SAP SE (SAP) News & EventsSAPSAP SE

Nasdaq Composite Rises Over 1%, Tesla Falls 3.3%

All the major averages were up, though the outsized bounce in technology stocks helped Nasdaq Composite to post an outsized increase of over 1%.  AI-exposed Industrials and Technology were also the top two performing sectors in the S&P 500, where Semiconductors as well as Enterprise Software marched in step to the upside.   Software iShares ETF (IGV) was up for the second consecutive day, rising 1.8%, while iShares Semiconductorsrallied over 2%.  In turn, rising Treasury yields punished the rate-sensitive sectors - REITs was among the worst performing areas of the market.The afterhours earnings session saw mixed results for high-profile Tech and AI-driven names: Lam Research and IBM were down, though Meta Platforms and Texas Instruments were modestly higher.  Tesla initially rallied on earnings, but the stock retreated during the earnings call as the company cut its capex view for this year to $20B from $25B.  Subsequently, in the opening hours of the evening session, the Nasdaq 100 contract is down by 0.7% while S&P e-Minis are down by 0.5%.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Liberty Energyup 8.8%CSXup 3.7%Knight-Swift Transportationup 3.3%Meta Platformsup 2.5%SAP SEup 2.3%Kinder Morganup 2.0%Texas Instrumentsup 1.2%United Rentalsup 0.6%DOWN AFTER EARNINGS -Lam Researchdown 6.8%IBMdown 4.4%Tesladown 3.3%Las Vegas Sandsdown 2.7%

SAP Updates 2026 Cloud Revenue Outlook, Cloud Backlog at €24.1 Billion

Current cloud backlog of EUR 24.1 billion, up 28% and up 26% at constant currencies; Cloud revenue up 26% and up 25% at constant currencies; Cloud ERP Suite revenue up 29% and up 28% at constant currencies; Total revenue up 13% and up 12% at constant currencies; IFRS operating profit up 18%, non-IFRS operating profit up 18%, both at nominal and constant currencies; SAP updates its 2026 cloud revenue and cloud and software revenue outlook.

SAP Updates 2026 Cloud Revenue Outlook to €26.2 Billion

For 2026, SAP is updating its cloud revenue and cloud and software revenue outlook and now expects: To generate cloud revenue towards the upper end of the outlook range of EUR 25.8 - 26.2 billion at constant currencies (2025: EUR 21.02 billion), up 23% to 25% at constant currencies. To generate cloud and software revenue towards the upper end of the outlook range of EUR 36.3 - 36.8 billion at constant currencies (2025: EUR 32.54 billion), up 12% to 13% at constant currencies.