Nokia Q2 profit up 18% as AI data-centre demand fuels cloud sales
▼ Summary
– Nokia’s comparable operating profit for Q2 2026 was €434 million, an 18% increase year-over-year and above analyst forecasts of €382 million.
– Net sales rose 8% to €4.82 billion, or 9% at constant currency, driven by companies building AI data centres.
– The profit growth was partly due to increased demand from AI data centre construction.
– The article’s headline and summary focus on Nokia’s financial results tied to AI infrastructure demand.
– The full story continues on The Next Web, with the provided text being an excerpt.
Nokia has delivered a stronger-than-expected second quarter performance, with comparable operating profit climbing 18% year-on-year to €434mn. That figure comfortably surpassed the €382mn consensus forecast from analysts polled by LSEG, underscoring the company’s ability to capitalise on surging demand tied to AI data-centre infrastructure.
Net sales for the quarter reached €4.82bn, an 8% increase from the prior year. On a constant-currency basis, revenue growth accelerated to 9%. The primary driver behind this momentum is the race among technology firms to build and expand AI data centres, a trend that has directly boosted Nokia’s cloud and network equipment sales. As hyperscalers and enterprises rush to deploy the computational power needed for large-scale AI workloads, the Finnish telecom giant is reaping the benefits of its strategic focus on this high-growth segment.
(Source: The Next Web)
