SAP SE fell roughly 50% from its 2025 peak on AI disruption fears and weaker cloud backlog growth, and even after the rebound it trades about 30% below the peak. Q2 was better than feared, with current cloud backlog up 26% and cloud revenue up 24%, but guidance depends on a Middle East de-escalation that hasn't really happened. SAP's AI plan looks serious, but as an old company with over 110,000 employees, execution is the main risk, and it isn't part of the AI build-out.
Asian stocks dropped, tracking the weakness in U.S. technology stocks, as simmering geopolitical tensions continued to weigh on appetite for risky assets.
SAP's planned TechWolf acquisition aims to strengthen AI-driven talent management, skills mapping and workforce planning as enterprises adopt AI.
| Software Industry | Information Technology Sector | Christian Klein CEO | XMEX Exchange | US8030542042 ISIN |
| US Country | 112,019 Employees | 6 May 2026 Last Dividend | 28 Jul 1998 Last Split | - IPO Date |
SAP SE is a global powerhouse in the realm of applications, technology, and services, serving a vast array of industries worldwide. Since its inception in 1972, SAP has established itself as a leader in providing innovative software solutions that streamline business operations across various domains. With headquarters in Walldorf, Germany, SAP operates globally, offering a suite of services and applications that encompass nearly every aspect of business management, from finance and HR to supply chain and customer experience.