Overview
- Nokia reported comparable operating profit up 54% to €281 million, beating estimates, on net sales of €4.5 billion that rose about 4%.
- AI‑cloud demand accelerated as sales to those customers rose 49% year over year and those buyers placed about €1 billion in orders.
- Optical Networks led infrastructure growth with sales up about 20%, reflecting heavier use of fiber links to move data between and within data centers.
- Nokia detailed its next wave of optical gear, with new digital signal processors slated to sample in mid‑2027 and its San Jose indium‑phosphide plant set to ramp later in 2026.
- The company kept its 2026 profit outlook at €2.0–€2.5 billion and lifted its view of the AI‑cloud market to 27% annual growth from 2025 to 2028 as supply‑chain lead times stretch.