SAP's Q4 Earnings & Revenues Up Y/Y, Stock Down on Weak Cloud Backlog

Key Takeaways SAP delivered Q4 non-IFRS EPS of 1.62 euros, up 16% year over year, fueled by strong cloud bookings.SAP Business AI featured in two-thirds of cloud order entry, highlighting AI's role in deal conversion.SAP shares fell 18% pre-market as cloud backlog growth and 2026 cloud revenue guidance disappointed.SAP SE (SAP) reported fourth-quarter 2025 non-IFRS earnings per share (EPS) of €1.62, which increased 16% from the year-ago quarter. SAP’s fourth quarter was defined by strong cloud bookings and ...