- Orange posted first-half 2026 revenue of €20.95 billion, above analysts’ average consensus estimate of €20.76 billion, beating forecasts, driven by record growth in Africa & Middle East, Europe 6 and France.
- First-half EBITDAaL of €6.13 billion also topped the consensus estimate of €6.11 billion, fueled by double-digit growth in Africa & Middle East, alongside gains in France and Europe 6.
- For the second quarter alone, revenue reached €10.85 billion versus a consensus estimate of €10.66 billion, and EBITDAaL came in at €3.53 billion against a €3.51 billion estimate, both above forecasts.
- The company raised its 2026 guidance, now projecting EBITDAaL growth exceeding 4%, up from a previous forecast of above 3%, and organic cash flow of about €4.3 billion, up from a prior target of about €4 billion.
Orange's first-half 2026 results exceeded expectations, with revenue reaching €20.95 billion and EBITDA of €6.13 billion. This performance was driven by record growth in Africa and the Middle East, as well as gains in France and Europe 6.
The company reported a second-quarter revenue of €10.85 billion, surpassing the consensus estimate of €10.66 billion, while EBITDA for the quarter was €3.53 billion, exceeding the forecast of €3.51 billion.
In light of these results, Orange has raised its 2026 guidance, now projecting EBITDA growth exceeding 4%, up from a previous forecast of above 3%. The company also anticipates organic cash flow of about €4.3 billion, an increase from the prior target of €4 billion.4
Additionally, the group net income surged to €3.6 billion, a significant increase attributed to a €2.4 billion gain from acquiring exclusive control of MasOrange. This robust performance highlights Orange's strategic focus on expanding its footprint in high-growth markets.
“The company’s second-quarter revenue reached €10.85 billion, surpassing the consensus estimate of €10.66 billion, while EBITDAaL came in at €3.53 billion against a €3.51 billion estimate. Additionally, Orange's net income jumped to €3.6 billion, primarily due to a €2.4 billion gain from acquiring exclusive control of MasOrange.”
