On October 21, 2026, SAP published its quarterly statement for the third quarter of 2026, filed with the U.S. SEC as a Form 6-K exhibit. Current cloud backlog reached 24.1 billion euros, up 28% (26% at constant currencies). Cloud revenue rose 26% to 6.67 billion euros, Cloud ERP Suite revenue rose 29%, and total revenue rose 13% to 10.27 billion euros. IFRS operating profit rose 18%.
CEO Christian Klein framed the quarter around AI: “Our Autonomous Enterprise strategy is not just resonating, it is being adopted,” adding that customers are investing “from the cloud and data foundation to our Business AI” and that “Joule Work makes the business case for their transformation more attractive than ever.” CFO Dominik Asam said SAP crossed 10 billion euros of quarterly revenue and 3 billion euros of non-IFRS operating profit for the first time.
SAP raised its 2026 outlook, now expecting cloud revenue toward the upper end of its 25.8 to 26.2 billion euro range. The statement also tallies the AI and data acquisitions closed this year: Reltio (about 1.26 billion dollars, closed May 7), Dremio (closed July 6) and Prior Labs, the tabular foundation model company (about 518 million euros, closed July 16), which together contributed 49 million euros of revenue in the quarter.
Why it matters: SAP is the largest European enterprise software company and sits on the core financial and supply-chain records of many large firms. Its pitch to customers is now explicitly agentic, and the backlog number is the best available sign of whether customers are signing multi-year cloud contracts on the strength of that pitch.
What it does not show: SAP does not disclose revenue from AI products specifically, so the share of growth caused by AI rather than ordinary cloud migration is not separable. The statement itself notes that cloud revenue growth was helped by a one-off multi-quarter catch-up from customers returning from financial distress.