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SAP Earnings

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Earnings Breakdowns

MIXEDApril 23, 2026

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SAP Q1 2026 Earnings

SAP posted Q1 revenue of €9.55B, up 12% at constant currencies. EPS of €1.72 beat estimates by 20%. Cloud revenue grew 27%. Stock dropped 6% on a slight revenue miss. We break it down in plain English.

Revenue: €9.55B (exp. €9.72B)

EPS: €1.72 (exp. €1.44)

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