SAP Reports Q1 Revenue of €9.56B
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 23 2026
0mins
Should l Buy SAP?
Reports Q1 revenue EUR 9.56B vs. EUR 9.01B last year. Christian Klein, CEO: "We had a strong start to the year, with Current Cloud Backlog growing by 25% and Cloud Revenue up 27% at constant currencies. This performance is supported by our momentum in Business AI as we are already delivering real outcomes for customers today. We are growing faster than the market and are gaining share as customers expand across our Suite and with our AI solutions. At Sapphire, we will show how we are taking the next leap forward."
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Analyst Views on SAP
Wall Street analysts forecast SAP stock price to rise
8 Analyst Rating
7 Buy
1 Hold
0 Sell
Strong Buy
Current: 170.760
Low
30.28
Averages
297.01
High
401.93
Current: 170.760
Low
30.28
Averages
297.01
High
401.93
About SAP
SAP SE (SAP) is a Germany-based application software company. The Company operates through two segments Applications, Technology & Support (ATS) segment and its Core Services segment. The ATS segment covers the Company’s integrated product portfolio and includes cloud subscription offerings, support services, and training solutions. It also encompasses activities related to operating cloud technologies and delivering customer support associated with its software products. The Core Services segment complements the Company’s product portfolio by delivering consulting and premium support services to assist customers in adopting its innovations. Revenue in this segment is primarily derived from professional services and enhanced support offerings, while costs arise from the execution of these service activities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
SAP Acquires Dremio and Prior Labs to Enhance AI Capabilities
- Acquisition of Dremio: German software giant SAP has announced the acquisition of data platform provider Dremio, with terms undisclosed; this move is expected to significantly enhance SAP Business Data Cloud's ability to handle real-time analytics and AI workloads, enabling customers to transform raw data into governed AI intelligence.
- Data Readiness for AI: SAP's CTO, Philipp Herzig, emphasized that the bottleneck in enterprise AI lies in data readiness, and Dremio's high-performance data lakehouse platform will eliminate this barrier, thereby improving customer efficiency and effectiveness in AI agent applications.
- Acquisition of Prior Labs: SAP also announced the acquisition of Prior Labs, a provider of Tabular Foundation Models, committing over €1 billion in the next four years to scale it into a globally leading AI lab for structured data, further advancing AI technology.
- Strategic Investment: This acquisition not only showcases SAP's ambitions in the AI sector but also indicates its commitment to enhancing product competitiveness through the integration of advanced data processing capabilities, which is expected to positively impact future business growth.
See More
SAP Acquires Prior Labs to Enhance AI Capabilities
- Acquisition of Prior Labs: SAP SE is acquiring Prior Labs to expand its AI initiatives, committing over €1 billion in the next four years to develop it into a globally leading frontier AI lab focused on structured data that drives business operations worldwide.
- Commitment to Independent Operation: Prior Labs will continue to operate as an independent entity, a strategy that not only helps maintain its innovative capabilities but also enhances SAP's competitiveness in the AI sector, further solidifying the company's leadership in digital transformation.
- Impact of Open-Source Tool: Prior Labs' TabPFN tool has achieved over 3 million downloads, becoming a widely adopted open-source tool that supports a dynamic developer ecosystem, which will provide SAP with additional developer resources and market opportunities.
- Pending Regulatory Approval: The transaction is still pending regulatory approval, and while the terms of the deal remain undisclosed, SAP's strategic investment underscores its long-term commitment to the AI sector, which is expected to positively impact future business growth.
See More
SAP Acquires Prior Labs to Accelerate TFM Development
- Acquisition Agreement: SAP has entered into a definitive agreement to acquire Prior Labs, expected to close in Q2 or Q3 of 2026, with SAP committing over €1 billion to enhance TFM's global leadership, thereby solidifying its early mover advantage in enterprise AI.
- Independent Operation Model: Prior Labs will continue to operate as an independent entity, a strategy that not only ensures research agility but also leverages SAP's resources and customer network to drive innovation and market penetration in structured data AI.
- Significant Technical Advantage: Prior Labs' TabPFN-2.6 model excels in the TabArena benchmark, achieving accuracy comparable to a four-hour automated machine learning pipeline with minimal complexity, thus providing SAP customers with more efficient business decision-making support.
- Industry-Leading Potential: By combining Prior Labs' frontier models with SAP's enterprise data, SAP will have the opportunity to establish an industry-leading AI research lab, driving the productization of TFMs and helping customers better understand causation, thereby enhancing business value.
See More
SAP Acquires Dremio to Enhance AI Capabilities
- Acquisition Announcement: SAP has announced its acquisition of Dremio, a high-performance data lakehouse platform designed to accelerate agentic AI and enhance the SAP Business Data Cloud's ability to effectively handle real-time analytical and AI workloads.
- Integration Benefits: Dremio will eliminate data fragmentation and integration friction, enabling seamless integration of SAP and non-SAP data, thereby enhancing the value delivery capability of enterprises in AI projects while reducing costs.
- Technological Innovation: By integrating the Dremio platform with SAP Business Data Cloud, SAP will achieve an Apache Iceberg-native enterprise lakehouse that unifies SAP and non-SAP data, improving real-time transaction and operational performance.
- Future Outlook: The transaction is expected to close in Q3 2026, with SAP committed to continuing investments in Dremio's open-source projects, further driving the economic benefits and intelligence of enterprise analytics.
See More
SAP Acquires Prior Labs to Accelerate TFM Development
- Strategic Acquisition: SAP has entered into a definitive agreement to acquire Prior Labs, committing over €1 billion to advance Tabular Foundation Models (TFMs), thereby reinforcing SAP's leadership in the enterprise AI sector.
- Independent Operation: Prior Labs will continue to operate as an independent entity, leveraging SAP's resources and customer base to enhance its research and application capabilities in structured data AI, which is expected to significantly boost its market competitiveness.
- Technological Innovation: Prior Labs' TabPFN-2.6 model has excelled in the TabArena benchmark, achieving accuracy comparable to a four-hour automated machine learning pipeline with minimal complexity, which is anticipated to provide SAP customers with more efficient business decision-making support.
- Future Outlook: The transaction is expected to close in Q2 or Q3 of 2026, with SAP planning to transform Prior Labs' cutting-edge research into enterprise-ready innovations, enabling customers to derive greater value from their structured business data.
See More
Tangible Growth Partners with SAP Signavio to Enhance Strategy Execution
- Strategic Partnership Highlights: The collaboration between Tangible Growth and SAP Signavio establishes a two-way connection between corporate strategy and business process transformation, enabling leaders to monitor the effectiveness of transformation investments in real-time, thereby enhancing decision-making efficiency.
- Optimized Information Flow: By directly linking SAP Signavio's process intelligence capabilities with Tangible Growth's strategy execution platform, strategic priorities can be communicated directly to process owners, ensuring leadership receives timely signals of any divergence between operational reality and strategic assumptions.
- AI-Enabled Decision Making: As AI agents take on a larger role within enterprise systems, this integration allows them to make better decisions grounded in both process data and strategic context, thus accelerating the realization of value across transformation initiatives.
- Market Demand Response: This integration was developed in response to the needs of a shared customer base, aiming to shift organizations from static planning to continuous transformation, helping clients translate strategic objectives into data-driven operational improvement programs.
See More
SAP Acquires Dremio and Prior Labs to Enhance AI Capabilities
- Acquisition of Dremio: German software giant SAP has announced the acquisition of data platform provider Dremio, with terms undisclosed; this move is expected to significantly enhance SAP Business Data Cloud's ability to handle real-time analytics and AI workloads, enabling customers to transform raw data into governed AI intelligence.
- Data Readiness for AI: SAP's CTO, Philipp Herzig, emphasized that the bottleneck in enterprise AI lies in data readiness, and Dremio's high-performance data lakehouse platform will eliminate this barrier, thereby improving customer efficiency and effectiveness in AI agent applications.
- Acquisition of Prior Labs: SAP also announced the acquisition of Prior Labs, a provider of Tabular Foundation Models, committing over €1 billion in the next four years to scale it into a globally leading AI lab for structured data, further advancing AI technology.
- Strategic Investment: This acquisition not only showcases SAP's ambitions in the AI sector but also indicates its commitment to enhancing product competitiveness through the integration of advanced data processing capabilities, which is expected to positively impact future business growth.
See More
SAP Acquires Prior Labs to Enhance AI Capabilities
- Acquisition of Prior Labs: SAP SE is acquiring Prior Labs to expand its AI initiatives, committing over €1 billion in the next four years to develop it into a globally leading frontier AI lab focused on structured data that drives business operations worldwide.
- Commitment to Independent Operation: Prior Labs will continue to operate as an independent entity, a strategy that not only helps maintain its innovative capabilities but also enhances SAP's competitiveness in the AI sector, further solidifying the company's leadership in digital transformation.
- Impact of Open-Source Tool: Prior Labs' TabPFN tool has achieved over 3 million downloads, becoming a widely adopted open-source tool that supports a dynamic developer ecosystem, which will provide SAP with additional developer resources and market opportunities.
- Pending Regulatory Approval: The transaction is still pending regulatory approval, and while the terms of the deal remain undisclosed, SAP's strategic investment underscores its long-term commitment to the AI sector, which is expected to positively impact future business growth.
See More
SAP Acquires Prior Labs to Accelerate TFM Development
- Acquisition Agreement: SAP has entered into a definitive agreement to acquire Prior Labs, expected to close in Q2 or Q3 of 2026, with SAP committing over €1 billion to enhance TFM's global leadership, thereby solidifying its early mover advantage in enterprise AI.
- Independent Operation Model: Prior Labs will continue to operate as an independent entity, a strategy that not only ensures research agility but also leverages SAP's resources and customer network to drive innovation and market penetration in structured data AI.
- Significant Technical Advantage: Prior Labs' TabPFN-2.6 model excels in the TabArena benchmark, achieving accuracy comparable to a four-hour automated machine learning pipeline with minimal complexity, thus providing SAP customers with more efficient business decision-making support.
- Industry-Leading Potential: By combining Prior Labs' frontier models with SAP's enterprise data, SAP will have the opportunity to establish an industry-leading AI research lab, driving the productization of TFMs and helping customers better understand causation, thereby enhancing business value.
See More
SAP Acquires Dremio to Enhance AI Capabilities
- Acquisition Announcement: SAP has announced its acquisition of Dremio, a high-performance data lakehouse platform designed to accelerate agentic AI and enhance the SAP Business Data Cloud's ability to effectively handle real-time analytical and AI workloads.
- Integration Benefits: Dremio will eliminate data fragmentation and integration friction, enabling seamless integration of SAP and non-SAP data, thereby enhancing the value delivery capability of enterprises in AI projects while reducing costs.
- Technological Innovation: By integrating the Dremio platform with SAP Business Data Cloud, SAP will achieve an Apache Iceberg-native enterprise lakehouse that unifies SAP and non-SAP data, improving real-time transaction and operational performance.
- Future Outlook: The transaction is expected to close in Q3 2026, with SAP committed to continuing investments in Dremio's open-source projects, further driving the economic benefits and intelligence of enterprise analytics.
See More
SAP Acquires Prior Labs to Accelerate TFM Development
- Strategic Acquisition: SAP has entered into a definitive agreement to acquire Prior Labs, committing over €1 billion to advance Tabular Foundation Models (TFMs), thereby reinforcing SAP's leadership in the enterprise AI sector.
- Independent Operation: Prior Labs will continue to operate as an independent entity, leveraging SAP's resources and customer base to enhance its research and application capabilities in structured data AI, which is expected to significantly boost its market competitiveness.
- Technological Innovation: Prior Labs' TabPFN-2.6 model has excelled in the TabArena benchmark, achieving accuracy comparable to a four-hour automated machine learning pipeline with minimal complexity, which is anticipated to provide SAP customers with more efficient business decision-making support.
- Future Outlook: The transaction is expected to close in Q2 or Q3 of 2026, with SAP planning to transform Prior Labs' cutting-edge research into enterprise-ready innovations, enabling customers to derive greater value from their structured business data.
See More
Tangible Growth Partners with SAP Signavio to Enhance Strategy Execution
- Strategic Partnership Highlights: The collaboration between Tangible Growth and SAP Signavio establishes a two-way connection between corporate strategy and business process transformation, enabling leaders to monitor the effectiveness of transformation investments in real-time, thereby enhancing decision-making efficiency.
- Optimized Information Flow: By directly linking SAP Signavio's process intelligence capabilities with Tangible Growth's strategy execution platform, strategic priorities can be communicated directly to process owners, ensuring leadership receives timely signals of any divergence between operational reality and strategic assumptions.
- AI-Enabled Decision Making: As AI agents take on a larger role within enterprise systems, this integration allows them to make better decisions grounded in both process data and strategic context, thus accelerating the realization of value across transformation initiatives.
- Market Demand Response: This integration was developed in response to the needs of a shared customer base, aiming to shift organizations from static planning to continuous transformation, helping clients translate strategic objectives into data-driven operational improvement programs.
See More
