SAP (SAP) Projected to Announce Quarterly Earnings on Wednesday

Key Points

• SAP is expected to report Q3 2026 results after market close on October 21. Analysts forecast earnings of $2.04 per share on $11.45 billion in revenue, compared with the prior quarter’s EPS miss despite 9.4% year-over-year revenue growth.
• Analysts remain broadly positive on SAP. The stock has a “Moderate Buy” consensus rating from 21 analysts, with an average price target of $264.71 versus a recent price of $220.10.
• AI and cloud momentum support the growth outlook, but risks remain. Cloud backlog and revenue growth, along with adoption of SAP’s AI offerings, are encouraging, while reduced earnings forecasts, execution challenges and a critical cybersecurity vulnerability could weigh on sentiment.

SAP (NYSE:SAP - Get Free Report) will likely be announcing its Q3 2026 results after the market closes on Wednesday, October 21st. Analysts expect the company to post earnings of $2.04 per share and revenue of $11.45 billion for the quarter. Interested persons may review the information on the company's upcoming Q3 2026 earnings report page for the latest details on the call scheduled for Wednesday, October 21, 2026 at 5:00 PM ET.

SAP (NYSE:SAP - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The software maker reported $1.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.00 by ($0.18). SAP had a net margin of 20.88% and a return on equity of 17.07%. The firm had revenue of $11.27 billion during the quarter, compared to the consensus estimate of $11.30 billion. During the same quarter last year, the firm earned $1.50 earnings per share. The business's revenue for the quarter was up 9.4% compared to the same quarter last year. On average, analysts expect SAP to post $8.12 EPS for the current fiscal year and $9.56 EPS for the next fiscal year.

SAP Stock Performance

Shares of NYSE SAP opened at $220.10 on Wednesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.15 and a quick ratio of 1.15. The firm has a market cap of $270.39 billion, a price-to-earnings ratio of 28.63, a P/E/G ratio of 2.57 and a beta of 1.13. The stock's fifty day moving average price is $211.75 and its two-hundred day moving average price is $183.99. SAP has a one year low of $144.97 and a one year high of $281.36.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. TD Cowen reissued a "buy" rating on shares of SAP in a report on Friday, July 24th. Jefferies Financial Group restated a "buy" rating and issued a $260.00 price target on shares of SAP in a research note on Tuesday, September 22nd. Citigroup restated a "buy" rating on shares of SAP in a research note on Tuesday, September 22nd. Barclays raised their price target on shares of SAP from $242.00 to $243.00 and gave the stock an "overweight" rating in a research report on Tuesday. Finally, Morgan Stanley reiterated an "overweight" rating on shares of SAP in a research note on Friday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $264.71.

SAP News Summary

Here are the key news stories impacting SAP this week:

• Positive Sentiment: AI adoption and productivity claims support the growth narrative. SAP’s Joule AI assistant is reportedly delivering up to 20% productivity gains, while Lemongrass accounts for nearly one-fifth of partner AI agents published in SAP’s Discovery Center. The developments suggest early ecosystem traction for SAP Business AI and could improve confidence in the company’s ability to monetize AI. SAP Stocks Rise as Joule Claims 20% Productivity Lemongrass AI Agents in SAP Discovery Center
• Positive Sentiment: Partnership expansion broadens SAP’s customer-engagement offering. Sinch added Rich Communication Services to its native integration with SAP Engagement Cloud, creating additional omnichannel messaging capabilities and potential applications for conversational AI. Sinch Expands SAP Partnership
• Neutral Sentiment: Recent operating trends remain constructive but execution is key. A Q3 preview highlights 26% current cloud backlog growth and 24% cloud-revenue growth in the second quarter, but says SAP’s outlook depends partly on Middle East de-escalation. The company’s AI strategy appears credible, though its size and more than 110,000 employees create execution risks. SAP Q3 Preview
• Negative Sentiment: Lower earnings forecasts weigh on expectations. Erste Group Bank reduced its FY2026 EPS estimate to $7.92 from $8.10 and FY2027 EPS estimate to $9.32 from $9.66, signaling caution about near-term profitability and execution.
• Negative Sentiment: Cybersecurity disclosures create reputational and customer risks. SAP reported a critical CVSS 10 vulnerability in its Cloud SDK for Python that could enable OAuth2 credential theft, while separate patch-day reporting warned that attackers could take over systems. Customers may face urgent remediation requirements, potentially increasing pressure on SAP’s security resources. SAP Cloud SDK Vulnerability

About SAP

SAP SE is a German enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM employees, SAP develops technology that helps organizations manage finance, procurement, supply chains, human resources, customer relationships and other core business operations.

The company's principal offerings include SAP S/4HANA Cloud enterprise resource planning software, the SAP Business Technology Platform, and cloud applications such as SAP SuccessFactors for human capital management, SAP Ariba for procurement, SAP Concur for travel and expense management, and SAP Customer Experience solutions.

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