Best ASX tech stocks for July 2026
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If we’re on the subject of most traded stocks, many experienced traders know tech stocks sit high up in that list. Advances in artificial intelligence (AI), cloud computing, cybersecurity, and digital services are reshaping how businesses operate and how consumers interact with products and services. It’s no surprise that investors are focused on tech stocks in 2026.
Why invest in ASX tech stocks?
Tech stocks pertain to any stock from companies that operate within the technology sector. The classification runs the gamut, from producers of semiconductors to software providers. Some tech companies often enjoy faster growth than others in more mature industries, owing to the fact that software products are more scalable and require low incremental costs from development to deployment. Once customers integrate software into their daily operations, switching providers can become difficult, which results in customer retention. This trend is even more pronounced in the continued adoption of AI and automation, increased demand for cloud computing, and the rising costs of cybersecurity. Some analysts tend to view tech stocks as an indicator for the health and growth of the economy and the larger stock market.
In this blog, we’ll explore the top ASX tech stocks worth watching in July 2026, in case you want to diversify your portfolio and support your financial plans:
WiseTech Global
WiseTech owes its success to CargoWise, its flagship product that helps global supply chain operators integrate and streamline their complex logistics processes through a single software platform. Its revenue surged because of strong subscription growth to its proprietary logistics platform.
Over the past years, WiseTech has experienced steady long-term growth including periods when the share price reached record highs. WiseTech’s expansion strategy includes acquisitions like buying US-based e2open for US$2.1 billion in 2025.
Some market analysts suggest that WiseTech Global could see further growth in the future: As more logistics providers invest in integrated software platforms, investors may turn to solutions such as CargoWise.
Block Inc. (Afterpay)
Ever since Afterpay was acquired by Block Inc., the company helped popularise the Buy Now, Pay Later (BNPL) model in Australia and other markets. This option has drawn the attention and support of younger consumers, especially when using their preferred e-commerce platforms. On the back of this, Block Inc. benefits from a positive growth trajectory, with its share price increasing over the years.
The main driver of Afterpay’s future performance is its continued adoption of digital payments and expansion to new markets. But because of this bold move, investing in Block Inc. stocks comes with elevated risks because of regulatory challenges and fintech becoming an oversaturated industry.
TechnologyOne
Unlike some growth-focused tech companies, TechnologyOne has a different profile because it’s in the enterprise software business, which caters to large organisations as well as government agencies.
Being one of the most established options among ASX tech stocks, the company has enjoyed a growing market presence. All thanks to TechnologyOne’s initiative to transition from a cloud-based model that improves scalability and widens margins.
If you’re a conservative trader who seeks lower risk within the tech space, TechnologyOne’s tech stocks may be an option depending on your style and risk appetite. Compared with some of its competitors, TechnologyOne has historically followed a different growth profile, supported by long-term customer relationships and subscription revenue. Investors often monitor the company's continued cloud adoption, customer growth, and product development when assessing its long-term prospects.
Xero Limited
Xero has established itself as one of Australia’s leading enterprise software companies. Across Australia, New Zealand, the United Kingdom and North America, its cloud accounting software serves SMEs with noteworthy capabilities for payroll processing, invoicing, expense management, and payment solutions.
Xero has also embraced the use of AI as part of its digital ecosystem, integrating useful features such as automated bookkeeping suggestions, cash flow forecasting, and business insights,all of which are valuable to its clientele.
Xero has historically traded at a higher valuation than many ASX-listed software peers. Some investors view the company's recurring revenue model and customer retention as factors supporting its valuation.
Pro Medicus Limited
Pro Medicus is in the business of healthcare imaging software, developing and supplying Radiology Information System (RIS) software and services to diagnostic clinics and hospitals in Australia, Europe, and North America. Through its software, healthcare entities are able to view and analyse large medical scans with increased precision and speed. This is welcome progress for healthcare providers that need advanced imaging systems that are capable of processing growing volumes of medical data, which improves the efficiency of healthcare providers around the world.
Because of its cutting edge technology, Pro Medicus has attracted considerable investor interest. The company’s capital-light business model, high customer retention, and long implementation cycles support its impressive profit margins reported year after year.
Megaport Limited
Traditional networking infrastructure often requires long build times and expensive hardware. But Megaport’s software and networking services can reduce the process down to just minutes. Megaport offers services such as cloud connectivity and flexible networking solutions between data centres and cloud providers. This offering supports organisations adopting hybrid environments at work.
It’s true that Megaport has experienced periods of share price volatility in the past, but its growing presence and expanding global customer base still make it an interesting tech stock choice for investors who focus on slow yet long-term growth.
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The tech sector in Australia is replete with both mature and growth-focused companies that can compete successfully in global markets. If you are an investor taking your first steps into ASX tech stocks, you can benefit from a partner like FP Markets. Through Contracts For Difference (CFDs), you can start speculating on both rising and falling share prices of a tech stock without directly owning the underlying shares. FP Markets also provides trading platforms, market analysis, and educational resources to support traders in developing their market knowledge. Open a trading account with us today and start exploring global markets today.
Frequently asked questions (FAQs)
ASX tech stocks are shares of technology companies listed on the Australian Securities Exchange. These businesses operate across industries such as software, cloud computing, fintech, healthcare technology, and networking services, which offer investors exposure to one of the market's fastest-growing sectors.
Many investors are drawn to ASX tech stocks because tech companies often deliver strong long-term growth through scalable business models, recurring revenue, and innovation. Trends such as artificial intelligence, cloud computing, cybersecurity, and digital transformation continue to support this demand across the sector.
You can trade ASX tech stocks by purchasing shares directly or by trading Contracts For Difference (CFDs). With FP Markets, CFDs allow traders to speculate on both rising and falling share prices without owning the underlying shares, thus providing greater flexibility in different market conditions.
