SAP SE · SAP · Next earnings

SAP SE reports Thursday, Feb 4, 2027

SAP reports session not yet known with consensus EPS at $2.25 and revenue at $12.10B. Last quarter: SAP Q3: Cloud growth and AI adoption support reaffirmed outlook

Reports Session not yet known105 days awayDate unknown Technology

What the street expects

Consensus for the coming report
Consensus EPS $2.25 Calendar consensus
Consensus revenue $12.10B Calendar consensus
Report date Feb 4, 2027 Thursday, date unknown
Session Session not yet known 105 days away

Where SAP left off: FY2026 Q3

Full report

SAP Q3: Cloud growth and AI adoption support reaffirmed outlook

EPS surprise +4.4% Reported $2.12 vs $2.03
Revenue surprise +1.3% Reported $11.53B vs $11.38B
Stock move +1.6% Event window
Subsequent drift 0.0% Up to 20 sessions

Management reaffirmed FY 2026 guidance and expects to reach the upper end of the prior cloud-revenue range.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Cloud backlog growth could decelerate in FY 2026.
  • Service revenue declined 5% year over year, while AI credits and consumption pricing may affect the P&L.
  • AI-agent accuracy, response times, margins, and regulatory compliance remain execution considerations.

Questions analysts left open

  • Cloud backlog growth may decelerate despite strong Q3 growth.
  • AI agent accuracy and response times still need improvement.
  • AI credits, consumption pricing, and margin pressure could affect future profitability.

Ask FN2 about SAP next report

Transcript, numbers and history already loaded
What should I watch for in SAP's next earnings report?How did SAP guide last quarter, and is consensus above or below that?Give me the bull and bear case going into SAP earnings.

Free account. Your question opens in FN2 with this report's transcript and numbers attached.

Get the SAP recap when the next report posts

One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.

Recent SAP quarters

All SAP earnings
+1.6%FY2026 Q3+9.3%FY2026 Q2

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q3

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.