SAP CEO Christian Klein is positioning the company’s new AI platform as a potential turning point in its effort to compete in enterprise software. The platform is scheduled to become generally available in the fall and is designed to let customers build agents using any large language model, supported by a broad context layer. Customers are already testing it. The push comes after SAP reported second-quarter sales of 9.88 billion euros ($10.8 billion), up 9% from a year earlier, while cloud sales rose 22%, earnings exceeded analyst estimates and cloud backlog increased 27%. SAP nevertheless modestly reduced its full-year 2026 main operating profit guidance to account for several acquisitions. Shares have fallen 13% year to date, compared with a 12% gain for the S&P 500. JPMorgan analyst Toby Ogg said SAP’s cloud backlog could decelerate further because of the large base created by completed migrations, while the company’s business-model transition and stronger competition add pressure. Klein has taken direct control of SAP’s AI strategy and cut headcount and other operating expenses. He said investors want evidence of the size of SAP’s AI business and that the key test over the next 12 months will be whether customer results translate into strong financial performance.