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SAP AG ( (SAP) ) has issued an announcement.
SAP SE, based in Walldorf, Germany, is a global enterprise software provider specializing in cloud-based ERP suites, business applications and related services for corporate and public-sector customers. The company has been accelerating its shift from traditional software licenses and support toward SaaS and PaaS offerings, positioning itself as a leader in cloud ERP and business AI solutions worldwide.
SAP’s quarterly statement for the three months ended March 31, 2026, filed in Germany and furnished to the U.S. SEC on April 27–28, shows a strong cloud-driven start to the year, with current cloud backlog up 20% to €21.9 billion and cloud revenue up 19% (27% at constant currencies). Total revenue rose 6% to €9.6 billion, IFRS operating profit climbed 17%, and earnings per share improved, helped by lower share-based compensation, even as cash flow was weighed by a €408 million Teradata litigation settlement. Management highlighted rapid growth in cloud ERP and AI offerings, an ongoing €10 billion share buyback that has already retired about €2.6 billion of stock, and reaffirmed a robust 2026 outlook for double-digit cloud and software growth and higher non-IFRS operating profit, while warning that macro, geopolitical and Middle East risks could still affect performance.
The most recent analyst rating on (SAP) stock is a Buy with a $257.00 price target. To see the full list of analyst forecasts on SAP AG stock, see the SAP Stock Forecast page.
Spark’s Take on SAP Stock
According to Spark, TipRanks’ AI Analyst, SAP is a Outperform.
The score is driven primarily by strong financial performance (high margins, conservative balance sheet, solid free cash flow) and a positive earnings-call outlook (record backlog, improving cloud margins, ~€10bn FCF target and a €10bn buyback). These strengths are partially offset by weaker technicals (below key moving averages and negative MACD) and moderate—not bargain—valuation (P/E ~22, ~1.5% yield).
To see Spark’s full report on SAP stock, click here.
More about SAP AG
SAP SE, based in Walldorf, Germany, is a global enterprise software provider specializing in cloud-based ERP suites, business applications and related services for corporate and public-sector customers. The company has been accelerating its shift from traditional software licenses and support toward SaaS and PaaS offerings, positioning itself as a leader in cloud ERP and business AI solutions worldwide.
SAP’s quarterly statement for the three months ended March 31, 2026, filed in Germany and furnished to the U.S. SEC on April 27–28, shows a strong cloud-driven start to the year, with current cloud backlog up 20% to €21.9 billion and cloud revenue up 19% (27% at constant currencies). Total revenue rose 6% to €9.6 billion, IFRS operating profit climbed 17%, and earnings per share improved, helped by lower share-based compensation, even as cash flow was weighed by a €408 million Teradata litigation settlement. Management highlighted rapid growth in cloud ERP and AI offerings, an ongoing €10 billion share buyback that has already retired about €2.6 billion of stock, and reaffirmed a robust 2026 outlook for double-digit cloud and software growth and higher non-IFRS operating profit, while warning that macro, geopolitical and Middle East risks could still affect performance.
Average Trading Volume: 3,594,558
Technical Sentiment Signal: Sell
Current Market Cap: $201.4B
Learn more about SAP stock on TipRanks’ Stock Analysis page.