Nokia Q3 profit rises 35% as AI and cloud sales grow 123%
AI summary
According to IT Home, Nokia reported Q3 2026 net sales of €5.15 billion, up 10% and above the cited market estimate of €5.06 billion. Adjusted operating profit rose 35% to €605 million, exceeding the cited estimate of €454 million. Net sales to AI and cloud customers grew 123%, while order intake increased 118%. Nokia maintained its forecast of €2.1 billion to €2.6 billion in full-year adjusted operating profit.
In-depth insight
Nokia combined a 35% rise in adjusted operating profit with a 123% increase in sales to AI and cloud customers, while network infrastructure sales grew 15% at constant currency.