SAP SE

SAP: XETR (DEU)

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SAP Earnings: Fundamentals Remain Strong but Macroeconomic Risks Higher; Shares Fairly Valued

Rob Hales

Jul 23, 2025

SAP's second-quarter results were in line with company-compiled consensus, and 2025 guidance was maintained. However, the sales cycle elongated in certain sectors. Shares were down 4% intraday.

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SAP SE

SAP Earnings: Fundamentals Remain Strong but Macroeconomic Risks Higher; Shares Fairly Valued

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