SAP Q3 cloud backlog €24.1B, up 26% at constant FX; adj. EPS $2.18 and revenue beat estimates

SAP reported Q3 2026 non-IFRS revenue of €10.27B vs €10.13B estimated, non-IFRS cloud revenue of €6.67B vs €6.57B estimated, and non-IFRS cloud/software revenue of €9.25B vs €9.07B estimated. Cloud backlog was €24.1B, up 26% at constant FX vs 24.5% estimated. Adjusted EPS was $2.18 vs $2.03 estimated, with sales of $11.82B vs $11.49B estimated. Shares last traded at 232.74, up 1.69%.

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