Nokia's third-quarter profit beats expectations amid booming AI sales
NOK•Nokia's third-quarter comparable operating profit rose to 605 million euros from 448 million euros a year earlier, beating the 453 million euro estimate. Comparable net sales increased 10% to 5.15 billion euros, and the company maintained its full-year outlook.
1. Profit tops estimates
Comparable operating profit rose to 605 million euros in the third quarter of 2026, compared with 448 million euros a year earlier and an average estimate of 453 million euros. Comparable net sales increased 10% to 5.15 billion euros, above the 5.05 billion euro consensus.
2. AI and cloud growth
Nokia said sales to AI and cloud customers grew 123% year on year, while order intake from those customers rose 118% to 1.5 billion euros. CEO Justin Hotard said the company expects its combined Optical and IP Networks businesses to grow between 25% and 30% in 2027. Nokia maintained its full-year financial outlook.
