OVHcloud slightly beats FY2026 revenue forecasts on public cloud strength
OVHcloud's FY2026 revenue rose 7.2% LFL and narrowly topped analyst expectations, helped by its public cloud segment, Reuters reported citing LSEG.
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what happened
According to Reuters, citing LSEG and company data, revenue at the French cloud infrastructure provider grew 7.2% LFL in fiscal 2026 to EUR 1.15 billion. That slightly exceeded the EUR 1.14 billion consensus from 10 analysts.
Adjusted EBITDA came in at EUR 480.5 million, with the margin rising to 42%. The company also reported positive levered free cash flow for the first time since its IPO. Management credited strong public cloud sales, especially in Q4, along with domain names, VPS and Bare Metal.
For fiscal 2027, OVHcloud targets like-for-like revenue growth above 10%, an adjusted EBITDA margin above 42.5% and positive levered free cash flow.
why it matters
Analyst ratings on the shares remain mixed, with a hold consensus: 4 buy or strong buy, 4 hold and 2 sell or strong sell. The median 12-month price target is EUR 13, about 12.3% below the October 19 close of EUR 14.82.
market impact
OVHcloud shares: results broadly in line with expectations, limited read-across to European cloud peers
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instruments
sources
- France's OVHcloud slightly beats FY2026 revenue estimates on strength in public cloud segment — Reuters, 20 October 2026 at 05:10 UTC
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