Nokia reported quarterly profit ahead of analysts’ expectations, driven by demand for networking equipment used in AI data centers. Net sales reached €5.154 billion, up 10% year over year, while sales to AI and cloud customers surged 123%. Orders from that customer group rose 118% to €1.5 billion, and the comparable operating profit margin reached 11.7%, an increase of 2.2 percentage points. Nokia maintained its target of €2.1 billion to €2.6 billion in comparable operating profit for 2026 and expects its Network Infrastructure division to grow by 12% to 14%. The company is also accelerating the integration of Infinera, which is due to be completed before the end of 2026, and has completed the first live call on an AI-enabled radio access network with NVIDIA and T-Mobile.
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