Nokia Q1 operating profit surges 54%, ups infrastructure growth guidance
Nokia's Q1 comparable operating profit rose 54% to €281 million on AI and cloud orders worth €1 billion, while comparable net sales held at €4.5 billion and AI/customer sales grew 49%. The company lifted its network infrastructure growth guidance to 12%-14% from 6%-8% and optical networks sales jumped 20%.
1. Strong Q1 Profit Growth
Nokia posted a comparable operating profit of €281 million in the first quarter of 2026, up 54% from €183 million a year earlier, surpassing the €250 million consensus estimate and reflecting improved margins in its network infrastructure business.
2. AI and Cloud Demand Surge
The company secured €1 billion in orders from AI and hyperscale cloud customers, driving comparable net sales to €4.5 billion and delivering a 49% year-over-year increase in revenue from AI and cloud segments.
3. Raised Growth Outlook
Nokia raised its full-year network infrastructure net sales growth forecast to 12%-14%, up from 6%-8%, while the optical networks segment delivered a 20% year-over-year sales increase, highlighting strong demand for fibre-optic transport solutions.