SAP SE

SAP: XETR (DEU)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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SAP Earnings: Solid Results With Growing Confidence for 2026; Shares Slightly Undervalued

Rob Hales

Oct 23, 2025

SAP's third-quarter results were broadly in line with company-compiled consensus, and 2025 guidance was basically maintained. Management's confidence going into 2026 appears strong. Shares were down around 2% intraday.

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SAP SE

SAP Earnings: Solid Results With Growing Confidence for 2026; Shares Slightly Undervalued

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