Nokia reported stronger second-quarter earnings, surpassing analyst expectations significantly. Robust demand from artificial intelligence and cloud customers fueled this positive financial performance. The company's sales to AI and cloud clients doubled, securing substantial new orders. Despite rising chip costs, Nokia raised its 2026 profit guidance. This outlook reflects sustained momentum from infrastructure investments.

Vendor also touts 105 percent bump in AI and cloud sales

STOCKHOLM, July 23 : Nokia reported a bigger than expected rise in its quarterly comparable operating profit on Thursday, as the Finnish telecom gear maker got a boost from…

Finnish telecommunications equipment maker Nokia said that demand for its AI and cloud services drove sales higher in the second quarter, but restructuring charges ate into…