SAP Shares Climb After Mixed Q1 Report: Details - SAP (NYSE:SAP)
Cloud revenue climbed 19% and non-IFRS operating profit rose 17%, while SAP kept its full-year outlook despite a slight revenue miss.
- Europe's largest software maker SAP reported Q1 2026 financial results yesterday, with cloud revenue surging 19% to €5.96 billion, exceeding analysts' estimates and driving a 17% increase in first-quarter profit.
- Cloud ERP Suite revenue rose 23% as organizations increasingly rely on SAP's software for business-critical operations spanning finance, procurement, and supply chain management. Total revenue grew 6% to €9.56 billion, slightly above consensus estimates of €9.53 billion.
- Quarterly earnings reached $2.01 per share, beating the $1.92 consensus estimate by 4.69%, according to Benzinga Pro data. Non-IFRS operating profits climbed to €2.87 billion from €2.46 billion, ahead of expectations for €2.71 billion.
- CEO Christian Klein said, "We had a strong start to the year," citing 25% growth in current cloud backlog and 27% higher cloud revenue at constant currencies. CFO Dominik Asam noted disciplined execution in managing costs amid macroeconomic uncertainty.
- SAP's Annual General Meeting is scheduled for May 5, 2026, followed by a financial analyst conference on May 13th in conjunction with SAP Sapphire & ASUG Annual Conference Orlando. The company maintains a share repurchase program authorized for up to €10 billion through December 31, 2027.
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Company recorded net profit of 2 billion euros in the first quarter, before 1.68 billion euros in the same period of 2025, after reaching high of 12% in revenues, to almost 9.56 billion euros
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