SAP Quarterly Statement Q2 2026
SAP reported Q2 total revenue of €9.88 billion, up 9% year-over-year, driven by a 22% increase in cloud revenue to €6.28 billion. Current cloud backlog grew 27% to €22.9 billion, supporting a 27% rise in free cash flow to €3.0 billion, signaling strong future momentum.
Key figures
- Eps
- 1.59
- Revenue
- €9.878 billion
- Guidance
- 2026 non-IFRS operating profit €11.8-12.2 billion (updated down from €11.9-12.3 billion); Cloud revenue €25.8-26.2 billion
- Revenue Yoy
- 9%
- Cloud revenue
- €6.281 billion
- Free cash flow
- €3.002 billion
- Cloud revenue yoy
- 22%
- Share repurchase ytd
- €2.6 billion
- Current cloud backlog
- €22.9 billion
- Non ifrs operating profit
- €2.743 billion
AI analysis
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