OVH Groupe S.A. (OVH) Earnings Call Transcripts

OVH Groupe S.A.'s Latest Earnings Call - April 9, 2026

In the first half of fiscal year 2026, OVH Groupe S.A. reported revenue of EUR 555 million and adjusted EBITDA of EUR 227 million, reflecting a like-for-like growth of 5.5%. The company achieved a record adjusted EBITDA margin of 40.9%, up 90 basis points year-over-year. Management maintained its full-year guidance for revenue growth of 5% to 7% and indicated that levered free cash flow would remain positive despite front-loading capital expenditures (CapEx) to address supply chain challenges and mitigate inflation impacts.

Reported metrics

Guidance from management

Management maintained its FY '26 revenue growth guidance of 5% to 7% and adjusted EBITDA margin expectations to exceed FY '25 levels. They confirmed that levered free cash flow would remain positive for the fiscal year.

What management said

Thank You, Stephanie. So for the FY '26 activity, our guidelines don't change, doesn't change. We anticipate like-for-like revenue growth of 5% to 7%. Adjusted EBITDA margin more than FY '25. CapEx, adjusted CapEx, if we consider really FY '26 activity is 32%, 35%, that is a little bit more, but levered free cash flow -- free cash flow will be positive for this '26 activity. So now we open the floor for your question...

What analysts pressed on

Analysts expressed concerns regarding the impact of price increases on future revenue and the potential for ongoing churn in corporate clients. There were also questions about the timing and effectiveness of the new customer acquisition strategies and the performance of the Web Cloud segment.

Main topics on the call

• Record Adjusted EBITDA Margin — OVH achieved an adjusted EBITDA margin of 40.9%, marking the highest level since its IPO. CEO Octave Klaba noted, "we still continue to improve the EBITDA, and it's going up".
• Front-Loaded CapEx Strategy — Management front-loaded 11% of CapEx to secure component availability and mitigate inflation impacts. CFO Stephanie Besnier stated, "we have decided to make proactive investments to secure our supply chain".
• Public Cloud Growth — The public cloud segment showed strong performance with a 15.1% growth in H1. This segment is positioned as the primary growth engine for OVH, as highlighted by management's focus on customer acquisition.
• AI Lab Initiatives — OVH announced the creation of an AI lab following the acquisition of Dragon LLM, aiming to address growing customer demand in agentic AI. Klaba mentioned, "we see the opportunities on the additional products on this 3-AZ...

Read the full OVH Groupe S.A. transcript (April 9, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 15 OVH Groupe S.A. earnings call transcripts on record, spanning June 30, 2022 to June 25, 2026. Based on this history, OVH Groupe S.A. reports quarterly. The most recent call on file is dated June 25, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

OVH

Exchange

ENXTPA

Country

FR

Sector

Information Technology

Industry

IT Services

Calls on record

15

First call

June 30, 2022

Most recent

June 25, 2026

Reporting cadence

quarterly