Nokia reported comparable operating profit of €434mn for the second quarter of 2026, up 18% on the same period last year and comfortably ahead of the €382mn that analysts polled by LSEG had forecast.
Net sales rose 8% to €4.82bn, or 9% at constant currency, lifted by the companies racing to build AI data centres.
The beat extended a run that began earlier in the year, when comparable operating profit jumped 54% in the first quarter.
For the first half, net sales reached €9.25bn, up 6% as reported and 7% at constant currency, while the group operating margin widened to 9.0% in the second quarter, an improvement of 70 basis points.
The Finnish network-equipment maker’s Network Infrastructure division carried the quarter, with sales up 12% to €2.04bn.
