Nokia reported a 12 percent Year-on-Year (YoY) increase in network infrastructure sales for the second quarter of its fiscal 2026, while net sales in AI and cloud grew a formidable 105 percent over the same period.
Optical Network group sales grew 20 percent YoY in the quarter, while its IP Networks segment sales grew 16 percent YoY. Nokia's Network Infrastructure group saw a gross margin of 42.7 percent over the quarter, with an operating margin of 8.1 percent.
– Giacomo Lee/SDxCentral
Within Nokia's Mobile Infrastructure business segment, Core Software group net sales grew a modest one percent. Radio Networks net sales rose seven percent, with a 15 percent increase in Technology Standards group net sales.
Overall net sales grew nine percent YoY for Nokia, helping operating profit jump 18 percent to $496.11 million.
