Top 7 ASX data centre stocks to watch in 2026

A data centre is a purpose-built facility that houses servers, networking equipment and the power and cooling systems keeping them running. The seven companies here cover three sectors – Real Estate, Technology and Financials – putting building owners like Goodman Group ($GMG) and DigiCo Infrastructure REIT ($DGT) alongside operators running colocation and cloud services, like NEXTDC Limited ($NXT).

How we built this list: We selected these companies based on their industry and ordered them by market capitalisation. Prices are updated daily, and the list and supporting content are reviewed roughly every quarter. All data is sourced from Stake. This list isn't a recommendation and isn't ordered by suitability.

Past performance is not a reliable indicator of future performance.

Source: Stake market data. Figures in A$. Data updated as of 10 August 2026.

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1. Goodman Group ($GMG)

Goodman Group (GMG) share price over the last year: started at A$35.35, ended at A$29.93, a change of −15.3%. Range over the period: high A$36.14, low A$25.02. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: $29.93 · Daily: -0.07% · Market cap: $61.20B · Sector: Real Estate · Industry: REITs

Goodman Group ($GMG) owns, develops and manages industrial properties and data centres across major global cities. The portfolio runs from logistics and distribution centres through to warehouses, business parks, light industrial facilities and multi-story industrial properties. Greg Goodman leads the business, which employs 1,030 people globally.

$GMG is structured as a stapled group, combining Goodman Limited, Goodman Industrial Trust and Goodman Logistics (HK) Limited into one listed security. Its operations cover 15 countries across five geographic segments – Australia and New Zealand, Asia, Continental Europe, the United Kingdom and the Americas, principally North America and including Brazil.

2. Infratil ($IFT)

Infratil (IFT) share price over the last year: started at A$10.93, ended at A$12.66, a change of +15.8%. Range over the period: high A$13.16, low A$8.84. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: $12.66 · Daily: 1.3% · Market cap: $15.31B · Sector: Financials · Industry: Investment Services

Infratil Limited ($IFT) is a New Zealand-based infrastructure investment company that owns and operates businesses across renewables, digital infrastructure, healthcare and aviation. Data centre exposure comes through its Associates portfolio, which holds investments in CDC Data Centers and Kao Data. Alongside that, $IFT holds One NZ, a digital infrastructure business, as a standalone segment.

Away from digital assets, $IFT holds renewable energy businesses through Gurin Energy Asia and Mint Renewables Australasia, plus Wellington International Airport. The healthcare side includes two diagnostic imaging businesses: Qscan Group in Australia and RHCNZ Medical Imaging in New Zealand. CEO Jason Boyes leads 6,534 employees across all of these segments.

3. NEXTDC Limited ($NXT)

NEXTDC Limited (NXT) share price over the last year: started at A$14.34, ended at A$14.40, a change of +0.4%. Range over the period: high A$17.71, low A$11.08. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: $14.40 · Daily: 0.8% · Market cap: $10.94B · Sector: Technology · Industry: Software & IT

Colocation is the core of what NEXTDC Limited ($NXT) does – businesses rent space, power and cooling inside its data centres rather than running their own server infrastructure. The company operates Tier III and Tier IV certified facilities across Australia, serving both local and international organisations. $NXT also connects its customers to a partner ecosystem of under 750 cloud platforms, networks and IT service providers, so organisations can build and scale hybrid cloud setups from within the same facility.

Sustainability is built into the operation. $NXT holds NABERS 5-star certification and maintains a focus on renewable energy across its network.

4. Megaport Limited ($MP1)

Megaport Limited (MP1) share price over the last year: started at A$14.63, ended at A$19.92, a change of +36.1%. Range over the period: high A$21.58, low A$6.48. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: $19.92 · Daily: -1.3% · Market cap: $4.70B · Sector: Technology · Industry: Software & IT

Megaport Limited ($MP1) provides on-demand network interconnection through its global Software Defined Network (SDN). Businesses connect their digital infrastructure to cloud and network services via a portal or open Application Programming Interface (API).

One of its core products, the Virtual Cross Connect (VXC), is a Layer 2 Ethernet connection that can be provisioned in around 60 seconds to any endpoint on the $MP1 network. The suite also includes managed virtual routing through the Megaport Cloud Router (MCR) and network security through a Firewall as a Service (FWaaS) offering.

5. Spark New Zealand Limited ($SPK)

Spark New Zealand Limited (SPK) share price over the last year: started at A$2.31, ended at A$1.62, a change of −30.1%. Range over the period: high A$2.37, low A$1.45. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: $1.62 · Daily: -0.9% · Market cap: $3.66B · Sector: Technology · Industry: Telecom

Data centres are one of nine named business segments at Spark New Zealand Limited ($SPK), sitting alongside mobile, broadband, IT products and services, and voice. CEO Jolie Hodson leads a workforce of 3,847 people serving customers from individual New Zealand households through to small businesses, government and large enterprise clients. Its subsidiary Computer Concepts Limited handles IT infrastructure and business cloud services, while Gen-i Australia covers international wholesale and outsourced telecommunications.

6. Macquarie Technology Group Limited ($MAQ)

Macquarie Technology Group Limited (MAQ) share price over the last year: started at A$70.34, ended at A$61.75, a change of −12.2%. Range over the period: high A$78.30, low A$58.00. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: $61.75 · Daily: -1.1% · Market cap: $1.59B · Sector: Technology · Industry: Software & IT

Macquarie Technology Group Limited ($MAQ) runs three distinct businesses under one roof: data centres for wholesale customers, cloud and cybersecurity services for corporate and government clients, and a telecommunications arm covering voice and mobile. The government angle sets $MAQ apart from a purely commercial operator – its Cloud Services & Government segment is built around delivering colocation, public and private cloud, and cybersecurity to public sector customers alongside corporate ones.

Under CEO David Tudehope, the company employs 449 people. That's a relatively lean headcount for a business operating across infrastructure, cloud and telco services simultaneously. The Telecom segment rounds out the offering with data network and voice services, giving $MAQ a broader service footprint than a pure data centre owner would carry.

7. DigiCo Infrastructure REIT ($DGT)

DigiCo Infrastructure REIT (DGT) share price over the last year: started at A$3.25, ended at A$2.77, a change of −14.8%. Range over the period: high A$3.25, low A$1.66. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: $2.77 · Daily: 0.4% · Market cap: $1.55B · Sector: Real Estate · Industry: REITs

As a Real Estate sector REIT, DigiCo Infrastructure REIT ($DGT) owns, operates and develops data centres across Australian and North American markets. The 13-facility portfolio covers stabilised assets, value-add properties and ground-up development opportunities.

The company's total planned IT capacity is 238MW. Of that, 76MW is already installed and operating, with a 162MW development pipeline still to come online.

CEO Chris Maher leads $DGT's effort to expand that footprint. The company's focus sits on the property side of data centres – building and holding the facilities themselves, rather than running the technology services inside them.

Common questions

How do I invest in ASX data centre stocks?

All seven companies in this list trade on the ASX, so you can buy them through any share trading platform the same way you'd buy any other ASX share – search the ticker, place an order, and settlement goes through CHESS (the ASX's Clearing House Electronic Subregister System). Because data centre exposure here sits across the technology, real estate and financials sectors, there's no single sector filter that surfaces all of them at once.

What are the key risks of data centre stocks?

Data centres consume significant amounts of power, so energy costs and access to reliable electricity supply are structural pressure points for any operator. Companies actively building new capacity also carry development risk – construction delays or cost overruns can push back timelines and affect project economics. For the real estate names in this list, interest rate movements can weigh on property valuations and increase borrowing costs. Several companies here also have operations outside Australia, which introduces currency exposure relative to the Australian dollar.

What kinds of data centre exposure does this list cover?

The companies here fall into a few distinct models. $NXT, $MAQ and $DGT are direct operators – they own physical facilities and earn revenue from customers leasing colocation capacity, power and connectivity. $GMG develops and manages industrial and digital infrastructure properties across a global portfolio, with data centres forming part of a broader property business. $MP1 sits on the network layer, offering software-defined connectivity between businesses, cloud platforms and data centres rather than owning the buildings themselves. $IFT holds data centre exposure through its stake in CDC Data Centers as part of a wider infrastructure investment portfolio, while $SPK runs data centres as one segment within a larger telecommunications business.

Disclaimer

Past performance is not a reliable indicator of future performance. When you invest, your capital is at risk. You should consider your own investment objectives, financial situation, and particular needs before making an investment decision. The value of your investments can go down as well as up and you may receive back less than your original investment. As always, do your own research and consider seeking appropriate financial advice before investing.

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