---
title: "Orange lifts outlook on record H1 growth and bold European consolidation moves"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294017357.md"
description: "Orange SA reported record H1 2026 results, with revenue up 3.5% to €20.9 billion and adjusted net income rising 11.8%. Driven by strong performance in Africa, the Middle East, and Europe, the company raised its full-year EBITDAaL and organic cash flow guidance. This outlook improvement follows European consolidation moves, including full control of MasOrange and a joint acquisition plan for SFR, alongside strategic infrastructure investments."
datetime: "2026-07-28T06:04:47.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294017357.md)
  - [en](https://longbridge.com/en/news/294017357.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294017357.md)
generator: "portal-rs"
---

# Orange lifts outlook on record H1 growth and bold European consolidation moves

The latest announcement is out from ORANGE SA ( (FR:ORA) ).

Orange SA reported record first-half 2026 performance, with revenue up 3.5% to €20.9 billion and EBITDAaL up 5%, driven by double-digit growth in Africa and the Middle East and solid gains in France and Europe. Organic cash flow climbed to €2.2 billion and adjusted net income rose 11.8%, although net financial debt increased to €35.7 billion following the full consolidation of Spanish operator MasOrange.

The group raised its full-year guidance for EBITDAaL and organic cash flow as it executes its “Trust the future” plan, underpinned by European consolidation moves including taking full control of MasOrange and signing a memorandum of understanding to jointly acquire French rival SFR. Orange also advanced its infrastructure strategy with a data center joint venture with Morrison and the €1.3 billion acquisition of Scorefit to support France’s copper-to-fiber transition, reinforcing its leadership in key markets while committing to disciplined investment and sustainable value creation. 

The most recent analyst rating on (FR:ORA) stock is a Buy  
 with a EUR20.20 price target.  
 To see the full list of analyst forecasts on ORANGE SA stock,  
 see the FR:ORA Stock Forecast page. 

**More about ORANGE SA**

Orange SA is a major European telecommunications group providing mobile, fixed-line, broadband and convergent services across France, Spain, wider Europe and fast-growing Africa and Middle East markets. The company is increasingly focused on fiber, data centers and digital infrastructure, positioning itself as a leading operator in both mature and emerging telecom markets.

**Average Trading Volume:** 4,373,600

**Technical Sentiment Signal:** Strong Buy

**Current Market Cap:** €42.97B

See more data about ORA stock on TipRanks’ Stock Analysis page.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**