Compute to account for nearly 60% of Megaport revenue by 2030

Megaport Ltd. (ASX: MP1) is moving beyond its roots in network connectivity as demand for AI infrastructure opens a new growth avenue. The Australian connectivity specialist completed its acquisition of Latitude.sh LTDA in November 2025, adding dedicated CPU and GPU infrastructure to its Network-as-a-Service platform. The deal gives Megaport a foothold in the fast-growing Compute-as-a-Service market and allows customers to deploy compute alongside private connectivity.

The shift is already visible in the numbers. Compute contributed about A$44 million to Megaport’s FY 2026 revenue, while group revenue rose 37% to A$312 million.

Visible Alpha consensus points to an acceleration from here. Analysts expect Compute Services revenue to reach A$331 million in FY 2027, helping drive group revenue to A$670 million, more than double the FY 2026 level. The segment is forecast to continue scaling rapidly, with revenues reaching A$891 million by 2030 and accounting for about 59% of group revenue.

The expectations come as Megaport expands beyond connectivity into AI infrastructure, combining its global network with Latitude.sh’s compute and storage capabilities. The company has secured major contracts covering GPU, CPU, network and storage capacity and is investing heavily to build a globally distributed AI inference platform.

This article was published by Visible Alpha, part of S&P Global Market Intelligence and not by S&P Global Ratings, which is a separately managed division of S&P Global.