Similar companies
Did SAP SE Beat Earnings?
SAP SE (SAP) reported Q2 '26 revenue of $9.88B, up 9.4% year-over-year, with reported EPS of $1.85. That came in 7.5% below the $2.00 analyst estimate — an earnings miss.
AltIndex tracks earnings alongside 25+ alternative data signals that can move ahead of the report — SAP SE’s job postings, web traffic, and employee business outlook. See the full SAP stock analysis or the earnings calendar for upcoming reports.
SAP Earnings Surprise History (EPS vs. Estimate)
| Quarter | Estimated EPS | Reported EPS | Surprise |
|---|---|---|---|
| Q2 '26 | $2.00 | $1.85 | Missed -7.5% |
| Q1 '26 | $1.92 | $2.01 | Beat +4.7% |
| Q4 '25 | $1.72 | $1.93 | Beat +12.2% |
| Q3 '25 | $1.74 | $1.85 | Beat +6.3% |
| Q2 '25 | $1.69 | $1.76 | Beat +4.1% |
| Q1 '25 | $1.44 | $1.65 | Beat +14.6% |
SAP SE Quarterly Financial Trends
| Metric | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 8.47B | 9.38B | 9.01B | 9.03B | 9.08B | 9.68B | 9.56B | 9.88B |
| Gross margin | 73.3% | 74.0% | 73.3% | 73.3% | 73.5% | 71.4% | 73.0% | 73.2% |
| Operating margin | 26.1% | 21.5% | 25.9% | 27.2% | 27.4% | 24.2% | 28.8% | 26.8% |
| Net income | 1.46B | 1.6B | 1.78B | 1.7B | 2B | 1.68B | 1.93B | 2.18B |
| Net margin | 17.3% | 17.1% | 19.7% | 18.8% | 22.1% | 17.3% | 20.2% | 22.1% |
| EPS | $1.33 | $1.47 | $1.65 | $1.76 | $1.85 | $1.93 | $2.01 | $1.85 |
SAP SE Earnings Trend Analysis
Over the eight quarters from Q3 '24 to Q2 '26, SAP SE’s quarterly revenue moved from $8.47B to $9.88B. Net margin expanded from 17.3% to 22.1%, against a 73.2% gross margin in the most recent quarter — a read on whether revenue growth is translating into profit. SAP SE has beaten Wall Street EPS estimates in 6 of its last 8 reported quarters.
When Is SAP SE’s Next Earnings Date?
SAP SE reports earnings on a quarterly schedule. Its most recent report covered Q2 '26. For the confirmed upcoming date — and every other company reporting soon — see the SAP earnings calendar.
Frequently Asked Questions: SAP SE Earnings
SAP SE's next earnings date has not been confirmed yet. See the earnings calendar for all upcoming reports.
SAP SE reported Q2 '26 EPS of $1.85 on revenue of $9.88B (+9.4% YoY). SAP SE missed estimates, reporting $1.85 vs. the $2.00 estimate.
SAP SE reported Q2 '26 revenue of $9.88B, up 9.4% from the same quarter a year earlier.
Signals like job postings, web traffic, and employee sentiment reflect business activity in real time and can move before quarterly results are reported. AltIndex combines them with 25+ others in the SAP AI Score.
