Overview
- Nokia reported stronger‑than‑expected second‑quarter results that sent the stock higher after the open, with revenue roughly €4.82 billion and earnings per share above consensus.
- Sales to AI and cloud customers more than doubled year‑over‑year and Q2 order intake from those clients nearly tripled versus Q1, driving the upside in Network Infrastructure.
- Management raised full‑year comparable operating profit guidance to a range of €2.1 billion to €2.6 billion and declared a €0.04 per‑share dividend.
- Shares had rallied into the print following partnership news with Nvidia and a 5G deal with Taiwan Mobile, leaving the stock trading at elevated forward multiples that make execution important.
- Analysts are split on the outlook but JPMorgan and other buy‑side firms remain positive, so markets will watch detailed segment data and margin trends released after the group summary to judge sustainability.