Nokia Reports Stronger Second Quarter Results with AI-Driven Growth
Nokia reported stronger-than-expected second-quarter results for fiscal year 2026, driven by increased demand from AI and cloud customers. The company saw a 9% constant-currency net sales growth, led by its Network Infrastructure segment, which contributed to an improved gross margin of 46%. Sales in the AI and cloud sector more than doubled to EUR 446 million, with order intake reaching EUR 2.8 billion. Management noted that while these orders were significant, they are lumpy in nature, with about half expected to convert into revenue within the next year. Nokia also highlighted strategic investments in technologies like AI-RAN and optical capacity expansion across several U.S. locations. The company maintained its full-year outlook but warned of a temporary dip in third-quarter mobile margins before an anticipated recovery later this year.
Tickers: $NOK
Topics: AI cloud computing margins network infrastructure revenue growth