- SAP agreed to acquire TechWolf, an AI work-intelligence software provider, with closing expected in Q4 2026.
- SAP confirmed repurchases of 8,995,886 shares in 2026 through October 9 under its capital return program.
- Q2 cloud revenue was €6.281B versus €5.130B year over year, with cloud backlog at €22.929B.
- SAP reports Q3 2026 results on October 21; investors are watching cloud growth and backlog.
- TD Cowen raised its 12-month SAP price target to $250 and kept a Buy rating, with shares near $224.33.
- Seeking Alpha rates SAP a Hold at almost 27x forward earnings ahead of Q3 results.
Quotes
“they do not inherently establish immediate revenue”
“execution is the main risk”
“reported strong Q2 cloud revenue and margins”