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SAP reports strong Q2 2026 with 27% cloud backlog growth and updates 2026 profit outlook.

Company Fundamentals
23 Jul 2026
PRNewsWire
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Bullish
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SAP SE announced robust financial results for Q2 2026, highlighting a 27% increase in current cloud backlog to €22.9 billion and a 22% rise in cloud revenue. The company’s Autonomous Enterprise strategy and AI-driven solutions contributed to strong demand, with cloud ERP Suite revenue up 25%. SAP updated its 2026 non-IFRS operating profit outlook to €11.8–12.2 billion, reflecting acquisitions of Dremio and Prior Labs. Despite macroeconomic volatility, SAP expects continued growth in cloud revenue and free cash flow, while monitoring geopolitical risks in the Middle East.

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