SAP posts record €10 billion Q3 revenue and lifts 2026 cloud outlook
SAP SE reported third‑quarter 2026 total revenue of €10.27 billion, the first time it has exceeded €10 billion in a quarter. Cloud backlog grew 28% year‑on‑year on a reported basis (up 26% in constant currencies) and cloud revenue rose 26% reported (up 25% in constant currencies). The company raised its 2026 cloud revenue guidance to the upper end of the €25.8‑26.2 billion range (constant currencies) and its cloud‑and‑software revenue guidance to the upper end of €36.3‑36.8 billion (constant currencies). CEO Christian Klein highlighted AI‑driven cloud demand and CFO Dominik Asam noted the strong operating profit of €3.03 billion (non‑IFRS).

