product · May 16, 2026

Megaport Share Price Rises 30 Percent to AU$12.90 on Latitude.sh Contract Wins

Megaport share price rose 30 percent to AU$12.90 after the company announced another major contract win for its Latitude.sh business. Latitude.sh secured three major GPU, CPU, network, and storage contracts across two customers with a combined total contract value of approximately US$182.9 million (A$254 million). The contracts represent approximately US$65.2 million (A$90.6 million) in annualised recurring revenue. Two contracts representing 90 percent of the TCV have 36-month initial terms while the third has a 24-month term. The company believes this reinforces Megaport's position as a critical infrastructure partner in the accelerating AI ecosystem.