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SAP SE (US) (MX:SAPN)
NYSE:SAPN

SAP SE (SAPN) Price & Analysis

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SAPN Stock Chart & Stats

$2790.00
$225.64(8.80%)
At close: 4:00 PM EDT
$2790.00
$225.64(8.80%)

Bulls Say, Bears Say

Bulls Say
Robust Cloud Backlog And BookingsA 26% increase in current cloud backlog to ~€23B provides durable forward revenue visibility for subscription-driven ARR. This backlog underpins multi-year recurring cash flows and supports predictable conversion into cloud revenue, cushioning the company through cyclical demand swings and accelerating SaaS mix.
High Margins And Strong Free Cash FlowSustained high gross and operating margins with ~€8.7B FCF indicate durable earnings quality and cash generation. Strong FCF and a ~0.92 FCF/net income conversion permit continued investment in growth, buybacks and R&D without forcing leverage, preserving strategic flexibility over the medium term.
AI Platform And Strategic Data M&ABuilding a Business AI platform and buying data/ingestion assets strengthens differentiated product moat by enabling real-time, governed data and agent capabilities. These structural moves increase stickiness with enterprise customers and support higher-value AI monetization over multiple years.
Bears Say
Near-term Margin Dilution From M&A And AI SpendSelective acquisitions and elevated AI/token and R&D investments will depress margins in the near-to-medium term. While strategic, integration and higher variable LLM costs reduce operating leverage and compress near-term profitability until synergies and AI monetization scale.
Declining Software License SalesA 32% drop in license revenue reflects secular migration from on-premise to cloud and introduces mix headwinds. Legacy license declines can make revenue recognition lumpy and pressure short-term margins and maintenance base, requiring faster cloud upsell to fully offset lost license economics.
Obligation Coverage Is ModestAlthough FCF is strong, an operating cash-to-obligations ratio near 0.48 signals that cash flow may not comfortably cover all stated obligations. This constrains discretionary spend or large bolt-on deals absent continued strong conversion and warrants monitoring of off-balance items and timing risks.

SAP SE News

SAPN FAQ

What was SAP SE (US)’s price range in the past 12 months?
SAP SE (US) lowest stock price was $2564.36 and its highest was $5950.00 in the past 12 months.
    What is SAP SE (US)’s market cap?
    SAP SE (US)’s market cap is $3.26T.
      When is SAP SE (US)’s upcoming earnings report date?
      SAP SE (US)’s upcoming earnings report date is Oct 21, 2026 which is in 86 days.
        How were SAP SE (US)’s earnings last quarter?
        SAP SE (US) released its earnings results on Jul 23, 2026. The company reported $31.538 earnings per share for the quarter, missing the consensus estimate of $35.112 by -$3.574.
          Is SAP SE (US) overvalued?
          According to Wall Street analysts SAP SE (US)’s price is currently Undervalued. Get more investment ideas with TipRanks Premium
            Does SAP SE (US) pay dividends?
            SAP SE (US) does not currently pay dividends.
            What is SAP SE (US)’s EPS estimate?
            SAP SE (US)’s EPS estimate is 36.37.
              How many shares outstanding does SAP SE (US) have?
              SAP SE (US) has 1,228,504,300 shares outstanding.
                What happened to SAP SE (US)’s price movement after its last earnings report?
                SAP SE (US) reported an EPS of $31.538 in its last earnings report, missing expectations of $35.112. Following the earnings report the stock price went up 8.799%.
                  Which hedge fund is a major shareholder of SAP SE (US)?
                  Currently, no hedge funds are holding shares in MX:SAPN
                  What is the TipRanks Smart Score and how is it calculated?
                  Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

                    Company Description

                    SAP SE (US)

                    SAP SE, founded in Walldorf, Germany, in 1972, is a global provider of diverse software applications, technology, and services. The company's core enterprise resource planning (ERP) platform, SAP S/4HANA, offers robust functionalities for finance, risk management, project execution, procurement, manufacturing, supply chain optimization, asset management, and research and development. For human resources, SAP delivers SuccessFactors solutions, which encompass HR and payroll, talent and employee experience management, and comprehensive people and workforce analytics. Additionally, SAP provides spend management tools designed to handle direct and indirect expenditures, travel and expense reporting, and external workforce administration. SAP further extends its portfolio with customer experience solutions and the SAP Business Technology Platform, empowering both clients and partners to develop, integrate, and automate applications. Its SAP Business Network serves as a crucial business-to-business collaboration platform, digitizing key supply chain processes and facilitating seamless communication among trading partners. The company also offers SAP Signavio for discovering, analyzing, and enhancing business process operations, alongside modular industry-specific cloud solutions. Through Taulia, SAP provides working capital management solutions, helping customers improve liquidity visibility and mitigate the effects of inflation. Completing its extensive offerings, SAP also provides a range of sustainability solutions and services.

                    SAP SE (SAPN) Earnings & Revenues

                    SAPN Company Deck

                    SAPN Earnings Call

                    Q2 2026
                    0:00 / 0:00
                    Earnings Call Sentiment|Positive
                    The call emphasized strong top‑line momentum (CCB +26%, cloud revenue +24%, total revenue +11%), robust cash flow (EUR 3.0B) and successful product and AI platform launches with early customer proof points and high Beta interest. At the same time, management flagged near‑term margin dilution from selective M&A, elevated R&D/tokens and marketing investments, a decline in software license sales, and macro uncertainty that could slightly decelerate backlog growth into year‑end. Overall, the business trajectory and pipeline signal confidence in longer‑term AI‑driven growth, while short‑term profitability is being modestly tempered by investment and integration costs.View all MX:SAPN earnings summaries

                    SAPN Stock 12 Month Forecast

                    Average Price Target

                    $3,825.01
                    ▲(37.10% Upside)
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<span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 8,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 1, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":5338.315,"date":1754006400000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 5,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 2, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":5037.078,"date":1756684800000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n       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style=\"color:#199ca5\">Buy 9,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 1, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":4351.64,"date":1764547200000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 8,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 1, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":4340.302,"date":1767225600000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 9,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 1, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":3382.744,"date":1769904000000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 10,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 1, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":3357.064,"date":1772323200000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 11,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 1, \t&nbsp;</span>\n              <span  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