OVH Groupe (OVH) Q3 2026 TU earnings summary

Executive summary

• Q3 FY2026 revenue reached €290 million, up 6.9% year-over-year, with net retention at 102%.

• Nine-month FY2026 revenue totaled €845 million, growing 6.0% like-for-like.

• Public Cloud segment drove momentum with over 20% like-for-like growth.

• Major business highlights include selection for a European Commission consortium for sovereign cloud and acquisition of Gladia to enhance AI capabilities.

• Corporate reorganization completed, with new teams and sales force structures across countries.

Financial highlights

• Q3 FY2026 revenue: €290 million (+6.9% like-for-like); 9M FY2026 revenue: €845 million (+6.0% like-for-like).

• Public Cloud revenue grew 20.2% like-for-like to €66 million; Private Cloud €174 million (+4.0%); Webcloud €50 million (+2.0%).

• France accounted for 48% of revenue, Europe (ex-France) 29%, Rest of World 23%, with respective growth rates of 5.8%, 7.4%, and 8.6%.

• Net revenue retention rate at 102% in Q3 FY2026.

• Price increases contributed less than 0.5% to nine-month revenue growth.

Outlook and guidance

• FY2026 like-for-like revenue growth expected between 5% and 7%, likely closer to 7%.

• Adjusted EBITDA margin projected above FY2025.

• Adjusted CapEx to remain between 33% and 35% of revenue.

• Positive levered free cash flow anticipated.