Global Market: Nokia Q2 profit beats estimates on strong AI, cloud demand; raises full-year outlook

Nokia reported Q2 operating profit of 434 million euros, up 18% year-on-year and beating estimates of 382 million euros, with comparable net sales of 4.82 billion euros also exceeding market expectations. Sales to AI and cloud customers doubled to 446 million euros, with 2.8 billion euros in new orders from the segment. The company raised full-year 2026 operating profit guidance to 2.1-2.6 billion euros from 2.0-2.5 billion euros, citing resilient AI infrastructure demand despite industry-wide memory chip cost pressures.