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SAP SE Earnings Calls
| Release date | Apr 23, 2026 |
| EPS estimate | $1.90 |
| EPS actual | $1.99 |
| EPS Surprise | 4.74% |
| Revenue estimate | 11.043B |
| Revenue actual | 11.04B |
| Revenue Surprise | -0.0266% |
| Release date | Jan 29, 2026 |
| EPS estimate | $1.77 |
| EPS actual | $1.90 |
| EPS Surprise | 7.34% |
| Revenue estimate | 11.449B |
| Revenue actual | 11.374B |
| Revenue Surprise | -0.651% |
| Release date | Oct 22, 2025 |
| EPS estimate | $1.75 |
| EPS actual | $1.99 |
| EPS Surprise | 13.71% |
| Revenue estimate | 9.769B |
| Revenue actual | 10.63B |
| Revenue Surprise | 8.82% |
| Release date | Jul 22, 2025 |
| EPS estimate | $1.69 |
| EPS actual | $1.70 |
| EPS Surprise | 0.592% |
| Revenue estimate | 9.238B |
| Revenue actual | 10.629B |
| Revenue Surprise | 15.05% |
Last 4 Quarters for SAP SE
Below you can see how SAPGF 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 | $306.31 |
| EPS estimate | $1.69 |
| EPS actual | $1.70 |
| EPS surprise | 0.592% |
| Date | Price |
|---|---|
| Jul 16, 2025 | $305.54 |
| Jul 17, 2025 | $308.25 |
| Jul 18, 2025 | $306.89 |
| Jul 21, 2025 | $306.90 |
| Jul 22, 2025 | $306.31 |
| Jul 23, 2025 | $292.36 |
| Jul 24, 2025 | $289.00 |
| Jul 25, 2025 | $287.36 |
| Jul 28, 2025 | $283.13 |
| 4 days before | 0.252% |
| 4 days after | -7.57% |
| On release day | -4.55% |
| Change in period | -7.33% |
| Release date | Oct 22, 2025 |
| Price on release | $273.52 |
| EPS estimate | $1.75 |
| EPS actual | $1.99 |
| EPS surprise | 13.71% |
| Date | Price |
|---|---|
| Oct 16, 2025 | $268.10 |
| Oct 17, 2025 | $271.19 |
| Oct 20, 2025 | $276.66 |
| Oct 21, 2025 | $280.00 |
| Oct 22, 2025 | $273.52 |
| Oct 23, 2025 | $277.65 |
| Oct 24, 2025 | $269.21 |
| Oct 27, 2025 | $273.00 |
| Oct 28, 2025 | $270.00 |
| 4 days before | 2.02% |
| 4 days after | -1.29% |
| On release day | 1.51% |
| Change in period | 0.709% |
| Release date | Jan 29, 2026 |
| Price on release | $200.00 |
| EPS estimate | $1.77 |
| EPS actual | $1.90 |
| EPS surprise | 7.34% |
| Date | Price |
|---|---|
| Jan 23, 2026 | $231.97 |
| Jan 26, 2026 | $240.00 |
| Jan 27, 2026 | $233.48 |
| Jan 28, 2026 | $233.31 |
| Jan 29, 2026 | $200.00 |
| Jan 30, 2026 | $202.00 |
| Feb 02, 2026 | $207.49 |
| Feb 03, 2026 | $195.70 |
| Feb 04, 2026 | $199.50 |
| 4 days before | -13.78% |
| 4 days after | -0.250% |
| On release day | 1.00% |
| Change in period | -14.00% |
| Release date | Apr 23, 2026 |
| Price on release | $161.94 |
| EPS estimate | $1.90 |
| EPS actual | $1.99 |
| EPS surprise | 4.74% |
| Date | Price |
|---|---|
| Apr 17, 2026 | $178.53 |
| Apr 20, 2026 | $179.52 |
| Apr 21, 2026 | $175.14 |
| Apr 22, 2026 | $174.32 |
| Apr 23, 2026 | $161.94 |
| Apr 24, 2026 | $174.37 |
| Apr 27, 2026 | $173.23 |
| Apr 28, 2026 | $172.90 |
| Apr 29, 2026 | $167.75 |
| 4 days before | -9.29% |
| 4 days after | 3.58% |
| On release day | 7.67% |
| Change in period | -6.04% |
SAP SE Earnings Call Transcript Summary of Q1 2026
SAP delivered a strong Q1 2026: total revenue was €9.6bn (up 12%) with cloud revenue up 27% and current cloud backlog (CCB) rising 25% to €21.9bn. Cloud ERP Suite drove much of the cloud growth (30%) and public cloud order entry represented >70% of quarterly volume. Operating margin improved to ~30% and non-IFRS operating profit rose 24% to €2.9bn; free cash flow was €3.2bn. Management emphasized continued cost discipline, partner-led growth (indirect channel acceleration), and productivity gains from internal AI adoption with a target of ~€2bn run-rate efficiencies by end-2028. Business AI and the Business Data Cloud are core strategic priorities: SAP highlighted customer AI use cases that deliver material value today but stressed that large-scale, mission-critical agentic AI adoption remains early and requires deep domain ontologies and governance. Management intends to announce foundational AI/agent/portfolio changes at Sapphire to infuse SAP’s domain knowledge into AI agents. The company reiterated full-year 2026 guidance, but flagged meaningful downside risk from the ongoing Middle East conflict (specifically disruption if the Strait of Hormuz remains closed) and noted a likely slight deceleration in CCB and cloud-growth momentum in the near term. The Reltio acquisition (customer-data/master-data governance) is expected to close imminently and was referenced as a partial cushion for guidance. Services revenue showed pressure (partly due to adoption of migration tools and selective investment in adoption support), while migration and AI tooling are reducing migration time/costs and increasing partner/customer demand.
