Net profit attributable to Nokia reached 240 million euros for January to September 2026, up 120% on the same period of 2025, on net sales of 14,402 million euros, up 7%.
The operating result dropped to 229 million euros for the nine months, which Nokia linked mainly to restructuring costs and amortisation and depreciation of intangible assets.
Sales to AI and cloud customers rose 123% year on year, and orders grew 118% to 1.5 billion euros, according to Wirtschafts Woche.
Comparable operating profit reached 605 million euros in the third quarter against 448 million a year earlier and 453 million expected by analysts, while shares fell more than 3% after the results.
Finnish telecom equipment maker Nokia reported net profit attributable to the company of 240 million euros for the first nine months of 2026, a rise of 120% on the same period of 2025. Net sales over the period reached 14,402 million euros, up 7%, while gross profit came to 6,298 million euros, a 7.7% increase on a year earlier. The operating result fell 43% to 229 million euros, which the company attributed mainly to restructuring costs and to amortisation and depreciation of intangible assets. The comparison covers January to September 2026 against the same months of 2025. Shares in the company dropped more than 3% after the figures were published on Thursday, 22 October.
In the third quarter alone, net profit attributable to Nokia rose 94.9% to 152 million euros, and net sales between July and September totalled 5,154 million euros, up 9.7%. Comparable operating profit reached 605 million euros, compared with 448 million a year earlier and above the 453 million euros analysts had expected on average, according to Wirtschafts Woche. Bloomberg attributed the beat to rising demand for data center networking equipment as investment in AI infrastructure grows. Comparable third-quarter sales also beat expectations, and the company kept its full-year outlook unchanged.
Data from the article text
The infrastructure business grew its sales 13% to 6,024 million euros in the first nine months, making it the faster-growing of the two divisions named in the figures. The mobile networks division rose 3% to 8,085 million euros over the same period. Regionally, sales in the Americas reached 5,129 million euros, up 9%, and Europe, the Middle East and Africa recorded 6,194 million euros, also up 9%. Asia Pacific sales rose 1% to 3,081 million euros. The regional split is shown in the chart below.
Data from the article text
Sales to customers in artificial intelligence and cloud rose 123% year on year, and orders from that group grew 118% to 1.5 billion euros, according to Wirtschafts Woche. Chief executive Justin Hotard said the company expects its combined optical and IP networking business to grow between 25% and 30% in 2027. The integration of Infinera, a US specialist Nokia acquired, is moving faster than planned and should be completed by the end of 2026. Hotard said overall growth is accelerating and that he is confident about long-term value for shareholders. Nokia shares have gained 48% since the start of 2026, according to Wirtschafts Woche, but they fell more than 3% after the accounts were published.
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Nokia reported nine-month net profit of 240 million euros, while its operating result fell 43% to 229 million euros on restructuring and amortisation costs, with AI and cloud orders rising sharply.
AI text based on reports by europa press, SAPO, Notícias ao Minuto and other publishers. Published .