- SAP reported Q3 2026 current cloud backlog of €24.14 billion, up 26% at constant currencies, ahead of the 24% to 25% growth UBS had forecast.
- SAP reported Q3 total revenue of €10.27 billion versus analyst estimates of €10.10 billion, and non-IFRS EPS of €1.89 versus €1.83 expected.
- SAP crossed €10 billion in total quarterly revenue for the first time, and cloud revenue rose 26% to €6.67 billion.
- SAP now expects FY26 subscription revenue toward the top of its €25.8 billion to €26.2 billion range, and total revenue of €36.3 billion to €36.8 billion, up 12% to 13%.
- SAP kept its FY26 operating profit outlook of €11.8 billion to €12.2 billion at constant currencies.
Quotes
“Q3 was an outstanding quarter, with current cloud backlog up 26% at constant currencies.”
“For the first time, SAP crossed €10 billion in total quarterly revenue and €3 billion of non-IFRS operating profit”