SAP announces Q2 and half-year 2026 results
Cloud backlog up 26%, cloud revenue up 24%, non-IFRS operating profit up 9% at constant currencies. Outlook updated for Dremio and Prior Labs acquisitions.
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In short: SAP saw German antitrust investigations dropped, completed key AI acquisitions, and reported strong cloud growth amid cost-cutting efforts.
Cloud backlog up 26%, cloud revenue up 24%, non-IFRS operating profit up 9% at constant currencies. Outlook updated for Dremio and Prior Labs acquisitions.
The deal accelerates SAP's work in tabular foundation models and brings a leading AI research team.
The Commission concluded its probe with commitments providing clarity and flexibility for customers.
The deal accelerates agentic AI and expands SAP Business Data Cloud's ability to unify SAP and non-SAP data without data movement or conversion.
SAP will pay Prior Labs more than $1 billion over the next four years to help it scale. Plus, more billions raised by Under 30s.
The Federal Cartel Office will not initiate abuse proceedings against SAP in connection with allegations of obstructed data access.
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