SAP's stock jumped following a strong earnings report highlighting 13% revenue growth to €10.27 billion, driven by a 26% increase in cloud revenue to €6.67 billion. The company benefits from growing interest in artificial intelligence and a recovering software sector, with its cloud backlog up 28% to €24.10 billion. Jefferies raised its price target from €220 to €250, reflecting confidence in SAP's robust cloud and software revenue outlook for 2026. Shares rose 3.71% to $241.36 on the NYSE after the update.
SAP's market cap stands at $270.35 billion as of Oct 23, 2026 02:52 WIB, reflecting its significant presence in the technology sector. The stock is up 3.86% on Pluang, slightly above the 3.71% rise noted on the NYSE, trading at $241.60. With a dividend yield of 1.26% and a strong buy sentiment from 77% of Pluang investors, SAP continues to attract interest following its positive earnings and cloud revenue growth.
SAP reported strong Q3 2026 results with revenue of $11.53 billion and EPS of $2.12, surpassing analyst expectations. The company’s cloud revenue grew 26%, with Cloud ERP Suite revenue up 29%, fueled by expanding cloud and AI offerings. SAP’s cloud b...
SAP SE announced strong Q3 2026 financial results, with cloud revenue up 26% and total revenue up 13% year-over-year. The company’s cloud backlog rose 28%, reflecting robust demand for its cloud ERP and AI-driven solutions. SAP updated its 2026 outlo...
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...
