diff --git a/python/packages/core/agent_framework/observability.py b/python/packages/core/agent_framework/observability.py
index d7734f2457..1654799d87 100644
--- a/python/packages/core/agent_framework/observability.py
+++ b/python/packages/core/agent_framework/observability.py
@@ -498,14 +498,34 @@ def _get_exporters_from_env(
     # Get base endpoint
     base_endpoint = os.getenv("OTEL_EXPORTER_OTLP_ENDPOINT")
 
-    # Get signal-specific endpoints (these override base endpoint)
-    traces_endpoint = os.getenv("OTEL_EXPORTER_OTLP_TRACES_ENDPOINT") or base_endpoint
-    metrics_endpoint = os.getenv("OTEL_EXPORTER_OTLP_METRICS_ENDPOINT") or base_endpoint
-    logs_endpoint = os.getenv("OTEL_EXPORTER_OTLP_LOGS_ENDPOINT") or base_endpoint
+    # Get signal-specific endpoints (these override base endpoint and are used verbatim)
+    traces_endpoint_specific = os.getenv("OTEL_EXPORTER_OTLP_TRACES_ENDPOINT")
+    metrics_endpoint_specific = os.getenv("OTEL_EXPORTER_OTLP_METRICS_ENDPOINT")
+    logs_endpoint_specific = os.getenv("OTEL_EXPORTER_OTLP_LOGS_ENDPOINT")
 
     # Get protocol (default is grpc)
     protocol = os.getenv("OTEL_EXPORTER_OTLP_PROTOCOL", "grpc").lower()
 
+    # Per the OTel spec, OTEL_EXPORTER_OTLP_ENDPOINT is a *base* URL for HTTP — the SDK
+    # auto-appends /v1/{traces,metrics,logs} when it reads the env var directly. The
+    # signal-specific endpoint env vars are *full* URLs used verbatim. Because we read
+    # the env vars here and forward them as the ``endpoint=`` constructor argument
+    # (which the SDK always treats as a full URL), we must replicate the auto-append
+    # ourselves for HTTP when falling back to the base endpoint. For gRPC, the base
+    # endpoint is used as-is.
+    traces_endpoint: str | None
+    metrics_endpoint: str | None
+    logs_endpoint: str | None
+    if protocol in ("http/protobuf", "http") and base_endpoint:
+        base_for_http = base_endpoint.rstrip("/")
+        traces_endpoint = traces_endpoint_specific or f"{base_for_http}/v1/traces"
+        metrics_endpoint = metrics_endpoint_specific or f"{base_for_http}/v1/metrics"
+        logs_endpoint = logs_endpoint_specific or f"{base_for_http}/v1/logs"
+    else:
+        traces_endpoint = traces_endpoint_specific or base_endpoint
+        metrics_endpoint = metrics_endpoint_specific or base_endpoint
+        logs_endpoint = logs_endpoint_specific or base_endpoint
+
     # Get base headers
     base_headers_str = os.getenv("OTEL_EXPORTER_OTLP_HEADERS", "")
     base_headers = _parse_headers(base_headers_str)
diff --git a/python/packages/core/tests/core/test_observability.py b/python/packages/core/tests/core/test_observability.py
index 372cb8a7dd..94d4ee3bad 100644
--- a/python/packages/core/tests/core/test_observability.py
+++ b/python/packages/core/tests/core/test_observability.py
@@ -761,6 +761,115 @@ def test_get_exporters_from_env_missing_grpc_dependency(monkeypatch):
         _get_exporters_from_env()
 
 
+# region Test OTLP endpoint computation (base-URL auto-append for HTTP)
+
+
+def test_get_exporters_from_env_http_base_endpoint_appends_signal_paths(monkeypatch):
+    """OTEL_EXPORTER_OTLP_ENDPOINT is a base URL for HTTP; SDK auto-appends
+    /v1/{traces,metrics,logs}. Because we read the env var and forward it as the
+    constructor ``endpoint=`` arg (which the SDK treats as a full URL), we must
+    replicate the auto-append ourselves.
+    """
+    from unittest.mock import patch
+
+    from agent_framework import observability
+
+    monkeypatch.setenv("OTEL_EXPORTER_OTLP_ENDPOINT", "http://localhost:4318")
+    monkeypatch.setenv("OTEL_EXPORTER_OTLP_PROTOCOL", "http/protobuf")
+    for key in (
+        "OTEL_EXPORTER_OTLP_TRACES_ENDPOINT",
+        "OTEL_EXPORTER_OTLP_METRICS_ENDPOINT",
+        "OTEL_EXPORTER_OTLP_LOGS_ENDPOINT",
+    ):
+        monkeypatch.delenv(key, raising=False)
+
+    with patch.object(observability, "_create_otlp_exporters", return_value=[]) as create:
+        observability._get_exporters_from_env()
+
+    kwargs = create.call_args.kwargs
+    assert kwargs["protocol"] == "http/protobuf"
+    assert kwargs["traces_endpoint"] == "http://localhost:4318/v1/traces"
+    assert kwargs["metrics_endpoint"] == "http://localhost:4318/v1/metrics"
+    assert kwargs["logs_endpoint"] == "http://localhost:4318/v1/logs"
+
+
+def test_get_exporters_from_env_http_base_endpoint_trailing_slash(monkeypatch):
+    """A trailing slash on the base endpoint should not produce a doubled slash."""
+    from unittest.mock import patch
+
+    from agent_framework import observability
+
+    monkeypatch.setenv("OTEL_EXPORTER_OTLP_ENDPOINT", "http://localhost:4318/")
+    monkeypatch.setenv("OTEL_EXPORTER_OTLP_PROTOCOL", "http/protobuf")
+    for key in (
+        "OTEL_EXPORTER_OTLP_TRACES_ENDPOINT",
+        "OTEL_EXPORTER_OTLP_METRICS_ENDPOINT",
+        "OTEL_EXPORTER_OTLP_LOGS_ENDPOINT",
+    ):
+        monkeypatch.delenv(key, raising=False)
+
+    with patch.object(observability, "_create_otlp_exporters", return_value=[]) as create:
+        observability._get_exporters_from_env()
+
+    kwargs = create.call_args.kwargs
+    assert kwargs["traces_endpoint"] == "http://localhost:4318/v1/traces"
+    assert kwargs["metrics_endpoint"] == "http://localhost:4318/v1/metrics"
+    assert kwargs["logs_endpoint"] == "http://localhost:4318/v1/logs"
+
+
+def test_get_exporters_from_env_http_signal_specific_used_verbatim(monkeypatch):
+    """Signal-specific endpoint env vars are full URLs and must be used verbatim,
+    even when a base endpoint is also set.
+    """
+    from unittest.mock import patch
+
+    from agent_framework import observability
+
+    monkeypatch.setenv("OTEL_EXPORTER_OTLP_ENDPOINT", "http://localhost:4318")
+    monkeypatch.setenv("OTEL_EXPORTER_OTLP_TRACES_ENDPOINT", "http://traces.example.com/custom/path")
+    monkeypatch.setenv("OTEL_EXPORTER_OTLP_PROTOCOL", "http/protobuf")
+    for key in (
+        "OTEL_EXPORTER_OTLP_METRICS_ENDPOINT",
+        "OTEL_EXPORTER_OTLP_LOGS_ENDPOINT",
+    ):
+        monkeypatch.delenv(key, raising=False)
+
+    with patch.object(observability, "_create_otlp_exporters", return_value=[]) as create:
+        observability._get_exporters_from_env()
+
+    kwargs = create.call_args.kwargs
+    # Signal-specific is verbatim — no path appended
+    assert kwargs["traces_endpoint"] == "http://traces.example.com/custom/path"
+    # Others fall back to base, with path appended
+    assert kwargs["metrics_endpoint"] == "http://localhost:4318/v1/metrics"
+    assert kwargs["logs_endpoint"] == "http://localhost:4318/v1/logs"
+
+
+def test_get_exporters_from_env_grpc_base_endpoint_unchanged(monkeypatch):
+    """For gRPC, the base endpoint applies to all signals as-is (no path append)."""
+    from unittest.mock import patch
+
+    from agent_framework import observability
+
+    monkeypatch.setenv("OTEL_EXPORTER_OTLP_ENDPOINT", "http://localhost:4317")
+    monkeypatch.setenv("OTEL_EXPORTER_OTLP_PROTOCOL", "grpc")
+    for key in (
+        "OTEL_EXPORTER_OTLP_TRACES_ENDPOINT",
+        "OTEL_EXPORTER_OTLP_METRICS_ENDPOINT",
+        "OTEL_EXPORTER_OTLP_LOGS_ENDPOINT",
+    ):
+        monkeypatch.delenv(key, raising=False)
+
+    with patch.object(observability, "_create_otlp_exporters", return_value=[]) as create:
+        observability._get_exporters_from_env()
+
+    kwargs = create.call_args.kwargs
+    assert kwargs["protocol"] == "grpc"
+    assert kwargs["traces_endpoint"] == "http://localhost:4317"
+    assert kwargs["metrics_endpoint"] == "http://localhost:4317"
+    assert kwargs["logs_endpoint"] == "http://localhost:4317"
+
+
 # region Test create_resource