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SAP's Q3 revenue exceeded €10 billion for the first time, up 13% year-over-year; cloud backlog grew 28%, and full-year cloud revenue guidance was raised.
SAP, Europe's largest software company, announced its Q3 2026 earnings, with total revenue reaching €10.27 billion, up 13% year-over-year, marking the first time quarterly revenue exceeded €10 billion. Non-IFRS operating profit was €3.03 billion, up 18% year-over-year, also surpassing €3 billion for the first time. Cloud revenue grew 26% to €6.668 billion, exceeding analyst expectations. Current cloud backlog, which measures future 12-month cloud revenue, reached €24.144 billion, up 28% year-over-year. The company also raised its full-year cloud revenue guidance to the upper end of the €25.8 billion to €26.2 billion range. Following the earnings release, SAP's U.S. stock price rose in after-hours trading.
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