OVHcloud H1 EBITDA Margin Hits 40.9% Record

Adjusted EBITDA rose 5.9% YoY to €227.2 million, margin reaching a record 40.9% for H1 FY2026.
Revenue increased 3.6% to €555.3 million, driven by Public Cloud growth of 15.1% LFL to €118.6 million.
Capital expenditure jumped to €238.5 million (42.9% of revenue), causing levered free cash flow to widen to –€14.2 million.
CEO Octave Klaba announced AI lab launch post‑Dragon LLM acquisition and a new defence unit targeting European ministries.