Nokia Stock Dips 2% Even After a 35% Profit Jump on AI Demand
Photo: CoinCentral
TLDR Nokia’s Q3 comparable operating profit rose 35% to 605 million euros, well above the 453 million euro estimate. Net sales climbed 10% to 5.15 billion euros, ahead of the 5.05 billion euro consensus. Sales to AI and cloud customers grew 123%, and orders from that group rose 118% to 1.5 billion euros. Nokia kept its 2026 comparable operating profit outlook at 2.1 billion to 2.6 billion euros. The CEO expects Optical and IP Networks to grow 25% to 30% in 2027. Nokia (NOKIA) stock was down about 2% on Thursday, even after the company beat Wall Street’s earnings estimates.
Source: CoinCentral
