Stock Track | Megaport Ltd Plummets 7.54% Intraday Following H1 Loss and Updated FY26 Guidance
Stock Track
Feb 20
Megaport Ltd's stock price plummeted 7.54% during intraday trading on Friday, as investors reacted to the company's latest financial results and updated guidance.
The sharp decline followed the release of Megaport's first-half financials, which revealed a net loss of AUD 19.1 million. While the company reported H1 revenue of AUD 134.9 million, the net loss appears to have concerned investors.
Simultaneously, the company updated its fiscal year 2026 guidance, projecting consolidated group revenue in the range of AUD 302 million to AUD 317 million, with EBITDA expected to be between 21% and 24% of revenue. This updated outlook may have contributed to the negative market sentiment driving the stock's decline.
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