Technology

SAP Quarterly Statement Q1 2026

Published

5 months ago

April 23, 2026

WALLDORF, Germany, April 23, 2026 /PRNewswire/ — SAP SE (NYSE: SAP) announced today its financial results for the first quarter ended March 31, 2026.

Current cloud backlog of €21.9 billion, up 20% and up 25% at constant currenciesCloud revenue up 19% and up 27% at constant currenciesCloud ERP Suite revenue up 23% and up 30% at constant currenciesTotal revenue up 6% and up 12% at constant currenciesIFRS operating profit up 17%, non-IFRS operating profit up 17% and up 24% at constant currencies

Christian Klein, CEO:

We had a strong start to the year, with Current Cloud Backlog growing by 25% and Cloud Revenue up 27% at constant currencies. This performance is supported by our momentum in Business AI as we are already delivering real outcomes for customers today. We are growing faster than the market and are gaining share as customers expand across our Suite and with our AI solutions. At Sapphire, we will show how we are taking the next leap forward.

Dominik Asam, CFO:

We delivered a solid start to the year, supported by disciplined execution in revenue and profitability. At the same time, we have remained focused on managing our cost base and maintaining profitability as we navigate an increasingly complex and uncertain macroeconomic and geopolitical environment.

Group Results at a Glance

First quarter 2026

IFRS

Non-IFRS1

€ million, unless otherwise stated

Q1 2026

Q1 2025

∆ in %

Q1 2026

Q1 2025

∆ in %

∆ in % const. curr.

Current cloud backlog

21,932

18,202

SaaS/PaaS

5,896

4,890

5,896

4,890

Thereof Cloud ERP Suite2

5,214

4,251

5,214

4,251

Thereof Extension Suite2

681

639

681

639

IaaS2

104

–36

104

–36

–32

Cloud revenue

5,962

4,993

5,962

4,993

Software licenses revenue

116

183

–37

116

183

–37

–33

Software support revenue

2,469

2,761

–11

2,469

2,761

–11

–6

Cloud and software revenue

8,548

7,938

8,548

7,938

Services Revenue

1,007

1,075

–6

1,007

1,075

–6

–1

Total revenue

9,555

9,013

9,555

9,013

Cloud gross profit

4,450

3,720

4,481

3,745

Cloud gross margin (in %)

74.6

74.5

0.1pp

75.2

75.0

0.2pp

–0.1pp

Gross profit

6,973

6,607

7,013

6,632

Gross margin (in %)

73.0

73.3

–0.3pp

73.4

73.6

–0.2pp

–0.3pp

Operating profit (loss)

2,741

2,333

2,867

2,455

Operating margin (in %)

28.7

25.9

2.8pp

30.0

27.2

2.8pp

2.9pp

Profit (loss) after tax

1,946

1,796

2,002

1,681

Earnings per share – Basic (in €)

1.66

1.52

1.72

1.44

Net cash flows from operating activities

3,513

3,780

–7

Free cash flow

3,248

3,583

–9

1 For a breakdown of the individual adjustments see table Non-IFRS Operating Expense Adjustments by Functional Areas in this Quarterly Statement.
2 For a definition of Cloud ERP Suite and Extension Suite, see the Performance Management System chapter in the 2025 Integrated Report. For an Explanation of IaaS, SaaS, and PaaS, see the Notes to the Consolidated Financial Statements of the Integrated Report 2025, Note (A.1).

Supplementary Information

Financial Results

Cloud revenue growth was positively impacted by several quarter-specific effects, contributing to an expected deceleration of cloud revenue growth in the second quarter.

IFRS and non-IFRS operating profit were supported by a decline of share-based compensation expenses of €135 million.

Operating cash flow and free cash flow were impacted by a payout of €408 million related to the settlement of the Teradata litigation case.

Share Repurchase Program

In January 2026, SAP announced a new share repurchase program with an aggregate volume of up to €10 billion and a term until December 31, 2027. As of April 1, 2026, the first tranche of the program was completed. By that time, SAP had repurchased 16,280,097 shares at an average price of €161.16 resulting in a purchased volume of approximately €2.6 billion under the program.

Outlook

Financial Outlook

SAP’s financial outlook for the full-year 2026 is based on the assumption of a near-term de-escalation of the conflict in the Middle East and the imminent consolidation of Reltio.

For 2026, SAP continues to expect:

€25.8 – 26.2 billion cloud revenue at constant currencies (2025: €21.02 billion), up 23% to 25% at constant currencies.€36.3 – 36.8 billion cloud and software revenue at constant currencies (2025: €32.54 billion), up 12% to 13% at constant currencies.€11.9 – 12.3 billion non-IFRS operating profit at constant currencies (2025: €10.42 billion), up 14% to 18% at constant currencies.Approximately €10 billion free cash flow at actual currencies (2025: €8.24 billion).An effective tax rate (non-IFRS) of approximately 29% (2025: 30.5%)[1].Constant currencies current cloud backlog growth to slightly decelerate (2025: 25%).

SAP further expects:

Constant currencies total revenue growth in 2026 to remain at similar levels as in 2025 and to accelerate in 2027. The previous outlook assumed constant currencies total revenue growth to accelerate through 2027.Total operating expenses to grow at 80% to 90% of total revenue growth in 2027.Constant currencies software support revenue decline rate to accelerate in the coming years as a consequence of an acceleration of customers transforming to the cloud.

Other impacts due to the evolving situation in the Middle East are currently unknown and could potentially subject our business to materially adverse consequences should the situation continue or even further escalate beyond its current scope.

While SAP’s 2026 financial outlook for the income statement parameters is at constant currencies (including an average exchange rate of 1.13 USD per EUR), actual currency reported figures are expected to be impacted by currency exchange rate fluctuations as the company progresses through the year, as reflected in the table below.

Currency Impact Assuming March 31, 2026 Rates Apply for 2026

In percentage points

Q2 2026

FY 2026

Cloud revenue growth

-1.5pp

Cloud and software revenue growth

-1.0pp

-1.5pp

Operating profit growth (non-IFRS)

-2.0pp

This includes an exchange rate of 1.15 USD per EUR.

Non-Financial Outlook

For 2026, SAP continues to expect:

Cloud Customer Satisfaction (Cloud CSAT) to be in a range of 75% to 76% (2025: 75%).The Employee Engagement Index to be in a range of 74% to 78% (2025: 76%).The Business Health Culture Index (BHCI) to be in a range of 80% to 82% (2025: 81%).To steadily decrease carbon emissions across the relevant value chain (2025: 3.6 Mt).

Business Highlights

In the first quarter, customers around the globe continued to choose the “RISE with SAP” journey. These customers included: AIR LIQUIDE, Aptiv, Bristol-Myers Squibb, CMS Energy, ConocoPhillips, Diehl Group, Garuda Indonesia, Hyundai Motor EU, ITU (International Telecommunication Union), Nutresa, PayPal, PinkRoccade Local Government, Schweiter Technologies, Thales, Wella.

Adesso, Japan Display, OAKBERRY chose “SAP GROW”.

Carl Zeiss, Helvetia Baloise Group, Hochland, SKF Group chose SAP’s AI and data solutions.

Key customer wins across SAP’s solution portfolio included: Apollo Tyres, Compass Group, Government Service Insurance System, Grupo Comercial Chedraui, Liebherr, Migros, Red Bull, Transport for London.

Alibaba Cloud Computing, ExxonMobil, Fonterra, Norfolk Southern, Samsung Electro-Mechanics, VEKA, Volaris went live on SAP solutions in the first quarter.

In the first quarter, SAP’s cloud revenue performance was particularly strong in APJ and EMEA and solid in the Americas region. Brazil, France, Germany, India, South Korea, Switzerland and the United Kingdom had outstanding performance, while the U.S. were particularly strong.

On February 19, SAP proposed a dividend of €2.50 per share for fiscal year 2025 representing a year-over-year increase of 6.4% compared to the regular dividend paid for fiscal year 2024. The dividend is subject to shareholder approval at the upcoming AGM scheduled for May 5, 2026.

On February 26, SAP announced that it has filed the SAP Annual Report on Form 20-F for the year ended December 31, 2025, with the U.S. Securities and Exchange Commission (SEC) and published its Integrated Report 2025.

On March 2, SAP announced the creation of the new Customer Value Group, bringing together the Customer Success and Customer Services & Delivery organizations, effective April 1. The Customer Value Group will be led by Thomas Saueressig, whose role expands to Chief Customer Officer. In this capacity, he will oversee the full customer journey, aligning selling, delivery, services and support, driving adoption, renewal and expansion of SAP’s cloud and AI-powered solutions.

On March 27, SAP and Reltio Inc. announced that SAP has agreed to acquire Reltio, a leading master data management (MDM) software provider, to help customers make their SAP and non-SAP enterprise data AI-ready.

Additional Information

This quarterly statement and all information therein are preliminary and unaudited. Due to rounding, numbers may not add up precisely. The Q1 2026 Quarterly Statement can be downloaded from: https://www.sap.com/investors/sap-2026-q1-statement

SAP Annual General Meeting of Shareholders

The Annual General Meeting of Shareholders will take place on May 5, 2026, as a virtual event. The whole event will be webcast on the Company’s website and online voting options will be available for shareholders. Further details can be found at https://www.sap.com/agm .

Financial Analyst and Investor Conference

SAP will hold a financial analyst event on Wednesday, May 13th, 2026, in conjunction with SAP Sapphire & ASUG Annual Conference Orlando.

SAP Performance Measures

For more information about our key growth metrics and performance measures, their calculation, their usefulness, and their limitations, please refer to the following document on our Investor Relations website: https://www.sap.com/investors/en/financial-documents-and-events/reporting-framework.html.

Webcast

SAP senior management will host a financial analyst conference call on Thursday, April 23rd at 11:00 PM (CEST) / 10:00 PM (BST) / 5:00 PM (EDT) / 2:00 PM (PDT). The conference will be webcast on the Company’s website at https://www.sap.com/investor and will be available for replay. Supplementary financial information pertaining to the first quarter results can be found at https://www.sap.com/investor

About SAP

As a global leader in enterprise applications and business AI, SAP (NYSE: SAP) stands at the nexus of business and technology. For over 50 years, organizations have trusted SAP to bring out their best by uniting business-critical operations spanning finance, procurement, HR, supply chain, and customer experience. For more information, visit www.sap.com.

For more information, financial community only:

Alexandra Steiger, +49 (6227) 7-767336, investor@sap.com, CET

Follow SAP Investor Relations on LinkedIn at SAP Investor Relations.

For more information, press only:

Marcus Winkler, +46 (6227) 7-67497, marcus.winkler@sap.com, CET

Daniel Reinhardt +49 (6227) 7-40201, daniel.reinhardt@sap.com, CET

For customers interested in learning more about SAP products:

Global Customer Center: +49 180 534-34-24

United States Only: +1 (800) 872-1SAP (+1-800-872-1727)

Note to editors:

To preview and download broadcast-standard stock footage and press photos digitally, please visit www.sap.com/photos. On this platform, you can find high resolution material for your media channels.

This document contains forward-looking statements, which are predictions, projections, or other statements about future events. These statements are based on current expectations, forecasts, and assumptions that are subject to risks and uncertainties that could cause actual results and outcomes to materially differ. Additional information regarding these risks and uncertainties may be found in our filings with the Securities and Exchange Commission, including but not limited to the risk factors section of SAP’s 2025 Annual Report on Form 20-F.

SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices.

[1] The effective tax rate (non-IFRS) is a non-IFRS financial measure and is presented for supplemental informational purposes only. We do not provide an outlook for the effective tax rate (IFRS) due to the uncertainty and potential variability of gains and losses associated with equity securities, which are reconciling items between the two effective tax rates (non-IFRS and IFRS). These items cannot be provided without unreasonable efforts but could have a significant impact on our future effective tax rate (IFRS).

Logo – https://mma.prnewswire.com/media/847591/5935023/SAP__Logo.jpg

View original content to download multimedia:https://www.prnewswire.com/news-releases/sap-quarterly-statement-q1-2026-302752280.html

SOURCE SAP SE

Technology

Emmy Winner Bob Odenkirk Lends His Name to Global Remember Me Thursday® Pet Adoption Campaign!

Published

19 minutes ago

September 9, 2026

RANCHO SANTA FE, Calif., Sept. 9, 2026 /PRNewswire/ — In just over two weeks, the world’s largest global pet adoption awareness campaign will once again unite animal lovers across social media to shine a spotlight on homeless pets. Observed annually on the fourth Thursday in September, Remember Me Thursday® (RMT) brings together celebrities, animal welfare organizations, rescue groups, shelters, and advocates to become one powerful online voice for orphan pets awaiting loving homes. This year, Emmy Award-winning actor Bob Odenkirk, is lending his name to the cause.

Remember Me Thursday® is honored to welcome Odenkirk along with other acclaimed performers and lifelong animal advocates. Pet-lovers everywhere are invited to join the movement on Thursday, September 24, 2026, to raise awareness for shelter pets around the world.

Remember Me Thursday® was founded in 2013 by Helen Woodward Animal Center President and CEO Mike Arms. Moved by the heartbreaking reality that more than one million homeless pets lose their lives each year in U.S. shelters, Arms envisioned a worldwide movement that would unite animal welfare organizations behind one simple message: every orphan pet deserves a loving home.

Emmy Award-winning actor, writer, and comedian Bob Odenkirk is best known for his unforgettable portrayal of Saul Goodman in Breaking Bad and Better Call Saul, performances that earned multiple Emmy, Golden Globe, and Critics Choice nominations. His career also includes co-creating HBO’s acclaimed Mr. Show with Bob and David, starring in films including The Post, Little Women, and Nobody, and directing several feature films.

In his personal life, Odenkirk has become a dedicated voice for shelter pets and disaster-relief efforts to benefit animals. His family has long adopted rescue animals, and he frequently credits his rescue dog, Olive, with bringing joy and comfort to their lives. He has supported Petco Love Stories by highlighting inspiring rescue success stories, partnered with Best Friends Animal Society during the Los Angeles wildfire response to help relocate displaced animals, and worked with The Dodo to promote the adoption of rescue dogs. This year, he joins the Remember Me Thursday® campaign.

Also new to the campaign this year, Remember Me Thursday® is proud to welcome Morgan Fairchild, Alan Tudyk, Scoot McNary, and Los Angeles Chargers Daiyan Henley, Omarion Hampton and Teair Tart, among others. (For the full list of 2026 luminaries, click on www.RememberMeThursday.org)

The 2026 celebrities join an extraordinary roster of actors, athletes, musicians, animal behaviorists, and social media personalities who have aligned themselves with Remember Me Thursday® since the campaign’s launch, including Alicia Silverstone (this year’s 2026 Featured Luminary), Andie MacDowell (2023 Official Spokesperson), Diane Keaton, Kristin Chenoweth (2017 Official Spokesperson), Rainey Qualley (2023 Official Spokesperson), Wynonna Judd (2018 Official Spokesperson), and many others.

Now entering its fourteenth year, Remember Me Thursday® has inspired participation in 180 countries, with more than 1,000 animal welfare organizations and hundreds of thousands of individuals holding candle-lighting ceremonies, and sharing adoption stories to promote pet adoption. The campaign has generated more than 2 billion social media impressions, while consistently trending across major social media platforms each year.

Animal-lovers are invited to join the movement by posting a message about pet adoption on social media this Thursday, September 24th. Use the hashtag #RememberMeThursday and #ShineALight to connect with others honoring the important day.

For more information about Remember Me Thursday®, including a complete list of participating celebrities and organizations, visit www.remembermethursday.org.

For media inquiries regarding the U.S. West Coast Remember Me Thursday® event, contact: PR Manager Jessica Gercke at (858) 756-4117 x 335 or jessicag@animalcenter.org.

About Remember Me Thursday®

Animal lovers and organizations across the globe unite on the fourth Thursday in September to light a candle in remembrance of the millions of orphan pets who lost their lives without the benefit of a loving home and to shine a light via social media on the millions of orphan pets still waiting for their forever homes. The Remember Me Thursday® global awareness campaign is championed by Mike Arms, President of Helen Woodward Animal Center, and creator of both the International Pet Adoptathon and successful Home 4 The Holidays program which, in partnership with national animal organizations, has placed over 20 million pets in homes since 1999. For more information, please visit www.remembermethursday.org or via hashtags #RememberMeThursday and #ShineALight on social media.

View original content to download multimedia:https://www.prnewswire.com/news-releases/emmy-winner-bob-odenkirk-lends-his-name-to-global-remember-me-thursday-pet-adoption-campaign-302874283.html

SOURCE Helen Woodward Animal Center

Technology

AT&T Elects Fazal F. Merchant to Board of Directors

Published

19 minutes ago

September 9, 2026

Key Takeaways:

Fazal F. Merchant joined the AT&T Board, effective Sept. 8.Merchant will serve on the Audit Committee and the Corporate Development and Finance Committee.

DALLAS, Sept. 9, 2026 /PRNewswire/ — AT&T (NYSE:T) elected Fazal F. Merchant to its board of directors, effective Sept. 8. He will serve on the Audit Committee and the Corporate Development and Finance Committee.

Merchant most recently served as President and Chief Financial Officer of Wiz, Inc. – a leading cloud and AI security company. He previously was Co-Chief Executive Officer, Chief Operating Officer and Chief Financial Officer of Tanium Inc.

“Fazal is a great addition to our board, bringing deep expertise across corporate development, finance and technology,” said John Stankey, AT&T Chairman and CEO. “Fazal’s experience scaling high-growth businesses and helping companies navigate periods of transformation will be invaluable as we continue to evolve, invest for growth, and create long-term value for our shareholders.”

Merchant previously held senior leadership roles at DreamWorks Animation and DIRECTV, including Chief Financial Officer of DIRECTV Latin America. During his tenure at both companies, he oversaw major strategic transactions. Earlier, he worked in investment banking at Barclays Capital and the Royal Bank of Scotland. He began his career at Ford Motor Company.

Merchant serves on the board of Warner Bros. Discovery and previously served on the boards of Ariel Investments, Ryman Hospitality Properties, Inc. and Meritor, Inc. He also spent several years serving as a senior advisor to Sixth Street Partners.

Merchant holds a Bachelor of Business Administration from The University of Texas at Austin and an MBA from Indiana University.

To automatically receive AT&T financial news by email, please subscribe to email alerts.

About AT&T
We help more than 100 million U.S. families, friends and neighbors, plus nearly 2.5 million businesses, connect to greater possibility. From the first phone call 150 years ago to our 5G wireless and multi-gig internet offerings today, we @ATT innovate to improve lives. For more information about AT&T Inc. (NYSE:T), please visit us at about.att.com. Investors can learn more at investors.att.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/att-elects-fazal-f-merchant-to-board-of-directors-302874273.html

SOURCE AT&T

Technology

Radiance Technologies Wins Position on $14B MSIC COMET Contract

Published

19 minutes ago

September 9, 2026

Employee-owned Huntsville contractor continues long-standing support of the Missile and Space Intelligence Center.

HUNTSVILLE, Ala., Sept. 9, 2026 /PRNewswire/ — Radiance Technologies, a 100% employee-owned prime contractor, announced today that it has been selected as an awardee on the $14 billion Contract Operations for Missile Evaluation and Testing (COMET) Multi-Award Task Order Contract (MATOC) supporting the Missile and Space Intelligence Center (MSIC).

“This win belongs to our employee-owners,” said Radiance Technologies CEO, Bill Bailey. “They built the technical intelligence expertise that got us here, and now they get to put it to work on a mission that’s right in our backyard. We’re excited to keep supporting MSIC and the vital work they do for the Warfighter.”

Under the contract, Radiance will provide research, development, and sustainment services for new and existing hardware, software, and systems that are foundational to military intelligence upon successful awarded contract.

COMET spans five mission task areas: foundational and technical intelligence analysis, foreign materiel exploitation, information technology operations, modeling and simulation, and business processes. It carries a 10-year period of performance, running from July 21, 2026, through January 1, 2037.

In addition to leading its own team, Radiance holds positions on two other winning COMET teams: one led by SAIC and one through its Radiance Ignite Technologies joint venture.

MSIC, part of the Defense Intelligence Agency, provides policymakers, homeland security and intelligence community organizations, weapons developers, and warfighters with intelligence assessments of foreign weapons systems. This includes. anti-tank guided missiles, ground-based air defense and missile defense systems, short-range and close-range ballistic missiles, and ground-based direct-ascent and directed-energy anti-satellite missile systems.

About Radiance Technologies:

Radiance Technologies is an employee-owned prime contractor founded in 1999 and headquartered in Huntsville, Alabama. Radiance has over 1200 employee-owners across the United States serving the Department of War, the national intelligence community, and other government agencies. From concepts to capabilities, Radiance leads the way in developing customer-focused solutions in the areas of cybersecurity, systems engineering, prototyping, and integration, as well as operational and strategic intelligence, including scientific and technical intelligence. For more information, please visit www.radiancetech.com.

Media Contact:

Julia Parrish
Director, Strategic Branding & Communications
julia.parrish@radiancetech.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/radiance-technologies-wins-position-on-14b-msic-comet-contract-302874291.html

SOURCE Radiance Technologies