SAP expects 2026 cloud revenue toward upper end of EUR 25.8 billion–26.2 billion constant-currency outlook

• SAP expects 2026 cloud revenue toward the upper end of its EUR 25.8 billion–EUR 26.2 billion guidance at constant currencies.
• Cloud and software revenue is forecast toward the upper end of the EUR 36.3 billion–EUR 36.8 billion constant-currency range.
• Non-IFRS operating profit guidance is EUR 11.8 billion–EUR 12.2 billion at constant currencies; free cash flow is projected around EUR 10 billion.
• Total revenue growth at constant currencies is expected near 2025's 10.6%, before accelerating in 2027.
• Third-quarter cloud revenue rose 25% at constant currencies to EUR 6.67 billion, while current cloud backlog increased 26% at constant currencies.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SAP SE published the original content used to generate this news brief on October 21, 2026, and is solely responsible for the information contained therein.