SAP shares climb after Q3 earnings beat and strong cloud revenue outlook

What happened: SAP SE ADRs (NYSE:SAP) rose over 4% in after-hours trading after third-quarter results topped Wall Street expectations and the company raised its full-year revenue outlook. Key numbers: Non-IFRS EPS €1.89 vs €1.83 expected. Revenue €10.27 billion vs €10.10 billion expected. Cloud revenue up 26% to €6.67 billion. Current cloud backlog up 28% to €24.14 billion. Why it matters: Management narrowed 2026 guidance toward the upper bound of prior expectations, and the CEO said enterprise customers are increasingly committing to Business AI offerings and automated tools. Market: +1.6% today ($232.73), -0.1% YTD, 2.0x vol — as of 21:31 UTC Coverage: 5 outlets in 24h

SAP SE ADRs (NYSE:SAP) rose over 4% in after-hours trading after third-quarter results topped Wall Street expectations and the company raised its full-year revenue outlook.

Management narrowed 2026 guidance toward the upper bound of prior expectations, and the CEO said enterprise customers are increasingly committing to Business AI offerings and automated tools. Market: +1.6% today ($232.73), -0.1% YTD, 2.0x vol — as of 21:31 UTC