SAP SE
Consumer Cyclical · EUR · F
Price
€4.094
Cap
€795.03M
Earnings
4/4 beat
30d Trend
+4.7%
Near 52-week lows — potential value or falling knife
Target range: €200 – €375 (consensus: €288)
Consensus: Moderate Buy
Earnings history
Q1 2026
BEAT
2.01 vs 1.92
Q4 2025
BEAT
1.89 vs 1.76
Q3 2025
BEAT
1.85 vs 1.69
Q2 2025
BEAT
1.7 vs 1.63
53% annualised over 90 days
Key macro factors
AI Disruption and Adoption: The rapid advancements in AI, particularly generative AI, present both opportunities and challenges for SAP. While the company is heavily investing in AI integration and acquisitions, market anxiety persists regarding potential disruption to traditional software licensing models and intensified competition within the enterprise software sector.
Macroeconomic Headwinds and Sales Cycle Elongation: Ongoing macroeconomic uncertainties, including new geopolitical concerns and broader economic slowdowns, are leading to elongated sales cycles in key sectors such as the US public sector and industrial manufacturing. This can impact SAP's cloud backlog growth and overall revenue performance in the near term.
Cloud Momentum and Transition to Consumption-Based Pricing: SAP is in a significant transition toward cloud-first strategies, demonstrating strong cloud revenue and backlog growth. However, investor sentiment is influenced by concerns about the pace of cloud conversions and execution risks associated with the shift to consumption-based pricing models for AI services.
Founded in Germany in 1972, SAP SE is a multinational software company that is the world's largest provider of enterprise application software, offering solutions for enterprise resource planning (ERP), supply chain management, procurement, and customer relati…
BRAIN47 SIGNAL
Raw weighted: 74×Macro 0.99 (−1%)=73
RISK
QUALITY
MOMENTUM
TECHNICAL
FUNDAMENTALS
Macro: neutral (×0.99) - Fear/Greed: 64 (Greed) - Data: 100%
BRAIN47 HORIZON ANALYSIS
6-9 month momentum thesis — strong trend with confirmation
BRAIN47'S ASSESSMENT
I rate SAP SE at 73/100 — a ELITE reading on the Brain47 Signal. The strongest factor is fundamentals at 90/100. I classify this as a growth position with the strongest thesis on a medium-term horizon.
PAST PERFORMANCE
1 MONTH
+2.9%
3 MONTHS
+7.2%
12 MONTHS
+34.2%
Trailing returns — past performance, not a projection.
DETAILED ANALYSIS
6-9 month momentum thesis — strong trend with confirmation. Fundamentals (90) and Momentum (81) are the primary strengths. Historical volatility is elevated at 53%. I classify this as a growth position — strong momentum combined with solid fundamentals points to capital appreciation.
Recent news (6)
Ericsson Scales AI Across the Enterprise with a Business Data Fabric and SAP
On May 21, 2026, Ericsson announced its collaboration with SAP to scale AI across its enterprise by utilizing a Business Data Fabric and SAP solutions. This partnership demonstrates how major global enterprises are leveraging SAP's technology for more effective data integration and management to support their AI initiatives. The adoption by Ericsson underscores the critical role of SAP's offerings in facilitating AI-driven transformations for large organizations.
SAP Bets $1B on AI Acquisitions to Lock In Enterprise Data
MarketBeat reported on May 8, 2026, that SAP is investing $1 billion in AI acquisitions to strengthen its position in enterprise data management. This substantial investment highlights SAP's strategic intent to integrate advanced AI capabilities into its product portfolio. The move aims to ensure SAP remains a dominant player in providing AI-powered solutions that leverage and secure critical enterprise data.
SAP Completes Acquisition of Reltio
SAP announced on May 7, 2026, the completion of its acquisition of Reltio, a leading master data management (MDM) software provider. This acquisition is pivotal for SAP's strategy to make both SAP and non-SAP enterprise data 'AI-ready'. Reltio's tools will enable customers to unify, cleanse, and harmonize data across various sources, enhancing SAP's capabilities for enterprise-wide agentic AI.
SAP to Acquire Dremio to Unify SAP and Non-SAP Data to Power Agentic AI
SAP SE announced on May 4, 2026, its agreement to acquire Dremio, an open, high-performance data lakehouse platform. This strategic acquisition aims to enhance SAP Business Data Cloud's ability to unify both SAP and non-SAP data, accelerating agentic AI capabilities and enabling real-time analytical and AI workloads. The deal underscores SAP's focus on providing comprehensive data management and AI solutions to its enterprise customers.
SAP to Acquire Prior Labs to Establish a Globally Leading Frontier AI Lab in Europe
On May 4, 2026, SAP SE announced its definitive agreement to acquire Prior Labs, a pioneer in Tabular Foundation Models (TFMs). This acquisition is part of SAP's plan to establish a globally leading frontier AI lab in Europe, with a commitment to invest over €1 billion over four years. Prior Labs' expertise in TFMs, exemplified by its top-ranked TabPFN-2.6, will be integrated into SAP's AI ecosystem, with the transaction expected to close in Q2 or Q3 2026.
SAP Unveils the Autonomous Enterprise to Enhance Critical Business Workflows
At its SAP Sapphire 2026 conference on May 12, 2026, SAP SE introduced its 'Autonomous Enterprise' initiative, alongside a unified Business AI Platform. This new platform aims to integrate AI capabilities, including autonomous agents, across enterprise operations to enhance critical business workflows. The move reflects SAP's commitment to leveraging AI to improve its software offerings and address evolving market demands.
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