SAP (SAP GY) Q1 2026 (EUR): Adj. operating profit 2.87bln (exp. 2.73bln), revenue 9.56bln (exp. 9.56bln). To buy back EUR 10bln of shares.

SAP's Q1 2026 results show an adjusted operating profit beat, which may bolster investor confidence in the company's growth trajectory.

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Walmart 2026 Annual report and proxy statement: CEO Furner expressed confidence in the business model that delivered results, and highlighted investments in associates and AI-powered solutions to better serve customers and members.

SAP (SAP GY) Q1 2026 (EUR): Adj. operating profit 2.87bln (exp. 2.73bln), revenue 9.56bln (exp. 9.56bln). To buy back EUR 10bln of shares.

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  • Q1 Cloud revenue 5.96bln

FY Guidance

  • FY Adj. op. profit view 11.9-12.3bln (exp. 11.8bln).
  • Cloud revenue 25.8-26.2bln
  • FCF 10bln.
Context

Notably, the announcement of a €10 billion share buyback reflects a strong cash position and signals management's commitment to returning value to shareholders. The slightly elevated FY guidance further supports a positive outlook, particularly in the cloud segment, which is crucial for long-term growth.

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