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SAP SE Earnings Calls
| Release date | Apr 23, 2026 |
| EPS estimate | $1.92 |
| EPS actual | $2.01 |
| EPS Surprise | 4.69% |
| Revenue estimate | 11.193B |
| Revenue actual | 11.185B |
| Revenue Surprise | -0.0681% |
| Release date | Jan 29, 2026 |
| EPS estimate | $1.77 |
| EPS actual | $1.89 |
| EPS Surprise | 6.78% |
| Revenue estimate | 11.392B |
| Revenue actual | 11.553B |
| Revenue Surprise | 1.41% |
| Release date | Oct 22, 2025 |
| EPS estimate | $1.69 |
| EPS actual | $1.86 |
| EPS Surprise | 10.06% |
| Revenue estimate | 9.769B |
| Revenue actual | 10.63B |
| Revenue Surprise | 8.82% |
| Release date | Jul 22, 2025 |
| EPS estimate | $1.63 |
| EPS actual | $1.70 |
| EPS Surprise | 4.29% |
| Revenue estimate | 9.238B |
| Revenue actual | 10.629B |
| Revenue Surprise | 15.05% |
Last 4 Quarters for SAP SE
Below you can see how SAP performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Jul 22, 2025 |
| Price on release | $306.29 |
| EPS estimate | $1.63 |
| EPS actual | $1.70 |
| EPS surprise | 4.29% |
| Date | Price |
|---|---|
| Jul 16, 2025 | $306.02 |
| Jul 17, 2025 | $308.61 |
| Jul 18, 2025 | $305.97 |
| Jul 21, 2025 | $307.27 |
| Jul 22, 2025 | $306.29 |
| Jul 23, 2025 | $290.63 |
| Jul 24, 2025 | $286.16 |
| Jul 25, 2025 | $288.03 |
| Jul 28, 2025 | $282.38 |
| 4 days before | 0.0882% |
| 4 days after | -7.81% |
| On release day | -5.11% |
| Change in period | -7.72% |
| Release date | Oct 22, 2025 |
| Price on release | $276.22 |
| EPS estimate | $1.69 |
| EPS actual | $1.86 |
| EPS surprise | 10.06% |
| Date | Price |
|---|---|
| Oct 16, 2025 | $269.74 |
| Oct 17, 2025 | $272.90 |
| Oct 20, 2025 | $277.91 |
| Oct 21, 2025 | $280.46 |
| Oct 22, 2025 | $276.22 |
| Oct 23, 2025 | $278.53 |
| Oct 24, 2025 | $269.55 |
| Oct 27, 2025 | $272.16 |
| Oct 28, 2025 | $270.06 |
| 4 days before | 2.40% |
| 4 days after | -2.23% |
| On release day | 0.84% |
| Change in period | 0.119% |
| Release date | Jan 29, 2026 |
| Price on release | $200.21 |
| EPS estimate | $1.77 |
| EPS actual | $1.89 |
| EPS surprise | 6.78% |
| Date | Price |
|---|---|
| Jan 23, 2026 | $231.07 |
| Jan 26, 2026 | $239.92 |
| Jan 27, 2026 | $233.94 |
| Jan 28, 2026 | $236.11 |
| Jan 29, 2026 | $200.21 |
| Jan 30, 2026 | $201.04 |
| Feb 02, 2026 | $207.23 |
| Feb 03, 2026 | $197.29 |
| Feb 04, 2026 | $199.68 |
| 4 days before | -13.36% |
| 4 days after | -0.265% |
| On release day | 0.415% |
| Change in period | -13.58% |
| Release date | Apr 23, 2026 |
| Price on release | $163.25 |
| EPS estimate | $1.92 |
| EPS actual | $2.01 |
| EPS surprise | 4.69% |
| Date | Price |
|---|---|
| Apr 17, 2026 | $181.22 |
| Apr 20, 2026 | $178.94 |
| Apr 21, 2026 | $176.44 |
| Apr 22, 2026 | $174.02 |
| Apr 23, 2026 | $163.25 |
| Apr 24, 2026 | $175.23 |
| Apr 27, 2026 | $173.44 |
| Apr 28, 2026 | $173.53 |
| Apr 29, 2026 | $170.10 |
| 4 days before | -9.92% |
| 4 days after | 4.20% |
| On release day | 7.34% |
| Change in period | -6.14% |
SAP SE Earnings Call Transcript Summary of Q1 2026
Q1 2026 highlights: SAP delivered a strong quarter despite geopolitical uncertainty, with total revenue up 12% to €9.6bn, cloud revenue up 27% (approaching €6bn), and current cloud backlog (CCB) up 25% to €21.9bn. Operating margin improved to 30% and non-IFRS operating profit rose 24% to €2.9bn. Cloud ERP Suite revenue grew 30% and accounted for most cloud growth. Public cloud order entry accelerated (over 70% of quarterly volume) and indirect channel momentum strengthened (almost 30% of order entry). SAP emphasized Business AI, Business Data Cloud (BDC) and sovereign cloud as strategic priorities, and gave numerous customer AI use cases showing measurable ROI today while noting large-scale enterprise AI adoption is still early and requires strong data/ontology work. Management reiterated full-year 2026 guidance but flagged heightened uncertainty from the Middle East conflict, noting possible localized firefighting and booking delays; they expect a slight deceleration in CCB growth over the year and said the Reltio acquisition is expected to contribute but only marginally to 2026 revenue. SAP targets roughly €2bn run-rate efficiencies by end of 2028 driven by internal AI adoption and productivity gains. Management stressed the consumption-based revenue mix will grow gradually (not a disruptive shift), that less than 40% of 2025 cloud revenue was user-seat based, and that SAP’s deep process/domain IP positions it to govern and scale enterprise AI. Risks: further escalation (e.g., prolonged Strait of Hormuz closure) could materially impact supply chains, customer investment behavior, and the ability to meet guidance.
