Quarterly ResultJul 23, 2026, 07:56 AM
Nokia Q2 Net Sales +9%, Comparable Operating Profit +18%
AI Summary
Nokia reported solid Q2 2026 results, with net sales growing 9% on a constant currency basis and comparable operating profit increasing 18% to EUR 434 million. The company saw strong demand in AI & Cloud, with sales more than doubling. Nokia reclassified two businesses as discontinued operations, leading to a technical revision of its full-year comparable operating profit outlook to EUR 2.1-2.6 billion. The company also announced an acquisition to expand its U.S. optical manufacturing capacity and accelerated restructuring actions, expecting EUR 800 million in charges for 2026, while declaring a dividend of EUR 0.04 per share.
Key Highlights
- Q2 net sales grew 9% year-over-year on a constant currency basis to EUR 4.815 billion.
- Q2 comparable operating profit increased 18% to EUR 434 million, with a 9.0% margin.
- Q2 comparable diluted EPS was EUR 0.07, up 75% year-over-year.
- Network Infrastructure net sales grew 12% and Mobile Infrastructure net sales grew 7% (constant currency).
- AI & Cloud order intake was EUR 2.8 billion, with sales more than doubling year-over-year.
- Reclassified Fixed Wireless Access CPE and Enterprise Campus Edge businesses as discontinued operations.
- Updated full-year 2026 comparable operating profit outlook to EUR 2.1-2.6 billion.
- Declared a dividend of EUR 0.04 per share, payable on August 6, 2026.
- Acquired NXP's Chandler Semiconductor Fabrication campus to expand optical manufacturing capacity.
- Accelerated restructuring actions, expecting EUR 800 million in charges for 2026.
Price Impact
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