Orange S.A. (ORA) Earnings Call Transcripts

Orange S.A.'s Latest Earnings Call - May 19, 2026

In the first quarter of fiscal year 2026, Orange S.A. reported a revenue of €40.4 billion, reflecting a modest growth of 0.9% year-over-year, while EBITDA increased by 3.8% to €12.5 billion. The company raised its EBITDA growth guidance for 2026 to over 3%, up from an initial target of around 3%. Despite a decline in net income to €1.1 billion due to nonrecurring items, management expressed confidence in the growth potential driven by strong performance in Africa and the Middle East, alongside strategic consolidation efforts in Europe, particularly the acquisition of SFR. This positive outlook may catalyze stock movement as investors react to the strengthened guidance and ongoing strategic initiatives.

Reported metrics

Guidance from management

Management has raised its EBITDA growth guidance for 2026 to over 3%, citing strong performance in Africa and the Middle East as key growth drivers. They also confirmed plans to increase the dividend to €0.79 per share for 2026.

What management said

Time is up. Now we have 99.94% in favor. Therefore, this is the resolution #22 is carried. Therefore, Mr. Sébastien Crozier will terminate his mandate for Ms. [indiscernible] Resolution #23, appointment of the director representing employee shareholders, Mrs. Nadia Zak Calvet and the replacement is none. You can vote now. [Voting]

No, no, I'm sorry. I'm awfully sorry. That's true. We have an alternative resolution that is amendment to Resolution #15 to proceed with the free allocation of shares to all staff or reserved employee share offer. We have to start voting on this. I am so sorry. [Voting]

What analysts pressed on

Analysts expressed concerns regarding the decline in net income and the impact of nonrecurring items on overall profitability. There were also questions about the sustainability of revenue growth in the face of increasing competition and market saturation, particularly in Europe.

Main topics on the call

• Revenue Growth — Orange reported revenues of €40.4 billion, a 0.9% increase year-over-year. Management noted, 'This shows the relevance of our model, which is resilient and focused on creating sustainable value.'
• EBITDA Improvement — EBITDA rose to €12.5 billion, up 3.8% year-over-year, with a margin increase of 0.9 points. This was attributed to efficiency plans and strong growth in Africa and the Middle East.
• Net Income Decline — Net income fell to €1.1 billion from €2.9 billion in 2024, impacted by nonrecurring items. CFO Laurent Martinez stated, 'This performance was driven by record growth in Africa and the Middle East.'
• Guidance Update — Management raised 2026 EBITDA growth guidance to over 3%, indicating confidence in ongoing strategic initiatives. 'We confirm these targets in the event of the reconsolidation of MASORANGE,' stated CFO Martinez.

Read the full Orange S.A. transcript (May 19, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 119 Orange S.A. earnings call transcripts on record, spanning February 12, 2020 to July 28, 2026. Based on this history, Orange S.A. reports quarterly. The most recent call on file is dated July 28, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

ORA

Exchange

ENXTPA

Country

FR

Sector

Communication Services

Industry

Diversified Telecommunication Services

Calls on record

119

First call

February 12, 2020

Most recent

July 28, 2026

Reporting cadence

quarterly