SAP SE (NYSE:SAP) posted its second-quarter results after Thursday’s closing bell, missing analyst estimates on the top and bottom lines. Here’s a look at the key figures from the quarter.
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SAP Q2 Details
SAP reported quarterly earnings of $1.85 per share, which missed the consensus estimate of $2.01 by 7.96%, according to Benzinga Pro data.
Quarterly revenue came in at $11.48 billion, which just missed the Street estimate of $11.49 billion and was up from $10.24 billion in the same period last year.
SAP reported the following second quarter highlights:
- Current cloud backlog of €22.9 billion ($26,053,559,000), up 27% and up 26% at constant currencies
- Cloud revenue up 22% and up 24% at constant currencies
- Cloud ERP Suite revenue up 25% and up 27% at constant currencies
- Total revenue up 9% and up 11% at constant currencies
- IFRS operating profit up 8%, non-IFRS operating profit up 7% and up 9% at constant currencies
- 2026 non-IFRS operating profit outlook updated to reflect dilutive impact from Dremio and Prior Labs acquisitions
“We delivered another quarter of strong current cloud backlog growth, up 26% at constant currencies. This performance is underpinned by our Autonomous Enterprise strategy with strong momentum across our Autonomous Suite as well as our Business AI Platform,” said CEO Christian Klein.
Looking Ahead
SAP expects sees constant currencies total revenue growth in 2026 to remain at similar levels as in 2025 (10.6%) and to accelerate in 2027.
SAP Stock Price Activity: According to data from Benzinga Pro, SAP stock was up 1.52% to $148.60 in Thursday’s extended trading.
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