• Organic growth of 6.9%, driven by Public Cloud, which grew by more than 20%
• Strengthening AI Lab with Gladia and a preview of OVHai Workspace 

• Confirmation of FY2026 guidance

Revenue by product segment

 

Octave Klaba, Chairman and CEO of OVHcloud, said:

“In Q3 FY2026, our organic growth accelerated to 6.9%, driven by Public Cloud, which returned to growth above 20%. In line with H1 FY2026, we have maintained strict financial discipline and are therefore reaffirming our target of achieving positive levered free cash flow in FY2026.

This quarter, I would also like to highlight three structural initiatives.

Firstly, to meet the growing demand for a trusted cloud, we reorganised the Corporate sales force. This underlying commercial momentum is illustrated this quarter by our selection by the European Commission to provide a sovereign cloud for EU institutions.
Secondly, for Starters, we maintained our offensive commercial approach with several updates to our offerings: VPS 2027, Domain Names 2027 and Web Hosting 2027 – which have all led to a steady increase in new customers.

Finally, building on our acquisition of Dragon LLM, we further expanded our AI Lab with the acquisition of Gladia, aiming to develop sovereign generative, agentic and multimodal AI. At VivaTech, the AI Lab also offered a preview of OVHai Workspace, a collaborative and open agentic AI platform.”  

Public Cloud drives growth in Q3 FY2026 

OVHcloud’s revenue for the third quarter of FY2026 came in at €289.6 million, up 6.9% like for like, reflecting sequential acceleration. This growth continues to be driven mainly by Public Cloud, which returned to growth above 20%.

Existing customers’ demand continued to increase, reflecting the loyalty of the customer base, with the net revenue retention rate reaching 102% on a like-for-like basis, despite optimisation measures in Hosted Private Cloud.

Revenue by product segment

In the third quarter of FY2026, Private Cloud (60.1% of revenue) accounted for €174.0 million, up 4.0% on a like-for-like basis.
•    Bare Metal Cloud continued to benefit from the repositioning of its entry-range offerings, and accelerated acquisitions in Starters; 
•    Within the Hosted Private Cloud segment, growth in the Corporate segment offsets the churn of certain Starters and Scalers customers affected by Broadcom's price increases

In the third quarter of FY2026, Public Cloud (22.7% of revenue) accounted for €65.6 million, up 20.2% on a like-for-like basis.
•    Public Cloud continued its sustained growth trajectory, buoyed by very strong customer acquisition in Starters, particularly for VPS offerings following the launch of VPS 2027.
•    The Scalers and Corporate segments are currently expanding, driven by an extensive product catalogue with deployment in the 3-AZ regions in Paris and Milan.

In the third quarter of FY2026, Web Cloud (17.3% of revenue) accounted for €50.0 million, up 2.0% on a like-for-like basis.    
•    Thanks to the offensive sales strategy, customer acquisition has increased, particularly in the domain name segment.    
•    OVHcloud continues to innovate with the launch of new products: Webhosting 2027, Managed Hosting for WordPress, and OVHcloud Video Center.

Revenue by region

France accounted for 48% of total Group revenue and was up 5.8% on a like-for-like basis, a slight sequential improvement compared to H1 FY2026. Private Cloud benefited from the repositioning of its entry-range offerings; Public Cloud returned to growth above 20%; and Web Cloud continued to be buoyed by support services and domain names.

The other countries of Europe accounted for 29% of total Group revenue and increased by 7.4% on a like-for-like basis. Compared to H1 FY2026, growth more than doubled driven by stronger momentum in the Public Cloud segment.

Rest of the World accounts for 23% of the Group's total and recorded growth of 8.6% on a like-for-like basis. Growth continues to be driven by the expansion of the Public Cloud segment and the Private Cloud segment’s resilience. 

FY2026 objectives – Positive levered free cash flow 

In line with the first half of FY2026, the Group maintained its strict financial discipline, combining rigorous cost management with a particular focus on cash generation.    

OVHcloud confirms all the following targets for FY2026: 
-    Organic revenue growth of between 5% and 7%;
-    Adjusted EBITDA margin above FY2025;
-    Adjusted Capex representing between 33% and 35% of revenue, excluding locked-in stock for FY2027 covered by dedicated financing;
-    positive Levered Free Cash flow.

A quarter full of announcements 

Exclusive negotiations to acquire Gladia, expert in voice AI
Through this acquisition, OVH Groupe strengthens its teams with new voice AI experts. By internalizing the Speech-to-Text (STT) technology building blocks developed by Gladia, OVHcloud and OVHai will offer their customers new voice AI services.     

OVH Labs unveils OVHai Workspace “in preview”, an open, collaborative agentic AI platform
Previewed at VivaTech, OVHai Workspace brings together collaborative tools (email, cloud storage, video conferencing) while remaining open to partner applications. It uses agentic AI to automate complex actions, with end-to-end encryption and local processing of sensitive data.

Structuring the Corporate sales organisation to accelerate growth

To meet the growing demand for a trusted cloud, data control and trusted AI, OVHcloud has reorganised the Corporate sales force, with a dedicated management team in six countries reporting to a new CRO Corporate, Bruno Ronsse (Executive Committee member).

New Premier 2027 servers for Managed VMware vSphere

This Private Cloud solution addresses the most critical use cases (migration, disaster recovery, enterprise application hosting and application modernisation). The Premier 2027 range deploys VMware environments and upgrades them with enhanced performance and flexibility.

The DEEP, OVHcloud and Clever Cloud consortium is selected for the sovereign cloud for European institutions

The consortium comprising DEEP by POST Luxembourg Group, OVHcloud and Clever Cloud was selected by the European Commission to provide a sovereign cloud for EU institutions, signalling underlying momentum. This contract, capped at a maximum value of €180 million over six years, is a key step in the practical implementation of the European digital sovereignty strategy.

Conference call

On Thursday 25 June 2026 at 10 a.m. (CEST – Paris), OVHcloud’s management will hold a conference call in English.

Connection links:
•    Webcast 
•    Conference call

After the conference call, a replay of the webcast will be available in the Investor relations section of the OVHcloud website: https://corporate.ovhcloud.com/en/investor-relations/financial-results/      

Calendar

20 October 2026: FY2026 Annual Results