Stock Track | SAP SE Soars 6.98% in Pre-Market on Strong Q1 Earnings Beat and Robust Cloud Growth

Stock Track04-24 16:05

SAP SE's stock surged 6.98% in pre-market trading on Friday, following the release of the company's better-than-expected first-quarter financial results after the prior day's market close.

The significant price movement was driven by SAP reporting quarterly adjusted earnings of $2.01 per share, which surpassed the analyst consensus estimate of $1.92. The company's cloud revenue, a key growth metric, reached €5.96 billion ($6.96 billion), representing a 19% year-over-year increase and exceeding market expectations. SAP also maintained its full-year 2026 cloud revenue guidance, signaling confidence in its ongoing business transformation.

CEO Christian Klein highlighted that the performance was supported by strong momentum in Business AI, with the company growing faster than the market and gaining share. The solid results and reiterated outlook helped reverse negative sentiment from the prior regular trading session.

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