SAP reports record €10 billion quarterly revenue driven by cloud growth

SAP cloud computing quarterly earnings enterprise software artificial intelligence

SAP has achieved a historic milestone, surpassing €10 billion in quarterly revenue for the first time. The company reported a 13% year-on-year increase in total revenue, reaching €10.27 billion, and a 26% rise in cloud revenue to €6.67 billion.

Key financial indicators exceeded market expectations, including a non-IFRS operating profit of €3.03 billion, an 18% increase from the previous year. The current cloud backlog grew by 26% at constant currencies to €24.14 billion, serving as a critical indicator for future performance.

Following these results, SAP raised its 2026 cloud revenue outlook to the upper end of its previous guidance, targeting a range of €25.8 billion to €26.2 billion. While the company highlighted the success of its 'Autonomous Enterprise' strategy and AI integration through its Joule platform, management expressed caution regarding macroeconomic uncertainties and potential headwinds in the fourth quarter.

Entities

Christian Klein · Diana David · Dominik Asam · JPMorgan · Romania · SAP SE · Timișoara · Walldorf

Claims

What the coverage asserts, and how many sources carry each claim.

[● 5 SOURCES] SAP raised its 2026 cloud revenue outlook to the upper end of the €25.8 billion to €26.2 billion range. srnnews.com · www.constellationr.com · www.drweb.de · www.finanzen.ch · news.sap.com
[● 7 SOURCES] Non-IFRS operating profit rose 18% to €3.03 billion. srnnews.com · www.constellationr.com · www.drweb.de · www.finanzen.ch · news.sap.com
[● 2 SOURCES] Cloud revenue growth was partially impacted by a multi-quarter revenue catch-up from customers returning from financial distress. www.constellationr.com · www.finanzen.ch
[● 6 SOURCES] SAP's third-quarter revenue reached €10.27 billion. srnnews.com · www.constellationr.com · www.drweb.de · news.sap.com
[● 4 SOURCES] The company expects 2026 adjusted operating profit to be between €11.8 billion and €12.2 billion. srnnews.com · www.drweb.de · www.finanzen.ch · news.sap.com
[● 6 SOURCES] The current cloud backlog reached €24.14 billion. srnnews.com · news.sap.com
[● 2 SOURCES] SAP expects to reach approximately €10 billion in free cash flow for 2026. www.constellationr.com · www.ftd.de
[● 9 SOURCES] Cloud revenue grew 26% to €6.67 billion in Q3. srnnews.com · www.constellationr.com · www.drweb.de · www.finanzen.ch · news.sap.com