SAP changes
Pick any two versions below to diff them.
- Price
- $240.59 → $234.10(−2.7%)
- Recent events
- Oct 21, 2026: SAP reported Q3 2026 results. Cloud revenue was €6.668 billion, up 25% at constant currency, and the current cloud backlog reached €24.144 billion, up 26% at constant currency. Total revenue grew 12% at constant currency to €10.27 billion, the first quarter above €10 billion. IFRS operating profit grew 18% to €2.93 billion, and free cash flow was €1.72 billion. SAP said that a multi-quarter catch-up from customers that returned from financial distress helped cloud growth. SAP now expects 2026 cloud revenue and cloud and software revenue at the upper end of its ranges, and it kept its operating profit and free cash flow outlook. By September 30, 2026, it had bought back about €4.2 billion of shares under its €10 billion program. Oct 6, 2026: SAP agreed to buy TechWolf, an AI company that maps the skills and work of large workforces. TechWolf will become a core part of SAP SuccessFactors. SAP did not disclose the price and expects the deal to close in Q4 2026, after regulatory approval. Oct 6, 2026: At SAP Connect, SAP started the customer rollout of Joule Work, an AI interface that works across SAP and outside data. SAP also launched SAP Pay, a payments service inside SAP Cloud ERP, now available in the US and the UK. removed: Aug 26, 2026: UBS lowered its rating on SAP from Buy to Neutral and raised its price target to €201. The stock had risen almost 50% in about four weeks after its July low. Jul 23, 2026: SAP reported Q2 2026 results. Cloud revenue was €6.281 billion, up 24% at constant currency, and the current cloud backlog reached €22.929 billion, up 26% at constant currency. SAP cut its 2026 non-IFRS operating profit outlook to €11.8 to €12.2 billion because of the cost of its Dremio and Prior Labs acquisitions. It kept its cloud revenue, cloud and software revenue, and free cash flow outlook. On the same day, before the results, the stock fell to about €127.5, the lowest price since November 2023. It rose about 9% the next day. Jul 16, 2026: SAP completed the purchase of Prior Labs, an AI company for tabular data, for about €0.4 billion in cash. On July 6, it completed the purchase of Dremio, a data lakehouse company, for about €0.5 billion in cash. May 12, 2026: At its Sapphire conference, SAP announced plans to expand its partnership with Anthropic. Claude becomes a primary reasoning and agent model inside Joule, SAP's AI assistant, and connects to the new SAP Business AI Platform. SAP continues to use more than one AI model. Apr 29, 2026: DSAG, the German-speaking SAP user group, publicly criticized SAP's new API policy. The policy does not let outside AI systems plan, select or run their own sequences of API calls against SAP data, except through tools SAP supplies. DSAG said the list of covered APIs, the fair-use rules and the contract terms are unclear, and that customers have too little time to adapt. Feb 4, 2026: SAP stock fell to €162.10, the lowest price since February 2024. Software stocks fell broadly across this period. Jan 29, 2026: SAP stock fell about 15% in one day, its worst day since October 2020. The current cloud backlog for Q4 2025 missed expectations, and SAP gave a cautious cloud outlook for 2026. On the same day, SAP announced a share buyback of up to €10 billion that runs to the end of 2027.