SAP Q1 2026 Quarterly Financial Results and Outlook
SAP SE reported strong first quarter 2026 financial results with current cloud backlog reaching β¬21.9 billion, up 20% year-over-year (25% at constant currencies). Cloud revenue grew 19% (27% at constant currencies) to β¬5.96 billion, while total revenue increased 6% (12% at constant currencies) to β¬9.56 billion. Operating profit rose 17% to β¬2.74 billion under IFRS and β¬2.87 billion under non-IFRS measures. The company completed the first tranche of its β¬10 billion share repurchase program, buying back 16.3 million shares for approximately β¬2.6 billion. SAP maintained its full-year 2026 outlook, expecting cloud revenue of β¬25.8-26.2 billion (up 23-25% at constant currencies) and non-IFRS operating profit of β¬11.9-12.3 billion (up 14-18% at constant currencies). The results were impacted by a β¬408 million settlement payment related to the Teradata litigation case.