EURONEXT-PAR$FNCTF
Orange · Q2 2026 earnings
Q2 2026 earnings · · Investor relations
Briefing
Orange reported Q2 2026 revenues of €10.85 billion, up 3.5% year-over-year on a comparable basis.
Orange delivered solid Q2 2026 results with group revenues reaching €10.85 billion (+3.5% comparable) and EBITDAaL of €3.53 billion (+3.9% comparable). The performance was supported by strong growth in Africa & Middle East and contributions from Europe and France, with the company raising full-year guidance following the H1 results.
- Q2 revenues €10.85 billion (+3.5% comparable), H1 €20.95 billion (+3.5%).
- Q2 EBITDAaL €3.53 billion (+3.9% comparable), H1 €6.13 billion (+5.0%).
- Organic cash flow for H1 reached €2.17 billion, up strongly.
- Full-year 2026 guidance raised: EBITDAaL growth >4%, organic cash flow ~€4.3 billion.
Headline financials
Revenue & EPS history
Orange · Revenue · Quarterly
€12.3B
Revenue by segment
Orange · €11B total across 6 segments · Q4 2024
- France€4.57B—41.6%
- Africa & Middle East€2.02B—18.4%
- Orange Business€2B—18.2%
- Europe€1.89B—17.2%
- International Carriers & Shared Services€312M—2.8%
- Totem€189M—1.7%
Forward guidance
Group raises 2026 guidance on strong H1 performance and MasOrange consolidation.
Tailwinds
- EBITDAaL growth >4% (up from >3%)
- Organic cash flow ~€4.3 billion (up from ~€4 billion)
- eCAPEX/revenue ~15%
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 16 quarterly earnings reports
+0.1%
Avg return
Earnings day
+0.5%
Avg return
5 days after
+0.5%
Avg return
30 days after
43%
12 / 28 earnings
Positive
+6.8%
Q2 2024
Best reaction
-7.8%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | — | — | — | |
| Q4 2024 | +5.2% | +5.2% | +14.2% | |
| Q2 2024 | +6.8% | +6.9% | +9.5% | |
| Q2 2023 | +0.7% | +0.5% | -2.5% | |
| Q4 2022 | +1.5% | +4.4% | +12.4% | |
| Q2 2022 | +1.1% | +1.1% | -14.4% | |
| Q4 2021 | +0.0% | +0.0% | +1.1% | |
| Q2 2021 | -2.2% | -2.2% | -4.0% | |
| Q4 2020 | -0.1% | -0.6% | -0.4% | |
| Q2 2020 | -2.4% | -2.8% | +0.4% | |
| Q4 2019 | -7.8% | -3.5% | -11.8% | |
| Q2 2019 | -1.3% | -1.3% | -4.8% | |
| Q4 2018 | +0.0% | +0.0% | -7.0% | |
| Q3 2018 | +0.0% | -2.5% | +5.7% | |
| Q2 2018 | +0.0% | +0.0% | +3.8% | |
| Q2 2017 | +0.6% | +0.4% | +5.8% | |
| Q4 2017 | +3.7% | +3.7% | +3.6% | |
| Q2 2016 | +3.3% | -1.5% | -3.4% | |
| Q4 2015 | -1.5% | — | — | |
| Q2 2015 | -5.4% | — | — | |
| Q2 2014 | +0.6% | — | — | |
| Q4 2014 | +4.7% | — | — | |
| Q2 2013 | +0.0% | — | — | |
| Q4 2012 | -2.5% | — | — | |
| Q2 2012 | +0.5% | — | — | |
| Q4 2011 | -2.9% | — | — | |
| Q3 2011 | — | — | — | |
| Q2 2011 | +1.7% | — | — | |
| Q4 2010 | -0.9% | — | — | |
| Q2 2010 | +0.0% | — | — |
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