SAP (SAP) stock fell after the software maker reported third-quarter profit that topped estimates while revenue missed amid analyst concerns that tariff-related disruptions delayed deals within its large manufacturing customer base. A key cloud-computing-related metric for SAP stock came in below expectations
SAP reported earnings after the market close on Wednesday. For the quarter ended Sept. 30, SAP earnings came in at 1.59 euros per share on an adjusted basis, up 37% from a year earlier. Revenue climbed 7% to 9.076 billion euros (about $10.54 billion). Analysts had estimated adjusted EPS of 1.49 euros on revenue of 9.11 billion euros.
Cloud computing subscriptions and support rose 27% to 5.29 billion euros (about $6.14 billion) vs. estimates of 5.328 billion euros.
SAP Stock: Shift To Cloud
SAP reports its own financial metric called Current Cloud Backlog, or CCB. It refers to the amount of revenue a software company expects to recognize in the future from contracts with customers. In Q3, CCB rose 23% to 18.8 billion euros (about $21.8 billion) vs estimates of 27% growth.
On the stock market today, NYSE-listed SAP stock fell more than 2% to 269.49 in extended trading.
In 2025, SAP stock in the U.S. had advanced 14% as of Wednesday’s regular session.
The U.S. Supreme Court recently declined to hear SAP’s bid to avoid a lawsuit by U.S. company Teradata that accused it of violating antitrust law.
Like Oracle (ORCL), SAP is moving away from software-license sales to subscription-based cloud services.
SAP stock holds a Composite Rating of 88 out of a best-possible 99, according to IBD Stock Checkup.
Follow Reinhardt Krause on X, formerly Twitter, @reinhardtk_tech for updates on artificial intelligence, cybersecurity and cloud computing.
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