OVHcloud has 250MW of data center capacity in total, according to its chairman and CEO.

Speaking during the company's annual earnings call, Octave Klaba said that of the 250MW, 140MW is operational, meaning the remaining 110MW is available. Klaba said: "That is what we will use to accelerate our growth."

Capex for OVH for fiscal year 2026 was €422 million ($474.35m), though this includes €49.5m ($55.64m) that is capex prefinanced for 2027. When considering this, capex exclusively for 2026 deployment was €372.9m ($419.16m) and 32.6 percent of revenue, up from €361.4m ($406.23m) in 2025, an incremental increase of just 3.2 percent.

Compared to other cloud providers - both hyperscale and neocloud - this is a much more conservative approach to the data center and AI buildout. Klaba noted this, calling 2026 "a year of discipline."

He said: "We managed our inventory and capex very closely while keeping operating costs under control."

Hardware costs in 2026 contributed €242m ($272m), or 21 percent of revenue, according to interim CFO Julien Rabette, which was broadly stable.

Rabette explained this as: "Two effects offset each other. First, a volume tailwind: we assembled fewer servers. Second, a price headwind: each server costing more because of component inflation. The strict capex discipline was possible thanks to our integrated model, maximizing existing assets and the front-loading of the capex."

While to date OVH has seemed more hesitant towards mass AI deployment, CEO Klaba said that in part this was because: "We didn't think that there was a lot of demand for GPUs three or four years ago. We saw competitors that invested in GPUs, and they didn't sell them in Europe, so I was a little bit cautious about the use of capex."

He added, however, that he believes the demand is now there, but that he wanted proof.

"The second is that the old GPUs, the H100s, didn’t have a lot of performance. When you have this new generation of GPUs, B300 and R200, we are talking about something different, really, a magnitude of performance more. That makes sense for the customers, and we saw that it makes sense for us, for inference, for training. Because of the reduction in cost and the [increase in] productivity of the capex, it’s huge. You reduce more than 20 times the cost of the same performance over just three or four years."

That said, Klaba was unwilling to provide guidance on 2027 capex, stating that it remains too variable based on customer demand, which would drive spend up, and component pricing, which could lead to a more cautious approach.

Speaking further on 2027, Klaba noted that the company has "a very good relationship with our suppliers on the RAM, hard disk, but also CPUs, GPUs, et cetera. We have continuity of the supply chain. We do not have issues delivering our growth in FY 2027." He further noted that the company has increased its prices in a "moderated way and mutualized way," and will do so again in the coming months, though declined to provide exact numbers.

Revenue for 2026 was €1.145bn ($1.29bn), up 5.6 percent Year-on-Year (YoY) from €1.08bn ($1.22bn). EBITDA was €480.5m ($539.54m), up from €437.8m ($492.11m) and up 1.6 percentage points YoY. Gross margin was 67.3 percent.

The company has also restructured its reporting segments to be split between digital starters, digital scalers, and corporates, with corporates being the largest customers. Digital starters accounted for 49 percent of revenue, scalers 31 percent, and corporates 19 percent.

Per product segment, private cloud remains OVH's largest revenue driver, bringing in €690.4m ($776.04m) for the year, or 60.3 percent of revenue.

OVH has more than 40 core data centers in operation and under construction in France, Canada, the US, Australia, Germany, Poland, Singapore, India, Italy, and the UK. These are a mix of self-built and leased locations. The company has also deployed more than a dozen Local Zone Edge locations at third-party facilities globally.