IBM and SAP earnings reports test software growth and cloud backlog strength amid AI optimism

IBM and SAP are releasing their Q3 earnings, with IBM aiming to prove that delayed deals will close and software growth will accelerate in the second half of 2026. SAP is focusing on its growing cloud backlog, heavily supported by AI-driven contracts, to sustain strong future sales. Investors will watch if IBM can meet its revenue growth outlook and if SAP's cloud backlog growth remains robust, validating optimism about a software rebound. These results will indicate how well both companies are positioned in the evolving tech landscape, especially with AI integration.

SAP shares are trading at USD 226.80 on Pluang as of Oct 20, 2026 19:11 WIB, showing a modest 0.34% gain in the last day. The stock's market cap stands at $258.91 billion, with investors holding positions for an average of 119 days on the platform. This steady performance aligns with the company's focus on growing its cloud backlog and AI-driven contracts, as highlighted in the earnings report.