5 ASX Tech Stocks with long term growth potential

These ASX tech stocks show strong growth driven by revenue gains, AI adoption, and expanding global contracts.

WiseTech Global Limited (ASX: WTC)

on 25 February 2026, in its 1H26 results showed revenue up 76% and EBITDA up 31%, helped by the e2open deal that formed TradeWise.

CargoWise NCM is now used by 95% of customers and the company serves about 22,000 logistics firms in 193 countries, linking more than 500,000 businesses.
It has spent over $1 billion on innovation in the last five years. It uses long-built industry knowledge and supply chain data to run its systems.

AI is now a key focus, helping customers work faster and more efficiently. About half of the company’s coding is already done using AI agents.

Xero Limited (ASX: XRO)

On 14 May 2026, reported FY26 revenue of $2.8b, increased 31% with adjusted EBITDA rising 18% to $757.4m and free cash flow of $554m. It added 506,000 customers and reached $3.3b AMRR while delivering 37% growth.
US expansion was strong with 110,000 new customers and revenue growth linked to payments and Melio integration. International revenue rose 47% whereas Australia and New Zealand grew 18% with steady churn and higher ARPC.

AI adoption is growing across the platform including automation tools, partnerships with Anthropic and OpenAI and 40m+ reconciled transactions through new features.
The guidance for FY27 assumes, $3.62b–$3.73b revenue and $860m–$920m EBITDA with plans for continued growth and efficiency gains.

Technology One Limited (ASX: TNE)

on 19 May 2026, shared best first half results. Revenue, profit and ARR all at new highs. SaaS+ growth and AI product launches supported the 17th straight half-year profit increase and reaffirmed FY26 guidance.

Profit before tax rose 9% to $89.1m and ARR increased 17% to $598m, with UK ARR up 23%. SaaS and recurring revenue reached $299.2m, while total revenue grew 11% and expenses rose 12%. Free cash flow fell 15% and cash holdings increased to $245.5m.

AI rollout introduced Plus, Guide, and in-product tools, enabling predictive and conversational enterprise workflows and expanding market reach beyond previous estimates.
The business targets 18%–20% profit growth, stronger margins, and full cash conversion, supported by early guidance upgrades and continued SaaS+ momentum.

REA Group Limited (ASX: REA)

on 8 May 2026, reported Q3 FY26 results with revenue of $398m, up 11% excluding M&A and EBITDA rising 16% to $220m, supported by stronger residential demand and yield growth.
Costs increased modestly, with operating expenses at $178m, increased 5% excluding M&A. Australian residential revenue rose 12%, helped by 14% buy yield growth and a 1% rise in listing volumes, with Sydney and Melbourne improving.

Engagement hit records, including 12.9 million monthly visitors, 150 million visits and rising buyer enquiries and seller leads. AI tools expanded across search and customer products, improving user experience and platform capability.

FY26 outlook expects stable listing trends, around 13% yield growth and improved cost control, supporting positive operating performance.

Megaport Limited (ASX: MP1)

on 27 April 2026, informed its Latitude.sh business signed a 3year deal worth about USD 25.1m, adding around USD 8.4m in yearly recurring revenue. Compute ARR also rose 31% to USD 58.7m.
On 14 May 2026, it announced three more contracts worth about USD 182.9m (AUD 254.0m), adding about USD 65.2m ARR. These are 24–36 month fixed deals across GPU, CPU, network and storage.

The company now operates in 1,100+ data centres. FY26 guidance stays the same, but spending could rise if equipment is delivered before June 2026.

(Source: Company Report)