SAP WKN: 716460 ISIN: DE0007164600 Forum: Aktien Thema: Hauptdiskussion

SAP SE (SAP) Q2 2026 Earnings Call Highlights: Cloud Growth and AI Investments Drive Performance GuruFocus News 07/24/2026 06:00 + Positive Points SAP SE reported a strong Q2 with a 26% growth in current cloud backlog, indicating robust demand for its cloud offerings. Cloud revenue grew by 24% to EUR6.3 billion, driven by successful on-premise to cloud ERP migrations. The launch of the Autonomous Enterprise and Business AI platform received positive feedback, enhancing SAP SE (SAP)'s competitive positioning. SAP SE (SAP) is seeing significant productivity gains from AI, with a reported 30% increase in developer productivity. The company is maintaining its financial outlook for top-line parameters and free cash flow, demonstrating confidence in its strategic direction. Negative Points SAP SE (SAP) experienced a slight decline in services revenue as consultants were reallocated to AI adoption efforts. The operating profit growth decelerated to 9% in Q2, partly due to increased R&D investments and marketing expenses. The ongoing conflict in the Middle East is creating uncertainty and weighing on customer decision-making. Recent acquisitions, such as Dremio and Prior Labs, are expected to have a slightly dilutive impact on operating profit. There is a need for SAP SE (SAP) to manage token costs effectively to optimize AI-related expenses. https://www.gurufocus.com/news/8976670/sap-se-sap-q2-2026-earnings-call-highlights-cloud-growth-and-ai-investments-drive-performance?utm_source=marketwatch&utm_medium=syndication&utm_campaign=headlines&r=4bf001661e6fdd88d0cd7a5659ff9748&mod=mw_quote_news#google_vignette

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Q & A Highlights Q: Investors are surprised by the weaker second quarter and the cut for the full year. Can you discuss the room for margin expansion over the next 12 to 24 months and the AI investments' scale and time frame? A: Dominik Asam, CFO, explained that it's important to look at performance over several quarters rather than a single one. The operating leverage framework is respected, and the focus is on driving AI transformation and protecting the top line. The M&A acquisitions will impact operating profit, but the priority is aggressive growth. Christian Klein, CEO, added that the AI transformation doesn't require massive operational investments like the cloud transformation did, and productivity improvements are expected. Q: Given no deceleration in CCB, what is the visibility for cloud revenue for the rest of the year? How has the pipeline evolved post-Sapphire? A: Christian Klein, CEO, stated that predictability on cloud revenue is improving, and they are confident in hitting the guidance despite volatility. The pipeline post-Sapphire is better than expected, with strong customer feedback on the new platform. Customers realize the need to modernize landscapes while adopting AI, which supports the pipeline. Q: Can you elaborate on the recent acquisitions, specifically Prior Labs, and how you plan to monetize them? A: Christian Klein, CEO, explained that Prior Labs will enhance SAP's AI capabilities by providing accurate predictions using tabular AI models. The focus is on monetizing these capabilities through agents rather than the models themselves. Dominik Asam, CFO, added that SAP's unique data reservoir positions them well to leverage these technologies.

Weshalb? Klein verschleiert offensichtlich Dinge

Unterm Strich stärken die Zahlen das Vertrauen der Investoren in den Weg den SAP eingeschlagen hat

Da werden noch mehr Analysten Meinungen kommen… Sicher wird der eine oder andere auch erhöhen…

Der war gut 😂

wenn sich das kgv in der nächsten Handelsstunde nochmal um 4 Jahresdividenden erhöht, nicht.

Wenn digitale Souveränität in Europa dann nur mit dieser starken SAP ...💪📈

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24.07.26 09:05:00 ANALYSE-FLASH: Jefferies belässt SAP auf 'Buy' - Ziel 210 Euro NEW YORK (dpa-AFX Broker) - Das Analysehaus Jefferies hat die Einstufung für SAP DE0007164600 auf "Buy" mit einem Kursziel von 210 Euro belassen. Der Bestand an Cloud-Aboverträgen (CCB) sei höher als von ihm und vom Markt erwartet ausgefallen, schrieb Charles Brennan in einer am Freitag vorliegenden Studie. Dies deute auf eine starke Auftragsentwicklung im zweiten Quartal hin und sollte der Aktie angesichts ihrer niedrigen Bewertung kurzfristig einen Schub verpassen.

so wie dein depot meinst du? wie viel biste hier im Minus? :D

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