EL7.AI
StocksMedium•23 October 2026•
2 min read

OVHcloud Revenue Grows 7.2% in FY 2026, Exceeding Its Target

Key Facts

1Revenue reached €1,145.1 million in FY 2026, up 7.2% on a like-for-like basis.
2Like-for-like revenue growth accelerated to 10.5% in the fourth quarter, from 6.9% in the third quarter.
3Net profit was €9.4 million in FY 2026, compared with €0.4 million in FY 2025.
4Consolidated net financial debt was €1,157 million on August 31, 2026.

OVHcloud revenue reached €1,145.1 million in the fiscal year ended August 31, 2026, according to the results announced by the company. Revenue increased 7.2% on a like-for-like basis and 5.6% on a reported basis, exceeding its target range of 5% to 7% growth. The annual performance reflected a clear acceleration in the second half of the fiscal year. Like-for-like growth rose from 6.9% in the third quarter to 10.5% in the fourth quarter. The chief executive said monthly revenue exceeded the €100 million threshold by the end of the fiscal year.

Profitability improved alongside accelerating revenue, with adjusted EBITDA reaching €480.5 million in FY 2026. The adjusted EBITDA margin reached 42%, up 1.6 percentage points from the previous fiscal year. The company also posted net profit of €9.4 million, compared with €0.4 million in FY 2025. Public cloud was one of the main growth drivers, with revenue up 18.9% on a like-for-like basis for the year. Growth in this business accelerated to 24.3% in the fourth quarter, according to the company.

On costs, the chief executive said the company made measured price adjustments in response to higher prices for RAM and disks. He also pointed to sales momentum in domain names, virtual private servers and dedicated server services. Consolidated net financial debt, excluding lease liabilities, was €1,157 million on August 31, 2026, compared with €1,103 million on the same date a year earlier. The company said it had €255 million in available liquidity and faced no major repayment maturity before FY 2030. It also said it had secured the component supplies needed for expansion, with 250 megawatts of connected power capacity, of which 140 megawatts are operational.

Among upcoming dates, the company set November 19, 2026, to detail its artificial intelligence strategy at the AI Summit. It also announced that first-quarter FY 2027 revenue results will be released on January 7, 2027. The two dates follow a fiscal year in which revenue growth exceeded the top end of its target range and the adjusted earnings margin increased. The upcoming revenue announcement will provide an update on the company's performance at the start of the new fiscal year. These milestones remain part of the schedule the company announced for presenting its strategy and disclosing its results.