology sector, here is Pluang's market snapshot as of Oct 21, 2026 07:21 WIB: Among 150 priced US Technology stocks, 129 rose and 20 fell today. Braze Inc (BRZE) surged 51.33% to USD 45.46 with 58% sell orders, while Super Micro Computer Inc (SMCI) gained 17.17% to USD 37.61 with 87% buy orders. BlackBerry Limited (BB) rose 9.44% to USD 8.93 despite 99% sell order activity, showing diverse investor behavior across the sector.
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