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Nokia business transition and financial performance

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2026-10-22 06:28 UTC → 2026-10-22 21:46 UTC · added ~~removed~~

Nokia has transitioned from a mobile phone manufacturer to a provider of mobile network infrastructure, including 5G, data center infrastructure, and optical solutions. This strategic pivot has resulted in significant stock growth compared to its 2012 downturn. In the third quarter of 2026, the company reported financial results that exceeded analyst expectations. Net sales rose 10% year-over-year to €5.154 billion, fueled largely by a 123% increase in sales to AI and cloud ~~customers.~~ customers, with new orders in that sector reaching €1.5 billion. The Network Infrastructure segment saw growth in both IP and Optical Networks, with IP Networks jumping 43% and Optical Networks increasing by 18%. Comparable operating profit for the quarter rose to €605 million, up from €435 million in the prior-year period. CEO Justin Hotard noted that the company is investing in areas to differentiate itself from competitors, including collaborations with hyperscalers like Google. Additionally, Nokia reported that the integration of Infinera is progressing ahead of schedule, with completion expected by the end of 2026. Despite the strong earnings, Nokia's stock experienced volatility in the Helsinki market due to concerns regarding cash flow outlooks and the impact of restructuring costs. The company maintained its full-year comparable operating profit guidance of €2.1 billion to €2.6 billion.

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