SAP has cut its 2026 non-IFRS operating profit forecast to between €11.8 billion and €12.2 billion, down from its prior range of €11.9 billion to €12.3 billion, attributing the reduction to a dilutive impact of more than €100 million from its acquisitions of Dremio and Prior Labs. The company also lowered its full-year adjusted operating profit growth target to 13–17% from 14–18%.
Second-quarter total revenue rose 9% to €9.88 billion, while cloud revenue climbed 24% at constant currencies to €6.28 billion. Current cloud backlog increased 26% at constant currencies to €22.93 billion, and net profit grew by roughly a quarter to €2.21 billion. Software licence revenue, however, fell 32% at constant currencies.
SAP kept its cloud revenue target for 2026 unchanged at €25.8 billion to €26.2 billion. Management credited the positive momentum to its artificial intelligence strategy, as the planned end of maintenance for its legacy ECC system in 2027 continues to accelerate customer migration to cloud platforms.