Overview
- Both companies, which reported late Thursday, topped expectations, with Intel raising next‑quarter revenue guidance and shares jumping after hours.
- SAP’s cloud revenue rose about 19% in Q1 and its cloud backlog reached roughly €21.9 billion, as the company kept its 2026 targets for strong cloud growth and operating profit.
- SAP is leaning into AI to reshape its model, targeting about €2 billion in annual efficiency gains by end‑2028 and funding a roughly €70 million retention pool to keep high‑impact staff.
- Intel posted $13.6 billion in revenue, up 7%, delivered $0.29 in adjusted EPS, and still recorded a $4.28 billion net loss tied to restructuring, while its data‑center and AI unit grew 22% to $5.1 billion.
- Intel highlighted rising CPU demand for AI inference and agents and pointed to planned partnerships and 14A manufacturing with firms like Tesla and SpaceX, even as its foundry arm remains deeply loss‑making and workforce cuts continue.