Nokia Sees Strong AI and Data-Center Demand Lifting Third-Quarter Sales
Nokia's network infrastructure sales rose 17% in the third quarter, AI and cloud orders reached 1.5 billion euros, and 2026 profit guidance was kept.
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what happened
According to Dow Jones Newswires, the Finnish company posted third-quarter sales of 5.15 billion euros and operating profit of 196 million euros. Its network infrastructure unit, which houses AI and data-center networking technology, grew 17% year on year, mainly on demand from customers in the Americas. The company also booked 1.5 billion euros of orders from AI and cloud customers during the quarter.
Mobile infrastructure sales rose 5%, with Japan, India and the Europe, Middle East and Africa region posting the strongest growth. Nokia kept its 2026 comparable operating profit forecast at 2.1 billion to 2.6 billion euros, but raised its restructuring and cost-saving charges to 1.1 billion euros from 800 million euros previously.
why it matters
For markets, the results signal that demand for AI networking equipment remains firm and partly offsets softness in the mobile business. Higher restructuring costs and expected cash outflows of 800 million to 900 million euros in 2026 are worth factoring into cash flow expectations. Investors will watch how quickly the new orders convert into revenue.
market impact
Nokia and AI network infrastructure suppliers: strong demand supports the sector, while restructuring costs weigh on cash flow.
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instruments
sources
- Nokia Reports Continued Strength From AI, Data-Center Rollout — Dow Jones Newswires, 22 October 2026 at 05:41 UTC
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