OVH Groupe (OVH) Q3 2026 TU earnings summary

Executive summary

• Q3 FY2026 revenue reached €290 million, up 9.6% year-over-year, with net retention at 102%.

• Nine-month year-to-date revenue totaled €845 million, growing 6% like-for-like.

• Confirmed all FY2026 guidance, expecting growth closer to 7% than 5%.

• Major business highlights include selection for a European Commission consortium for a sovereign cloud contract capped at €180 million over six years and acquisition of Gladia, an AI speech-to-text company.

• Corporate reorganization completed, with new teams in place and expanded AI capabilities.

Financial highlights

• Q3 like-for-like revenue growth accelerated to 6.9%, up from H1, with Q3 revenue at €289.6 million.

• Public Cloud revenue grew 22.2% like-for-like to €66 million, representing 22% of group revenue; Private Cloud reached €174 million, up 4% like-for-like; WebCloud was €50 million, up 2% like-for-like.

• France accounted for 48% of revenue, growing 5.8% like-for-like; Europe ex-France 29% (+7.4%); Rest of world 23% (+8.6%).

• 9M FY2026 revenue: €844.9 million, up 6.0% like-for-like year-over-year.

Outlook and guidance

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

• Adjusted EBITDA projected to exceed FY2025.

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

• Positive levered free cash flow anticipated.