SAP stock falls on fresh security notes and trimmed outlook

Published on 09/11/2026 at 15:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SAP stock traded at EUR 177.82 on September 10, 2026, after a 2.8 percent drop. Q2 revenue reached EUR 9.88 billion and EPS was EUR 1.89.

Modernes Open-Space-Büro mit Glasfronten und Entwickler-Arbeitsplätzen, natürliches Licht — SAP SE (DE0007164600) zeigt ein modernes Open-Space-Büro mit Glasfronten und Entwickler-Arbeitsplätzen bei natürlichem Tageslicht, Illustration mit AI erstellt.

SAP stock (ISIN DE0007164600) traded at EUR 177.82 on Xetra on September 10, 2026, after a 2.8 percent drop from the prior session. The move came as security notes stayed in view and the stock remained below the EUR 180 mark.

Q2 figures still matter

According to finanzen.ch, SAP reported Q2 2026 revenue of EUR 9.88 billion and earnings per share of EUR 1.89, compared with EUR 1.46 a year earlier. The same report said revenue rose 9.42 percent year on year.

That combination matters for investors because the top line still advanced while the profit line moved higher by EUR 0.43 per share. SAP also said Q3 2026 results are due on October 21, 2026, according to the same report.

Security notes keep pressure

According to Trading-Treff on September 10, 2026, SAP published 19 new security notes, and the article linked the cluster to weaker sentiment around the shares. The same report also placed the stock at EUR 178.16 on Xetra, down 1.1 percent on the day, after a prior close of EUR 180.18.

ad-hoc-news said SAP's Q2 cloud revenue rose 24 percent and the current cloud backlog increased 26 percent to EUR 22.9 billion, while full-year 2026 operating profit guidance was trimmed to EUR 11.8 billion to EUR 12.2 billion. For the market, that mix of stronger cloud activity and softer profit guidance is the key split.

Stock near 180 euros

SAP stock closed at EUR 177.82 on Xetra on September 10, 2026, with the prior session at EUR 182.86 in the other report cited above. The shares are trading just below the EUR 180 level that has become a short-term reference point.