Q1 26 EPS
$N/A
Est. $1.92
Q1 26 Revenue
N/A
Est. $9.55B
Did SAP Beat Earnings? Q1 2026 Results
SAP SE delivered a solid start to fiscal 2026, with first-quarter revenue climbing 6% to €9.56 billion against a consensus estimate of $9.55 billion, as accelerating cloud growth carried much of the weight. Cloud revenue surged 19% to €5.96 billion, … Read more SAP SE delivered a solid start to fiscal 2026, with first-quarter revenue climbing 6% to €9.56 billion against a consensus estimate of $9.55 billion, as accelerating cloud growth carried much of the weight. Cloud revenue surged 19% to €5.96 billion, underscoring how far the German enterprise software giant has progressed in its shift away from traditional on-premise licensing. IFRS operating profit rose 17% to €2.74 billion, even as free cash flow dipped 9% to €3.25 billion, weighed down by a €408 million Teradata litigation settlement. Analysts had penciled in earnings of $1.92 per share for the quarter, and the strong cloud momentum provided a firm foundation for those expectations. Beyond the income statement, SAP's annual meeting materials signal confidence in its financial position, with the company proposing a €2.50 per share dividend backed by €12.73 billion in retained earnings. Strategic AI acquisitions and a new Google Cloud partnership have drawn analyst attention, with at least one firm maintaining a buy rating and a price target of €190.
SAP Revenue by Segment
With YoY comparisons, source: SEC Filings
SAP Revenue by Geography
With YoY comparisons, source: SEC Filings
SAP Earnings Trends
SAP vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
SAP EPS Trend
Earnings per share: estimate vs actual
SAP Revenue Trend
Quarterly revenue: estimate vs actual
SAP Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 MISS | $1.92 | $1.72 | -10.37% | $9.56B | +0.00% |
| Q1 26 | $1.92 | — | — | — | — |
| Q3 25 MISS | $1.74 | $1.59 | -8.67% | $9.08B | -0.11% |
| Q2 25 MISS | $1.67 | $1.50 | -10.41% | $9.03B | -0.81% |
| Q1 25 BEAT | $1.44 | $1.44 | +0.18% | $9.01B | -0.67% |
| Q4 24 MISS FY | $1.49 | $1.40 | -6.34% | $9.38B | +2.56% |
| FY Full Year | — | $4.53 | — | $34.18B | — |