Nokia Q2 profit beat as sales from AI, cloud doubled
AI and cloud customers doubled sales to €446 million, and Nokia booked €2.8 billion in new orders as it lifted full-year profit guidance.
- On Thursday, Nokia reported second-quarter comparable operating profit of 434 million euros, an 18% jump that surpassed the average analyst estimate of 382 million euros, driven by artificial intelligence and cloud customer demand.
- Comparable net sales reached 4.82 billion euros in the quarter, with revenue from AI and cloud customers doubling to 446 million euros as the group booked 2.8 billion euros in new orders.
- CEO Justin Hotard, who joined Nokia last year from Intel's Data Center & AI Group, said, "Demand remains strong, while supply continues to be the main industry constraint, prompting our customers to place longer-term orders."
- Nokia raised its full-year comparable operating profit guidance range to between 2.1 billion euros and 2.6 billion euros, reflecting confidence in sustained growth momentum.
- Rival Swedish telecom equipment maker Ericsson warned last week that rising memory chip costs driven by AI demand could hit margins, though Nokia continues navigating these industry-wide supply constraints.
39 Articles
39 Articles
AI, Cloud Boosted Sales In Second Quarter, Says Nokia
Finnish telecommunications equipment maker Nokia said that demand for its AI and cloud services drove sales higher in the second quarter, but restructuring charges ate into earnings. The second quarter “demonstrates our strategy is delivering results,” chief executive Justin Hotard said in a statement. “Since we set out our plan late last year, Team Nokia has focused on maximising our opportunity in the AI supercycle. I am encouraged by the exec…
Nokia's profit in the second quarter far exceeded analysts' forecasts, driven by the Finnish mobile network equipment manufacturer's strategy of providing equipment for data centers. Adjusted operational profit rose to € 434 million (US$ 496 million) in the period, informed the company based in Espoo in press release this Thursday. This value compares to the average estimate of analysts, of about € 372.3 million, according to data compiled by Bl…
Network equipment manufacturer Nokia reported better-than-expected results in the second quarter of 2026, with the company's operating profit increasing to 434 million euros.
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