SAP SE announced its financial results for the second quarter and half year 2026.
At a glance
- Current cloud backlog of €22.9 billion, up 27% and up 26% at constant currencies
- Cloud revenue up 22% and up 24% at constant currencies
- Cloud ERP Suite revenue up 25% and up 27% at constant currencies
- Total revenue up 9% and up 11% at constant currencies
- IFRS operating profit up 8%, non-IFRS operating profit up 7% and up 9% at constant currencies
- 2026 non-IFRS operating profit outlook updated to reflect dilutive impact from Dremio and Prior Labs acquisitions
Christian Klein, CEO:
“We delivered another quarter of strong current cloud backlog growth, up 26% at constant currencies. This performance is underpinned by our Autonomous Enterprise strategy with strong momentum across our Autonomous Suite as well as our Business AI Platform. Customers are choosing SAP to enable accurate and compliant AI outcomes grounded in their most critical business processes and data.”
Dominik Asam, CFO:
“Q2 was another strong quarter, highlighted by sustained current cloud backlog and free cash flow growth against a volatile macroeconomic backdrop. These results reflect our disciplined execution and our ability to deliver against our operating objectives. As part of that execution, we aggressively drive our own transformation into an Autonomous Enterprise, leveraging AI to boost both effectiveness and efficiency at the same time.”
