SAP SE SAP is expanding its AI capabilities as it works to support growth in its cloud business. In the second quarter of 2026, SAP's cloud revenue increased 24% to €6.3 billion, supported by solid execution of on-premises-to-cloud ERP migrations across its installed base. Total revenue rose 11% to €9.9 billion. Current cloud backlog also grew 26% to nearly €23 billion, providing a forward-looking indicator of continued demand for SAP's cloud offerings. AI and SAP Business Data Cloud were embedded as key pillars in more than 90% of SAP's 50 largest deals, giving the company confidence for the second half of the year. SAP's new Business AI platform is built around three pillars: build, context and reason, and run and govern.
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