Nokia Q2 revenue expands 8% to €4.82 billion

• Nokia reported second-quarter net sales of €4.82 billion, up 8% as reported and 9% at constant currency.
• Nokia’s US-listed shares were down 3.1% at $10.28 in premarket trading following the results.
• AI and cloud orders reached €2.8 billion, with Nokia expecting about half to convert into revenue within 12 months.

Nokia (NYSE:NOK) reported second-quarter net sales of €4.82 billion, up 8%, as AI and cloud demand supported growth.

Comparable operating profit rose 18% to €434 million, exceeding the €382 million analyst estimate, while comparable operating margin reached 9%.

Nokia recorded a €50 million operating loss after accelerating restructuring, with related 2026 charges now forecast at €800 million.

Following the announcement, Nokia's share price was down 3.1% at $10.28 in premarket trading.

AI and cloud sales increased 105% to €446 million, while Nokia received €2.8 billion of orders from those customers.

Looking ahead, Nokia revised its 2026 comparable operating-profit range to €2.1 billion–€2.6 billion, citing the discontinued-operations reclassification.