SAP (SAP) Q3 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- Adjusted EPS
- $2.12
- Estimate
- $2.09
- Surprise
- +1.7%
- Revenue (period 2026-09-30)
- $10.27B
- Score at report (before → after)
- 6.1 → 6.0/10
Revenue source: yfinance_provisional (provisional — SEC XBRL not yet filed for this period).
How the report landed
SAP (SAP) beat the $2.09 estimate with adjusted EPS of $2.12 — a modest 1.7% upside surprise. TrendMatrix's engine moved from Hold (6.1/10) to Sell at 6.0/10 after the report — the engine's score fell despite the beat.
Where TrendMatrix's rating stands now
TrendMatrix currently rates SAP Sell at 5.7/10.
3 of the last 4 quarters beat the estimate; this quarter's +1.7% surprise compares with a +2.2% four-quarter average. Next scheduled report: 2027-01-28.
What supports the rating
- V7 quality resilience bonus: +0.2 (Q=7.9 in RISK_OFF)
- Strong earnings beat streak (3/4)
What argues against it
- Thin upside margin: 3.1%
- Sector modifier (Technology): -0.8
- Overbought (RSI 84)
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $236.93
- Price target
- $244.33
- Stop
- $226.51
- Upside to target
- +3.1%
- Reward-to-risk
- 0.2:1
The stock trades at 29.5× trailing but 24.9× forward earnings — consensus estimates already build in a substantial earnings recovery.
Risk check: RSI 84 — a level conventionally read as overbought; gains at these levels often lean on momentum.
Model outputs from TrendMatrix’s engine as of 2026-10-29 — shown for context, not personalized investment advice.
SAP at TrendMatrix's latest read
Technology names get repriced on forward expectations more than trailing prints — a quarter here is read through next-year growth and multiple, not the EPS line alone.
- Industry
- Software - Application
- Market cap
- $273.47B
- P/E (fwd)
- 24.9
- P/E (ttm)
- 29.5
- 52-week range
- $144.97–$265.88
- Off 52-week high
- 10.9%
- RSI (14)
- 84
- Volume vs avg
- 0.74×
- Score today
- 5.7/10