- Q3 comparable operating profit rose to 605 million euros from 448 million euros a year earlier, above the 453 million euro company-provided poll average.
- Q3 comparable net sales rose 10% to 5.15 billion euros, versus a company-provided consensus of 5.05 billion euros.
- Group net sales to AI and cloud customers grew 123% year-on-year, and order intake from those customers rose 118% to 1.5 billion euros.
- Nokia maintained its full-year financial outlook and guided Optical and IP Networks to grow 25% to 30% in 2027.
- Nokia shares are up 48% year-to-date.
- Ahead of results, analysts flagged component supply for AI and cloud orders as the key focus, and Nokia had said it was tracking somewhat above the midpoint of its FY26 comparable operating profit guidance range of 2.1 billion to 2.6 billion euros.
Quotes
“We expect our combined Optical and IP Networks businesses to grow between 25% and 30% in 2027”
“Overall, growth is accelerating, operating leverage is becoming more visible and I'm confident in the long-term shareholder value Team Nokia is creating”