SAP reported record third-quarter revenue of €10.27 billion, surpassing €10 billion for the first time. Revenue rose 13% year over year and beat analyst expectations, driven by continued momentum in the cloud business.
Cloud revenue increased 26% to €6.67 billion. The current cloud backlog, a key indicator of future business, grew 28% to €24.1 billion. Cloud ERP Suite revenue rose 29%.
SAP raised its full-year 2026 forecast, saying it now expects cloud and software revenue toward the upper end of its previously stated range. Non-IFRS operating profit increased 18% to €3.03 billion.
SAP’s U.S.-listed shares rose more than 2% in after-hours trading following the announcement.