SAP SE (SAP) Earnings Call Transcripts
SAP SE's Latest Earnings Call - June 10, 2026
In the second quarter of fiscal year 2026, SAP SE reported a revenue of $7.9 billion, exceeding analyst expectations of $7.5 billion, marking a 10% year-over-year increase. Earnings per share (EPS) came in at $1.50, beating estimates by $0.20. Management maintained its full-year revenue guidance, projecting growth of 8-10%, but indicated a potential shift towards a more consumptive revenue model in AI offerings, which could impact future margins and revenue recognition.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $7.9B (beat) |
| EPS | $1.50 (beat) |
| Full-Year Revenue Guidance | 8-10% growth (inline) |
| Document AI Processed | 750 million documents (positive) |
| AI Units Sold | (positive) |
| Cloud Gross Margin | 80% (neutral) |
Guidance from management
SAP maintained its full-year revenue growth guidance of 8-10%, highlighting a strategic shift towards a consumptive model for AI offerings, which may impact future margins.
What management said
It's hard to say. I think this is difficult to overall put at this point in time into context, right, because there are so many other factors, right, that are also playing into that. I mean, we are overall very happy with general uptake, right, in terms of our customers are not only purchasing these AI units, but then, of course, also the uptake, right? And then we measure very consistently also the consumed ACV, so ...
What analysts pressed on
Analysts expressed concerns about the potential for runaway costs associated with the new AI offerings and the impact of the consumptive revenue model on overall profitability. There were also questions regarding the adoption rates of Joule and how quickly customers would see value from AI investments.
Main topics on the call
- AI Strategy and Roadmap — SAP is advancing its AI strategy with the introduction of Joule 2.0 and a comprehensive Business AI platform. Management stated, "we strive with the whole strategy to directly bring business outcome to the end customers,...
- Monetization of AI Offerings — SAP is shifting towards a consumptive model for AI, where customers purchase AI units for premium capabilities. Management explained, "the AI unit concept by nature is a consumptive model with consumptive revenue recogni...
- Document AI Adoption — Document AI has seen significant traction, processing 750 million documents in 2025. Management highlighted that this capability saves substantial manual entry time, stating, "if you would just stack this paper all up, y...
- Challenges with Joule — Management acknowledged previous limitations of Joule, noting issues with integration and accuracy. They stated, "Joule suffered from the same limitations any other chatbot in the enterprise space presented," but emphasi...
Read the full SAP SE transcript (June 10, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About SAP SE
SAP SE (SAP) is a publicly listed company in the Software industry, within the Information Technology sector. It trades on XTRA and is based in DE. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 139 calls on record spanning January 28, 2020 to September 8, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 139 SAP SE earnings call transcripts on record, spanning January 28, 2020 to September 8, 2026. Based on this history, SAP SE reports quarterly. The most recent call on file is dated September 8, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- SAP
- Exchange
- XTRA
- Country
- DE
- Sector
- Information Technology
- Industry
- Software
- Calls on record
- 139
- First call
- January 28, 2020
- Most recent
- September 8, 2026
- Reporting cadence
- quarterly